165 Broadwater Terrace, Redland Bay, Queensland 4165

Sub franchise - Redland Bay! Very low rent! Desirable location!

For Sale | $225,000

Franchise Restaurant Takeaway Food

Redland Bay is a township some 35 km south-east of Brisbane. In the 2011 census, Redland Bay recorded a population of 13,624 people.

Redland Bay has remained a farming and fishing-based area until the mid-20th century when some of the farms were subdivided and improved transport infrastructure made it possible for residents.

The township has long been the port for vessels plying the bay islands including, Russell Island, Macleay Island, Karragarra Island, Lamb Island and North Stradbroke Island, home to several thousand residents enjoying an idyllic, sub-tropical lifestyle.
The Franchise is situated on a small roadside shopping centre on Broadwater Terrace, with great roadside exposure.


The 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 1200 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.

The Redland Bay outlet is a neat tidy sandwich franchise situated, in a fairly laid back relaxed location, not far from the water and island ferry terminals


KEY FEATURES:

CURRENT LEASE
Expires June 30, 2023

SIZE OF BUSINESS
72m2 + alfresco dining

RENT excluding G.S.T.
Rent is $2,550 per month

OUTGOINGS excluding G.S.T.
Nil

ANNUAL INCREASES
CPI Brisbane

RENTAL BOND
Nil

BUSINESS ESTABLISHED
2011 by the current owner

FRANCHISE FEES
8% of turnover

FRANCHISE MARKETING LEVY
4.5% of turnover

NEW FRANCHISEE ENTRY COSTS
Paid by outgoing franchisee

TRAINING
3 weeks in Brisbane

FRANCHISE TERM
New 20 year agreement

FITOUT
Current until late 2020 and well maintained (Contribution towards remodel cost has been factored into the asking price)

ANNUAL TURNOVER (Approx.)
FY 2018 $437,500
FY 2017 $448,000

TRADING HOURS
Mon - Tue 7.00am 8.00pm
Wed - Thur 7.00am - 8.30pm
Fri - Sat 8.00am - 9.00pm
Sunday 8.00am - 8.00pm

STAFFING
1 full-time + 11 casuals (varies)

STAFF WEEKLY WAGES (Approx.)
$2,800

OWNERS HOURS
Nil

REASON FOR SELLING
Downsizing / retirement

APPROX RETURN TO OWNER/OP'S
$85,000 (FY2018) EBITDA

ASKING PRICE
$225,000 + SAV (Est. $4,000)


For more information, please contact:

Reg Butler
0438 189 657

Share



Marketing By


Reg Butler

Business Brokers Network

Overview

This Franchise Business is one of 18 businesses for sale in Southern Moreton, Queensland, and one of 39 Franchise Businesses in this region that a business for sale currently has on offer. This Franchise Business is for sale in Southern Moreton for the asking price of $225,000 and has been on market for less than 3 months.