Subway franchise Victoria Point Kiosk! Owner ready to walk! Potentially your gain! $10,000 + costs!
For Sale | $10,000 + SAV
The company has since grown into a multi-billion-dollar business, with more than 40,000 outlets in 100 countries.
The Subway kiosk is located outside of Woolworths in the main through-fare. There is also a small, dedicated eating area.
Lease expiring 16th August 2023. The franchisor carries the head lease and there is usually not an issue renewing.
Rent almost $5,000 per month + $300 per month outgoings
2 Month Rental Bond / Guarantee if secured against property. If not secured against property, a 6 months Rental Bond will be required
Business Established in 2009
Remodel due in the near future - expected cost in the vicinity of $25,000 (tbc)
New 20 year Franchise Term
Franchisee transfer / training cost $7,500 + GST, to be paid/reimbursed by the incoming franchisee!
Turnover (Approx.) FY 2019 $350,000
Mon - Fri 8.00am - 5.00pm (Thurs 8.30pm)
Saturday 8.00am - 4.30pm
Sunday 9.00am - 3.30pm
Return to owner operator approx. $50,000. FY2019. More to a working couple or if you are prepared to work long hours
Need committed owner operator (Not suitable for Non-residents)
ASKING PRICE is $10,000 + SAV (Est. $5,000) NON NEGOTIABLE
OTHER COST FACTORS (As mentioned above - Rental Bond, Remodel, Transfer / training)
Potential buyers will also need to demonstrate to the franchisor that they have $20,000 working capital
Reason for selling Too small for current owners to bother with.
If this is for you, please contact:
0438 189 657
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 bank branches.
There are plenty of reasons for people to visit the centre.