Queensland

Subway Franchise, Mid Gold Coast area, Shopping Centre location, Remodelled!

For Sale | $499,000 + SAV

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.


The Subway franchise is located in a major suburban shopping centre with great major road visibility, easy entry, and good parking. This is a local hub!


Business features include:

Lease - Expires March 2027 (Centre does not give options)

Business size - 60m2 + Alfresco

Rent excluding G.S.T. - $7,437 per month
Outgoings excluding G.S.T. - $1,300 per month

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

SAV approximately $8,000

Fit-out Completed 2021

Turnover (Approx.) $17,000 per week average under normal circumstances (2 % minimal 3rd Party Delivery)

Trading hours daily 8.00am 5.30pm (Thur 9.00pm)

Staffing Manager +12 Sandwich artists (Varies)

Owners hour - Nil (Currently run under full management)

Reason for selling - Rationalizing

Potential return to a full-time owner operator is in the vicinity of $200,000 EBITDA (based on a $900,000 per annum sales level)

Finance of up to 60% may be available to approved applicants


(Photos are symbolic and not of the actual store)


For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au

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Reg Butler

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Overview

This Franchise Business is one of 147 businesses for sale in Gold Coast, Queensland, and one of 7 Franchise Businesses in this region that a business for sale currently has on offer. This Franchise Business is for sale in Gold Coast for the asking price of $499,000 + SAV and has been marketed for a while and is definitely worth another look as it is sure to be snapped up soon..