Subway Franchise, Burleigh Heads Area, Potential 24 Hour Site, Low 3rd Party Deliveries

Business For Sale Gold Coast QLD Region, Queensland

Business Category Other Retail Restaurant Takeaway Food

$150,000 + SAV

Description

Subway Franchise, Burleigh Heads Area, Potential 24 Hour Site, Low 3rd Party Deliveries

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 the hub of local and tourist activity.

Due to the high street exposure, and the surrounding high-rises, this is a potential 24 hour trading location.


Business features include:

Lease - Expires 31st December 2023 with an agreed 3 year option

Rent excluding G.S.T. - $2,917 per month

Outgoings excluding G.S.T. - $1,182 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 due Estimated cost $75 - $100k

Turnover (Approx.) FY2021 $530,000 (8% 3rd party deliveries)

Trading hours
Generally 8.30am 8.00pm

Staffing 14 casuals (varies)

Owners hour - Nil

Reason for selling Semi Retirement

Return to an owner operator is in the vicinity of $105,000 EBITDA (FY2021)

Asking $150,000 + SAV as is
Or $250,000 fully + SAV fully remodelled

For more information, please contact:

Reg Butler
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Contact Seller
Reg Butler

Bsale ID: 549876
Broker REF: RB626

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