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- Price: $260,000 + 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.
Varsity Lakes is a suburb of the City of Gold Coast. The 2011 census reported a population of 14,366 for the area.
Subway Varsity Lakes is situated in the popular Market Square, which offers a range of retail to the Varsity Lakes community. Major chains such as Night Owl and IGA are all located in the complex. Market Square also offers banks, beauty salons, bottle shops, chemists, dental care, gyms, real estates, restaurants and taverns.
Bond University is situated close by.
Business features include:
Lease - Expires July 2023 + 5 year option
Business size - 80m2 + Alfresco
Rent excluding -.-.-. - $5,206 per month
Outgoings excluding -.-.-. - $104 approx. Signage!
SAV approximate $6,000
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
The store is due to be remodelled (Estimated cost $50,000)
Turnover (Approx.) $560,026 (10% 3rd Party Deliveries)
Trading hours generally 7.00am 9.00pm
Staffing Manager + 10 Sandwich Artists (Varies)
Owner's hours Paid as worked
Reason for selling Retirement
Return to a full-time owner operator EBITDA is in the vicinity of $110,000 with control of costs (FY2021)
For more information, please contact:
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