- Price: $895,000 + 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 a growing Sunshine Coast region in a centre with tremendous roadside visibility.
Some business features include:
Long Lease - Expires 2027 + 3 x 5 year options (great to borrow against)
Rent - $7,280 per month + Outgoings of $1,000 approx. excluding -.-.-.
Business size is 120m2 with a large undercover 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
Remodel recently completed
Turnover is expected to be $1,500,000 (FY2024) with 5% 3rd Party Deliveries!
SAV (Stock At Value) is approximately $15,000
Trading hours range from 8.00am - 8.00pm
Staffing is currently a 6 part-time + 12 Sandwich Artists (varies)
Owner's hours Approx 15 hours per week operationally
Reason for selling Moving on
Return to a full-time owner operator is expected to be in the vicinity of $300,000 EBITDA (FY2024)
Finance of up to 60% could be available to approved applicants.
