- Price: $150,000 + 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 the hub of local and tourist activity.
Due to the high street exposure, and the surrounding high-rises, this is a potential 24 hour trading location.
Business features include:
Lease - Expires 31st December 2023 with an agreed 3 year option
Rent excluding -.-.-. - $2,917 per month
Outgoings excluding -.-.-. - $1,182 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 due Estimated cost $75 - $100k
Turnover (Approx.) FY2021$530,000 (8% 3rd party deliveries)
Generally 8.30am 8.00pm
Staffing 14 casuals (varies)
Owners hour - Nil
Reason for selling Semi Retirement
Return to an owner operator is in the vicinity of $105,000 EBITDA (FY2021)
Asking $150,000 + SAV as is
Or $250,000 fully + SAV fully remodelled
For more information, please contact:
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