Subway Brisbane Northern suburbs, T/O $710,000 est, Lease to 2037! Very Low Rent! Remodelled!
For Sale | $450,000
The area is progressively becoming a commercial hub due to its connection to the Gateway Motorway.
The Subway 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 during 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 outlet is prominently located on a busy road, with plenty of favored "grab and go" parking. Excellent for passing travellers and tradies.
Current Lease expires 26/06/2022 with 3 x 5 year options
Size is 100m2 + alfresco seating
LOW Rent excluding G.S.T. is $3,250 per month + $500 per month outgoings
Excellent catering location - can expand considerably!
Established within the last 10 years
Training 3 weeks in Brisbane
New 20 year Franchise agreement
Will include the latest fit-out
Annual Turnover is estimated to be $710,000 for FY2021
Trading Hours between 7.00am 8.00pm (could extend)
Staffing - supervisor + 11 casuals (varies)
Approximate return to full time Owner / Operator is in the vicinity of $140,000 (FY2021) EBITDA.
For more information, please contact:
0438 189 657