Subway Franchise, Darwin, Rarely Available, Extremely Long Lease Until 2043, Growth Area!

Business For Sale Darwin NT Region, Northern Territory

Business Category Restaurant Takeaway Food

$599,000 + SAV

Description

Subway Franchise, Darwin, Rarely Available, Extremely Long Lease Until 2043, Growth Area!

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.


Business features include:

Lease - Expires January 2028 with 3 x 5 year options

Rent excluding G.S.T. - $8,579 per month

Outgoings excluding G.S.T. - $59 per month

Franchise term - new 20 year agreement

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

Turnover (Approx.) FY2021 $950,000

Trading hours Generally 7.00am 9.00pm (Could extend)

Staffing Manager, Asst Manager + 13 Part-timers (varies)

Owners hours - Nil

Reason for selling Downsizing

Return to an owner operator is in the vicinity of $200,000 EBITDA (FY2021)

For more information, please contact:

Reg Butler
XXXXXXXXXX

XXXXXXXXXX
Contact Seller
Reg Butler

Bsale ID: 575308
Broker REF: SUB111

Business Brokers Network Australia
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