Business For Sale Gympie, Queensland 4570
Business Category Restaurant Takeaway Food
$395,000 + SAV
Subway Franchise, Gympie City, Nice Rural Setting, Remodeled, Long Lease, Low Rent, Suit Owner / Op!
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. - $3,870 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
Store will be fully remodelled
Turnover (Approx.) FY21 $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:
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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
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