Subway Sandwich Franchise, Gold Coast Northern end! Potential +++!, Captive Active Area!
For Sale | $495,000 + SAV
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 iconic well established Subway franchise is in an extremely busy hub area boasting shops, industrial complexes, big box retailers, schools, hospitals the lot!
Great roadside exposure adverting in itself!
Hungry permanent work force nearby. This is unlikely to change for years.
Business features include:
Lease - Expires mid 2028 + 2 x 7 year options
Business size - 57m2
Rent excluding G.S.T. - $4,970 per month
Outgoings excluding G.S.T. - $1,250 approx.
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Remodel Remodel is due and the owner is prepared to do this within the price, or discount $100,000 if the new owner wants to undertake the project themselves.
Turnover (Approx.) $885,000 FY2021 (Only 11% 3rd Party Deliveries)
SAV approx. $8,000
Trading hours generally 6.30am 8.30pm (Could extend)
Staffing Manager + 15 Sandwich Artists (Varies)
Owner's hours Nil operationally
Reason for selling Retirement
Return to a full-time owner operator is in the vicinity of $190,000 EBITDA (Normalized FY21)
Price is $495,000 + SAV fully remodelled!
Or $395,000 + SAV "as is" Not remodelled!
Bank finance of up to 60% could be possible to approved applicants
For more information, please contact:
0438 189 657