Price: $325,000 + SAV
Categories: Food/Hospitality
The sandwich restaurant chain was founded in the USA in 1965. The company has since grown into a multi-billion-dollar business, with more than 36,000 outlets in 100 countries.
Wherever the restaurants are located, the basic menu stays almost the same.
The first restaurant opened in Australia in 1988.
Australia is the group's largest market outside North America, with more locations than any other chain.
There are presently in excess of 1300 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 on a fairly major road with tremendous visibility. Very popular area!
KEY FEATURES:
LONG Lease Expires July 2035
LOW rent, excluding..., is $2,500 per month
Outgoings: Nil
Size is 103m2 + alfresco dining
NO rental bond is required
SAV is approx. $7,000
Training is 3 weeks in Brisbane + other as required by franchisor
new 20-year Franchise agreement
restaurant will be fully remodeled at settlement and should be okay until 2034
Annual Turnover (Approx.) $625,000 FY 2024 (7% 3rd Party Deliveries)
The business was relatively unaffected by COVID-19
Trading Hours are generally: 7 days, 7.00 a.m.–9.00 p.m. (Can expand considerably)
Staffing: supervisor + 7 casuals (varies)
return to a full-time Owner / Operator is approximately $150,000 EBIDTA FY2023
Full financials are available
Up to 60% bank financing may be available to approved applicants
For more information, please contact:
Reg Butler
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