- Price: $175,000 + 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 an area close to Mt Gravatt
Business features include:
Lease - Expires September 2027.
Rent excluding -.-.-. - $5,520 per month
Outgoings excluding -.-.-. - $800 per month approx.
Rent capped at 3.5% per annum
Rental Bond - 3 month's rent
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Turnover (Approx.) FY2023 Currently $12,000 per week
SAV is approx. $5,000
Trading hours Generally 8.30am 8.00pm (can extend)
Staffing Manager + 10 casuals (varies)
Owner's hour Nil (unless required)
Reason for selling Downsizing / Retirement
Potential return to an owner operator is in the vicinity of $120,000 EBITDA (based on current sales of $12,000 per week)
Cash buyer preferred!
Price is $175,000
For more information, please contact:
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