Subway Sandwich Franchise, Nice Brisbane Eastern Bayside Suburb, Captive Area!

Business For Sale Brisbane QLD Region, Queensland

Business Category Franchise Business Opportunities Restaurant Takeaway Food

$480,000 + SAV


Subway Sandwich Franchise, Nice Brisbane Eastern Bayside Suburb, Captive 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.

This iconic well established Subway franchise is located in an extremely busy shopping precinct, 20 km from the Brisbane CBD.

Great roadside exposure - cannot but not notice when passing by!

Hungry permanent work force nearby. This is unlikely to change for years.

Business features include:

Lease - Expires mid 2023 + 5 year option (verbally agreed)

Business size - 92m2

Rent excluding G.S.T. - $5,306 per month

Outgoings excluding G.S.T. - $376 approx

Franchise term - new 20 year agreement

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

Remodel Remodel is due and $100,000 has been discounted from the normal price to accommodate this.

Turnover (Approx.) $892,000 FY2021

SAV approx. $7,000

Trading hours generally 7.00am 9.00pm

Staffing Manager + 12 Sandwich Artists (Varies)

Owner's hours Nil

Reason for selling Retirement

Return to a full-time owner operator is in the vicinity of $190,000 EBITDA (FY21)

Bank finance of up to 60% could be possible to approved applicants

For more information, please contact:

Reg Butler

Contact Seller
Reg Butler

Bsale ID: 565384
Broker REF: RB561a

Business Brokers Network Australia
Make Enquiry

Thank you, your enquiry has been sent now.