- Price: $599,000 + 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 highly visible from multiple directions. It is located in a strong industrial precinct, easy access and ample parking.
Business features include:
Lease - Expires Dec 2025 + 2 x 5 year options
Business size 110m2 + Alfresco
Rent excluding -.-.-. - $2,920 per month
Outgoings excluding -.-.-. - $245 per month (1/12 of rent)
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 - extensively remodelled in 2019 with the "Fresh Forward" concept, and should be okay until 2029
Turnover (Approx.) $850,000 (FY2021) No need to rely on 3rd party delivery sales @ a low 4% of the business!
Trading hours Mon Fri 6.30am 8.30pm
Sat Sun 8.00am 8.00pm
Possible 24 hour trade location due to the locations high street appeal and exposure
Staffing Manager + Assistant Manager + 9 Sandwich Artists (varies)
Owners hour - Nil (Currently run under full management)
Reason for selling - Downsizing
Good financials!
Return to an owner operator is in the vicinity of $200,000 EBITDA (FY2021)
Finance of up to 60% could be possible against the business to approved applicants
For more information, please contact:
Reg Butler
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