Subway Sandwich Franchise, Gold Coast Northside! Potential, Captive Trade Area! Motivated Seller!

Business For Sale Gold Coast QLD Region, Queensland

Business Category Restaurant Takeaway Food

$395,000 + SAV


Subway Sandwich Franchise, Gold Coast Northside! Potential, Captive Trade Area! Motivated Seller!

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 in an extremely busy hub area boasting shops, industrial complexes, big box retailers, schools, hospitals the lot!

Great roadside exposure adverting in itself!

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

Business features include:

Lease - Expires mid 2028 + 2 x 7 year options

Business size - 57m2

Rent excluding G.S.T. - $4,970 per month

Outgoings excluding G.S.T. - $1,250 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 the owner is prepared to do this within the price, or discount $100,000 if the new owner wants to undertake the project themselves.

Turnover (Approx.) $885,000 FY2021 (Only 11% 3rd Party Deliveries)

SAV approx. $8,000

Trading hours generally 6.30am 8.30pm (Could extend)

Staffing Manager + 15 Sandwich Artists (Varies)

Owner's hours Nil operationally

Reason for selling Retirement

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

Price is $395,000 + SAV fully remodelled!
Or $295,000 + SAV "as is" Not remodelled!

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: 582597
Broker REF: SUB102

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