Subway - Cairns Region! Remodelled! T/O $19k per week! Out of town owner wants it sold!
For Sale | $395,000
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
Mon - Fri 8.00am 8.30pm
Saturday 8.30am - 5.00pm
Sunday 8.30am - 5.00pm
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:
0438 189 657