• Price: $350,000 + 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 in an extremely attractive leafy location, which is a hub for the St Lucia tradies, residents and students in the region. The bus station is very close to the highly visible store's front door.
Business features include:
Lease - Expires 2024 with additional options or new lease Negotiable
Business size 85m2 + Alfresco seating
Rent excluding -.-.-. - $5,877 per month
Outgoings excluding -.-.-. - $1,306 /month Approx.
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Remodel This store could be fully remodeled at settlement if required!
Turnover (Approx.) $581,822 FY2022
Trading hours generally 7.30am 11.00pm (Or 9.00am 9.00pm when Uni is closed)
Staffing Supervisor + 10 Sandwich Artists (Varies)
Owner's hours Nil
Potential includes increasing trading hours, new multi-storey student accommodation under construction. 100's of students at your doorstep
Reason for selling Distance to travel
Return to a full-time owner operator is in the vicinity of $132,000 EBITDA (FY2022)
Price is $350,000 + SAV (as is)
or $490,000 + SAV fully remodelled!
For more information, please contact: