Subway Franchise, Gold Coast Christine Corner, Potential 24 Hour Site, Remodelled

Business For Sale Gold Coast QLD Region, Queensland

Business Category Restaurant Takeaway Food

$299,000 + SAV

Description

Subway Franchise, Gold Coast Christine Corner, Potential 24 Hour Site, Remodelled

Subway sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion-dollar business, with approximately 38,000 outlets in 106 countries.

There are presently in excess of 1,300 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.


This Subway franchise is located in a small shopping centre with major exposure. The business has been relatively unaffected by Covid 19 trading conditions

Due to the high traffic volume in the vicinity, this is a potential 24 hour trading location (tbc).


Business features include:

Lease - Expires June 2023 with 3 x 5 year options

Rent excluding G.S.T. a modest $3,545 per month

Outgoings excluding G.S.T. - $817 per month approx.

Franchise term - new 20 year agreement

No prior experience is needed. Full training is provided by the franchisor prior to settlement

Remodel completed

Turnover (Approx.) FY2021 $600,000 (Only 15% 3rd party deliveries)

Trading hours
Generally 7.00am 9.00pm

Staffing Manager + 10 Part-timers (varies)

Owners hour Part time

Reason for selling Retirement

Return to an owner operator is in the vicinity of $150,000 EBITDA (FY2021)

For more information, please contact:

Reg Butler
XXXXXXXXXX

XXXXXXXXXX
Contact Seller
Reg Butler

Bsale ID: 564516
Broker REF: RB634

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