Turnover $1.2m per annum (ex gst) (approx.). Net to 1 owner $300,000 per annum (approx.). Established 2005. Great lease 5 years + a 5 years option commencing november 2021. Low rent approximately 7 % of turnover.
About the opportunity
The menu for this franchise business, broadly consists of various 6” and 12” subs with various breads, varieties of salads, various cookies and soft drinks. The specific subway menu comprises the: 6 grams of fat or less range, like chicken strips, chicken teriyaki, ham, roast beef, pulled pork and turkey; the general sub range, like chicken & bacon ranch melt, chicken classic, chicken parmigiana melt, chicken schnitzel, italian bmt, meatball, pizza club with cheese, steak & cheese, subway seafood, tuna and veggie patty; breakfast subs, like egg & cheese, ham, egg & cheese, ham poached egg & cheese, shortcut bacon, egg & cheese, and shortcut bacon, poached egg & cheese. Coffee is also included in the menu.
The business is very simple to run, the franchisor taking care of marketing, new product development, corporate imaging, etc.
The premises are situated in a high-profile position in strip shopping centre on a busy main road. It is also a corner location which possesses 270 degrees exposure to the footpaths and streets.
Some of the nearby businesses include phone king, a hotel/pub, a shoe store, a seafood store, a barber shop and various cafes and restaurants.
Subway was founded by fred de luca in connecticut usa during 1965. The group now boasts approximately 1,250 franchises australia wide and approximately 44,000 outlets globally.
The “eat fresh” slogan is obviously designed to keep the subway name as a leader in the healthy living food area. By all accounts this focus is having success.
Great opportunity to get into this sought after franchise group!!!
Asking $699,000 + sav.