Subway - Robina area! Romodelled! EXCELLENT LOW RENT! EXCELLENT LONG LEASE!
For Sale | $295,000
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.
The Subway franchise is located in a strong regional shopping centre with major road access.
Business features include:
Lease - Expires July 2025 + 3 x 5 year options
Business size - 72m2 + Alfresco
Rent excluding G.S.T. - $3,084 per month
Outgoings excluding G.S.T. - Nil
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.) $11,000 per week
Trading hours Daily 7.00am 9.00pm
Staffing Mixture of 12 part-timers and casuals (varies)
Owners hour - Nil (Currently run under full management)
Reason for selling - Rationalizing
Return to an owner operator is in the vicinity of $110,000 EBITDA (based on a $11,000 per week sales level, with benchmarks achieved)
For more information, please contact:
0438 189 657