Brisbane City, Queensland 4000
Subway Sandwich Franchise, Nice Brisbane Eastern Suburbs, Captive Area!
For Sale | $480,000 + 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 located in an extremely busy shopping precinct, 20 km from the Brisbane CBD.
Great roadside exposure - cannot but not notice when passing by!
Hungry permanent work force near by
Business features include:
Lease - Expires mid 2023 + % year option (Neg)
Business size - 92m2 + some alfresco
Rent excluding G.S.T. - $5,306 per month
Outgoings excluding G.S.T. - $376 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 $100,000 has been discounted from the asking price to accommodate this.
Turnover (Approx.) $892,000 FY2021 (20% 3rd Party deliveries)
SAV approx. $7,000
Trading hours generally 7.00am 9.00pm
Staffing Manager + 12 Sandwich Artists (Varies)
Owner's hours Nil
Reason for selling Retirement
Return to a full-time owner operator is in the vicinity of $200,000 EBITDA (FY21)
Bank finance of up to 60% could be possible to approved applicants
For more information, please contact:
0438 189 657