Queensland

Subway franchise - Very close to Brisbane CBD! Growth mode business!

For Sale | $399,000

Franchise Restaurant Takeaway Food

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.

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.

The suburb has many mid - high-rise apartment buildings. Very close to public transport entry point, notable eatery location.

Customers are drawn from locals, students, tradies, commuters, office workers - everyone!!!


The franchise offered is located in the thick of the action.


Business features include:

Very long lease - Expires August 2021 + 2 x 5 year options

Business size - 70m2 + Alfresco tables + seats

Rent excluding G.S.T. - $5,174 per month

Outgoings excluding G.S.T. - Nil

Business well established

New Franchisee entry costs - Nil

Franchise term - new 20 year agreement

No prior experience is needed. Full training is provided by the franchisor prior to settlement

Fit-out - Remodel due!

Equipment will be sold unencumbered

Annual Turnover for FY2020 was approximately $700,000

Trading hours
Mon - Fri 7.00am 8.30pm (Could extend)
Saturday 8.00am - 8.00pm
Sunday 9.00am - 7.30pm

Staffing - Manager/s + 7 casuals (varies)

Currently run under management, great potential for hands on operator/s.

Reason for selling - Scaling down

Return to owner operator is in the vicinity of $170,000 EBITDA

Asking price is $399,000 as as, or $499,000 remodelled


For more information, please contact:


Reg Butler
0438 189 657

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Overview

This Franchise Business is one of 378 businesses for sale in Brisbane Central, Queensland, and one of 22 Franchise Businesses in this region that a business for sale currently has on offer. This Franchise Business is for sale in Brisbane Central for the asking price of $399,000 and has been on market for less than 3 months.