- Price: $275,000 + 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 in approximately 13 km southwest of the Brisbane CBD in a small suburban shopping centre.
Some business features include:
Lease - Expires May 2026 + 2 x 3 year options
Rent - $3,730 per month + Outgoings of $965 approx. excluding -.-.-.
Business size is 60m2 with an outdoor seating area
Franchise term is a new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
The restaurant will need to be remodelled. Price vicinity $120 - $150k tbc
Turnover is $526,000 (FY2023) with 11% 3rd Party Deliveries!
SAV (Stock At Value) is approximately $8,000
Trading hours are
Mon - Fri 8.00am - 8.30pm
Sat - Sun 9.00am - 8.00pm
Staffing is currently a Supervisor + 8 Sandwich Artists (varies)
Owner's hours Nil
Reason for selling Retirement
Return to a full-time owner operator is expected to be in the vicinity of $125,000 EBITDA (FY2023)
The business was very marginally affected by Covid 19
Finance of up to 60% could be available to approved applicants.
Price is $275,000 + SAV "as is" Unremodelled
or
$425,000 + SAV Fully remodelled at settlement.
For more information, please contact:
Reg Butler
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