Price: $1,000,000 + 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 the growing Townsville region in a large suburban shopping centre.
Some business features include:
Long Lease: Expires 2027 + 3 x 5-year options (great to borrow against)
Rent: $6,907 per month + Outgoings of $1,967 approx., excluding:. Near benchmark!
business size is 130 m2, 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
Remodel not due until 2031
Turnover is $1,700,000 (FY2023) with 10% 3rd Party Deliveries!
The restaurant is trading 6% up on the previous year (as at time of posting)
SAV (Stock At Value) is approximately $15,000
Trading hours range from 7.00am - 9.30pm
Staffing is currently a Manager + 20 Sandwich Artists (varies)
Owner's hours Nil (Multi store owner)
Reason for selling Retirement
Return to a full-time owner operator is expected to be in the vicinity of $400,000 EBITDA (FY2023)
Finance of up to 60% could be available to approved applicants.
