Subway Townsville! Recent Store! Near $1million Turnover! Potential+++!!! Priced To Sell!

Business For Sale Cairns + Townsville QLD Region, Queensland

Business Category Restaurant Takeaway Food

$299,000 + SAV


Subway Townsville! Recent Store! Near $1million Turnover! Potential+++!!! Priced To Sell!

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 a highly visible location on the outer reaches of Townsville.

Some business features include:

LONG Lease - Expires Sept 2028 + 2 x 5 year options

Rent - $7,271 per month + Outgoings of $1,690 approx. excluding G.S.T.

There is a rental bond of 6 months rent + outgoings (non-negotiable)

Business size is 127m2 with an outdoor area

Franchise term is a new 20 year agreement

The restaurant is not expected to have a major remodel until 2032

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

Turnover is estimated around just short of the $1,000,000 vicinity (FY2024) with No / minimal 3rd Party Deliveries! (potential to introduce)

SAV (Stock At Value) is approximately $10,000

Trading hours range 7.00am - 9.00pm. There is the possibility to 24 hour trade in this location

Staffing is currently a Supervisor + 11 casual Sandwich Artists (varies)

Owner's hours Nil

Reason for selling Relocation to Brisbane

Return to a full-time owner operator is in the vicinity of $140,000 EBITDA (FY2024) with HUGE upside!

Finance of up to 60% could be available to approved applicants.

For more information, please contact:

Reg Butler


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Contact Seller
Reg Butler

Bsale ID: 643405
Broker REF: SUBX402

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