Subway Franchise, Robina Area, Back On The Market! Remodelled, Low Rent! Long Lease!

Business For Sale Gold Coast QLD Region, Queensland

Business Category Other Retail Restaurant Takeaway Food

$275,000 + SAV

Description

Subway Franchise, Robina Area, Back On The Market! Remodelled, Low Rent! Long Lease!

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.


The Subway franchise is located in a strong regional shopping centre with major road access.


Business features include:

Lease - Expires July 2025 + 3 x 5 year options

Business size - 72m2 + Alfresco

Rent excluding G.S.T. - $3,161per month

Outgoings excluding G.S.T. - Nil

New Franchisee entry costs - Nil

Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement

Fit-out - extensively remodelled in 2020 and should be okay until 2030

Turnover (Approx.) $11,200 per week

Trading hours Daily 7.00am 9.00pm

Staffing Mixture of 12 part-timers and casuals (varies)

Owners hour - Nil (Currently run under full management)

Reason for selling - Rationalizing

Return to an owner operator is in the vicinity of $110,000 EBITDA (based on a $11,000 per week sales level, with benchmarks achieved)

For more information, please contact:

Reg Butler
XXXXXXXXXX

XXXXXXXXXX


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Contact Seller
Reg Butler

Bsale ID: 546955
Broker REF: RB616

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