- Price: $425,000 + SAV
- Categories: Food/Hospitality
The 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 industrial park in Loganholme. The area is set to improve thanks to a massive billion-dollar roadworks redevelopment about to commence
The business can be viewed as an industrial takeaway restaurant due to its relatively short trading hours.
Some business features include:
Very long lease - Expires August 2026 with 2 x 5 year options
Extremely low rent - $3,346 per month + Outgoings of $700 approx. excluding -.-.-.
Business size is 181m2 with a large 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
The restaurant has just been extensively remodelled and should be okay for 10 years
Turnover is $505,000 (FY2023) with minimal 3rd Party Deliveries!
Trading hours are a cruisy 52.5 hours per week
Mon - Fri 7.00am - 4.30pm
Saturday 9.00am - 2.00pm
Closed Sundays and Public holidays
Staffing is currently a Manager + 4 Sandwich Artists
Owner's hours Nil / very minimal
Reason for selling To focus on young family
Return to a full-time owner operator is in the vicinity of $150,000 EBITDA (FY2023)
The business was marginally affected by Covid 19, and continued to see Calander year-on-year growth throughout the period.
Finance of up to 60% could be available to approved applicants
