- Price: $390,000 + SAV
- Categories: Food/Hospitality
Ayr is located 88 km south of Townsville on the Bruce Highway and 12km away from the (smaller) town of Home Hill. Ayr has a population of approximately 8,000.
It is within the Burdekin Shire, which produces the most sugar cane per square kilometre in Australia utilizing underground water supplies and water from the Burdekin Dam to irrigate crops when rains fall.
The Subway 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 approximately 1300 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.
The Ayr Subway outlet is prominently located on the major highway, with plenty of "grab and go" parking. Excellent for passing travellers and tradies.
KEY FEATURES INCLUDE:
Current Lease expires 31/08/27 with a 5 year option
Size is 142m2 + alfresco seating
LOW Rent excluding -.-.-. is $1,988 per month including outgoings
Established in 2002
Training 3 weeks in Brisbane
New 20 year Franchise agreement
Fit-out is due and expected to cost in the vicinity of $150,000 - $175,000 tbc
Annual Turnover FY2024 is expected to exceed $1,000,000
Trading Hours
(Mon Thur) 8.00am 8.00pm
(Friday) 8.00am 8.30pm
(Sat - Sun) 9.00am 8.00pm
SAV approximately $7,000
Staffing -1 part time owner + full-time manager + 3 PPT + 8 casuals (varies)
Owners relocating
Approximate return to full time Owner / Operator is in the vicinity of $220,000 (FY2023) EBITDA.
Price is $390,000 + SAV "as is"
