- 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 40,000 outlets in 100 countries.
This Subway kiosk is located conveniently outside of Woolworths in the main through-fare. There is also a small, dedicated eating area.
Lease expires 16th August 2023. This centre does not give options. The franchisor currently carries the head lease and there is usually not an issue renewing.
Rent is $5,023 per month + $295 per month outgoings
Rental Bond / Guarantee - 2 Months
Business Established in 2009
Remodel due in line with the lease (tbc). Signage will need to be done soon, cost approx. $12,000.
New 20 year Franchise Term
Turnover (Approx.) FY 2019$350,000
SAV approximately $4,000
Mon - Fri 8.00am - 5.00pm (Thurs 8.30pm)
Saturday 8.00am - 4.30pm
Sunday 9.00am - 3.30pm
Return to an owner operator before wages was approximately $120,000. (FY 2019) Buyer will need to determine their own staffing requirements
The business needs a committed owner operator (Not suitable for non-residents)
ASKING PRICE is $27,500 and includes the $8,250 franchisor transfer fee
Potential buyers will also need to demonstrate to the franchisor that they have $20,000 initial working capital
The business is suitable to a full-time working owner/operator with minimal staffing requirements
Reason for selling Too small for current multistore owners to bother with
Limited financial data. More suited to a cash buyer.
If this is for you, please contact:
Victoria Point Shopping Centre is located on the corner of Bunker & Cleveland-Redland Bay Roads, Victoria Point. It has 1,332 Parking Spaces and 99 Specialty Shops
Major Tenants include K Mart, Coles, Woolworths. Mini-Major Tenants include Best & Less, Terry White Chemists, The Reject Shop.
The centre also houses Australia Post and many bank branches.