Subway Franchise, Sunshine Coast Area! Low Rent! Long Lease! Imminent Growth Potential!

Business For Sale Sunshine + Fraser Coast QLD Region, Queensland

Business Category Restaurant Takeaway Food

$695,000 + SAV

Description

Subway Franchise, Sunshine Coast Area! Low Rent! Long Lease! Imminent Growth Potential!

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 being offered is located in a strong regional fast food shopping hub! Many of the surrounding tenants operate 24 hours a day.


Business features include:

Lease - Expires late 2025 + 2 x 7 year options

Business size - 70m2 + Alfresco

Rent excluding G.S.T. - $4,500 per month

Outgoings excluding G.S.T. $300 per month

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

Current to 2029

Turnover (Approx.) $1,200,000 FY2022

Trading hours Daily 8.00am 9.00pm (Could extend up to 24 hours per day)

Staffing Manager + 1 PPT + 12 casuals (varies)

Owners hour - Nil (Currently run under full management)

Reason for selling New Business Venture / Rationalizing

Bank Finance of up to 60% against the business may be possible to approved applicants

Return to an owner operator is in the vicinity of $235,000 EBITDA (based on FY2022 estimate)


For more information, please contact:

Reg Butler
XXXXXXXXXX

XXXXXXXXXX



Please note - this business is not suitable for 491 Visa purposes. New franchisees are expected to be committed owner operators.

(Photo is symbolic)
Contact Seller
Reg Butler

Bsale ID: 578411
Broker REF: SUB119

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