Queensland

Subway - Cairns Region! Remodelled! T/O $19k per week! Out of town owner wants it sold!

For Sale | $395,000

Franchise Restaurant Takeaway Food

Subway sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion-dollar business, with approximately 38,000 outlets in 106 countries.

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 Subway franchise is located in a regional shopping centre with a major supermarket as an anchor tenant.


Business features include:

Lease - Expires July 2024 (Centre does not give options)

Business size - 90m2 + Alfresco

Rent excluding G.S.T. - $4,600

Outgoings excluding G.S.T. - $1,200 per month

Established since 2005

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 - extensively remodelled in 2020 and should be okay until 2030

Turnover (Approx.) $19,000 per week

Trading hours
Mon - Fri 8.00am 8.30pm
Saturday 8.30am - 5.00pm
Sunday 8.30am - 5.00pm
(Could extend)

Staffing 3 full time + 12 casuals (varies)

Owners hour - Nil (Currently run under full management)

Reason for selling - Consolidating

Return to an owner operator is in the vicinity of $180,000 EBITDA (based on a $19,000 per week sales level, with benchmarks achieved)

For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au

Share

Contact


Reg Butler



Marketing By


Reg Butler

Business Brokers Network

Overview

This Franchise Business is one of 19 businesses for sale in North Queensland, Queensland, and one of 16 Franchise Businesses in this region that a business for sale currently has on offer. This Franchise Business is for sale in North Queensland for the asking price of $395,000 and has been marketed for a while and is definitely worth another look as it is sure to be snapped up soon..