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- Price: $599,000 + SAV
- Categories: Food/Hospitality, Franchise
Cairns is a city in Queensland, on the east coast of Far North Queensland. The city is the 5th-most-populous in Queensland, and 14th in Australia.
Cairns was formed to serve miners heading for the Hodgkinson River goldfield, but declined when an easier route was discovered from Port Douglas. It later developed into a railhead and major port for exporting sugar cane, gold, minerals and agricultural products from surrounding coastal areas and the Atherton Tableland.
The population in June 2019 was 154,000. Cairns is a popular tourist destination because of its tropical climate and access to tropical rainforest and the Great Barrier Reef, one of the seven natural wonders of the world.
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 an extremely attractive location which is a hub for the residents and tourists in the region.
Business features include:
Lease - Expires 2024 with 2 x 5 year options
Business size - 76m2Rent excluding -.-.-. - $2,982 per month
Outgoings excluding -.-.-. - $670 approx
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Remodel The store will be fully remodeled within the asking price
Turnover (Approx.) $1,000,000
Trading hours generally 7.00am 9.00pm
Staffing 2 Full-time + 10 Sandwich Artists (Varies)
Owner's hours Nil
Reason for selling Retirement
Return to a full-time owner operator is in the vicinity of $190,000 EBITDA
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