Subway Franchise, Gympie City, Nice Rural Setting, Long Lease, Low Rent, Suit Owner / Operator!

Business For Sale Gympie, Queensland 4570

Business Category Franchise Business Opportunities Restaurant Takeaway Food

$295,000 + SAV

Description

Subway Franchise, Gympie City, Nice Rural Setting, Long Lease, Low Rent, Suit Owner / Operator!

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 regional shopping centre, located on the main street, in the thick of the action. Great visibility!


Business features include:

Long Lease - Expires June 2024 + 2 x 5 year options

Rent excluding G.S.T. - $3,700 per month

Outgoings excluding G.S.T. - $43 per month

Franchise term - new 20 year agreement

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

Remodel due ($80,000 has been discounted from the $375,000 expected price to comfortably accommodate this)

Turnover (Approx.) $685,000 (operating on reduced hours and closed Sundays for most of the year)

Trading hours range daily 7.30am 8.00pm

Staffing Manager + 9 casuals (varies)

Owners hour - Nil (Currently run under full management)

SAV approx. $7,000

Reason for selling Downsizing / Semi-retirement

Return to an owner operator is in the vicinity of $125,000 EBITDA (FY2021 normalized trade, with benchmarks achieved)

For more information, please contact:

Reg Butler
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(Photo is symbolic)


Gympie is a city about 170 kilometres north of Brisbane in the Wide Bay-Burnett District. It has a population of 21,000.

Gympie is famous for its gold fields.

About 30 minutes' drive east of Gympie is Tin Can Bay. Noosa on the Sunshine Coast is 45 minutes drive
Contact Seller
Reg Butler

Bsale ID: 549234
Broker REF: RB622

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