- Price: $499,000 + SAV
- Categories: Food/Hospitality, Franchise
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 a small shopping centre with a major tenant.
The business has been relatively unaffected by Covid19 trading conditions
Due to the high street exposure, and the surrounding residential population and transit points, this is a potential 24 hour trading location.
Business features include:
Lease - Expires December 2021 with a 5 year option
Rent excluding -.-.-. - $5,000 per month
Outgoings excluding -.-.-. - $200 per month approx.
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Remodel will be completed prior to settlement
Turnover (Approx.) FY2021$793,000 (Only 5% 3rd party deliveries)
Generally 7.00am 9.00pm
Staffing Manager + 8 Part-timers (varies)
Owners hour - Nil
Reason for selling Semi Retirement
Return to an owner operator is in the vicinity of $170,000 EBITDA (FY2021)
For more information, please contact:
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