Price: $395,000 + SAV
Categories: Food/Hospitality, Franchise
The sandwich restaurant chain was founded in the USA in 1965. The company has since grown into a multi-billion-dollar business, with more than 36,000 outlets in 100 countries. Wherever the restaurants are located, the basic menu stays almost the same.
The first restaurant opened in Australia during 1988. Australia is the group's largest market outside North America, with more locations than any other chain.
There are presently in excess of 1300 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 prominently located in the major Westfield Carindale Shopping Centre. It shares a large food court seating area with numerous major name food businesses.
FEATURES:
The current lease expires November 2028.
size is 32m2 m2 plus an extremely large internal shared seating area
Rent excluding -.-.-. is $7,608 per month + $575 promotions levy (Good for a centre of this magnitude)
3-month rental bond is required
SAV is approximately . $10,000
Established in December 2021 with the latest Fresh Forward decor
Training is 3 weeks in Brisbane
new 20-year Franchise agreement
Turnover FY 2024: $930,000 estimate (Extremely low 2% 3rd Party Deliveries)
(Store is trading approx. 12% up on corresponding previous year period.)
Trading Hours are a cruisy:
Mon - Sat, Fri, 8.00am–5.30pm
Thursday 8.00 a.m.–9.00 9.00pm
Saturday 8.00 a.m.–5.00 5.00pm
Sunday 9.00 a.m.–5.00 5.00pm
Staffing: Manager + 18 casuals (varies)
approximate return to full-time ownership / Operator is in the vicinity of $200,000 EBITDA FY2024
Good, clean financials
