- Price: $50,000 + SAV
- Categories: Food/Hospitality
PLEASE READ FULLY PRIOR TO SENDING AN ENQUIRY!
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 now on offer is one of the smaller restaurants in the franchise group, located approximately 10 km from Brisbane CBD
It is housed in an extremely busy location which is a hub for major activity. The business has a very captive market.
The business is only suitable to committed working owner operators. (i.e. NOT suitable for investors or those seeking a passive income on the side)
The restaurant is due for a remodel (approx $120,000 tbc). The expectation to complete this is shortly after takover.
No financials! Cash buyers only will be entertained
Business features include:
Lease - Expires late 2025 + 2 x 3 year options
Rent excluding -.-.-. is $2,334.66 per month with no Outgoings
Annual increases are a low 3%
Rental Bond is $8,005
Business size - 70m2 + 39m2 Alfresco
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Turnover (Estimate) - Currently trading at near $7,000 per week level with very short hours . There is the immediate potential to grow this.
(Previously reached $15,000 per week)
Trading hours morning and early afternoon only. Currently no nights and weekends
Ideal Staffing Owner/s and a couple of casuals
Reason for selling Retirement
