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- 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 40,000 outlets in 100 countries.
There are presently in excess of 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 suburb is an inner northern suburb in the City of Brisbane. It is approximately 7 kilometres from the Brisbane CBD. It is considered an upmarket, desirable suburb and has a number of heritage-listed sites
The franchisee offered is located on a busy major road on prominent corner position, with high visibility from two main roads
Business features include:
Very long lease - Expires 14/01/2021 + 2 x 5 year options
Business size - 65m2 + Alfresco (2 tables + 7 seats)
Rent excluding -.-.-. - $4,326 per month
Outgoings excluding -.-.-. - $796 per month
Rental Bond - Nil
Business well established - 2008
New Franchisee entry costs - Nil
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Fit-out - due 2022
Equipment will be sold unencumbered
Annual Turnover (Approx.)
2019/2020$443,------ /2019$469,------ /2018$431,539
Mon Fri 7.00am 8.00pm
Sat - Sun 8.00am 8.00pm
Staffing - 1 full-time manager + 8 casuals (varies)
Owners hours - Minimal operational due to fulltime employment
Currently run mainly under management, great potential for hands on operator/s.
Reason for selling - Relocating overseas
Return to owner operator is in the vicinity of $110,000 EBITDA profit per year for one owner working 40 hours per week
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