Subway Franchise, Brisbane Outer Northside, Remodelled, Extremely Low Rent, Long Lease Until 2037

Business For Sale Brisbane QLD Region, Queensland

Business Category Restaurant Takeaway Food

$725,000 + SAV

Description

Subway Franchise, Brisbane Outer Northside, Remodelled, Extremely Low Rent, Long Lease Until 2037

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 on the Brisbane northside, approx. 24km from the CBD.
It is situated in a major regional shopping precinct amid a hub of activity. The region is expected to significantly expand in coming years.
The business has been relatively unaffected by Covid 19


Business features include:

Lease - Expires March 2027 with 2 x 5 year options

Rent excluding G.S.T. - $2,975 per month

Outgoings excluding G.S.T. - Nil

Franchise term - new 20 year agreement

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

Remodel was completed in 2019

Turnover (Approx.) FY2022 $840,000

Trading hours Generally 7.00am 9.00pm (Could extend)

Staffing Manager + 13 Part-timers (varies)

Owners hour - Nil

Reason for selling Downsizing

Return to an owner operator is in the vicinity of $232,000 EBITDA (FY2021)

For more information, please contact:

Reg Butler
XXXXXXXXXX

XXXXXXXXXX
Contact Seller
Reg Butler

Bsale ID: 575172
Broker REF: SUB110

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