- Price: $725,000 + SAV
- Categories: Food/Hospitality
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 on the Brisbane northside, approx. 24km from the CBD.
It is situated in a major regional shopping precinct amid a hub of activity. The region is expected to significantly expand in coming years.
The business has been relatively unaffected by Covid 19
Business features include:
Lease - Expires March 2027 with 2 x 5 year options
Rent excluding -.-.-. - $2,975 per month
Outgoings excluding -.-.-. - Nil
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Remodel was completed in 2019
Turnover (Approx.) FY2022$840,000
Trading hours Generally 7.00am 9.00pm (Could extend)
Staffing Manager + 13 Part-timers (varies)
Owners hour - Nil
Reason for selling Downsizing
Return to an owner operator is in the vicinity of $232,000 EBITDA (FY2021)
For more information, please contact:
Reg Butler
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