Queensland

Sub Sandwich franchise - Southport! Motivated Seller! Nice Gold Coast location!

For Sale | $325,000 + SAV

Franchise Retailer Takeaway Food

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 40,000 outlets in 100 countries.

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.


Southport is a coastal suburb and the central business district near the midpoint of Gold Coast, and has one of the city's largest communities. As of the 2016 Census, Southport had a population of 31,908.

In the past, Southport was the central entertainment location of the Gold Coast. In current times it is set apart from the normal tourist hub of the Gold Coast. However, it has still experienced tourist-driven development and extraordinary growth. Southport has 18 high-rise towers either completed, under construction or awaiting commencement.


The sandwich franchise offered for sale is situated in a modern, well frequented shopping centre, with great roadside traffic flow visibility, and plenty of pedestrian traffic. The store trades well into the night, given the ease of access and demographics.

Customers include, locals, tradees, schools, passing traffic.

This location, due to the surrounding enterprises and captive traffic flow, will remain popular for years to come.


Features include:

Lease
Expires April 2022 + 3 year option

Business Size
53m2

Rent excluding G.S.T.
$3,990 per month

Outgoings excluding G.S.T.
$340 per month + GST

Annual Increases
CPI / 5%

Rental Bond / Guarantee
3 months rent

Business Established
2003

Franchise Term
New 20 year agreement

Fit out
Remodelled in 2016. Should be okay until 2023 (TBC)

TURNOVER (Approx.)
FY 2019 $643,000

Trading Hours
Mon - Fri 7.00am 9.00pm
Sat - Sun 8.00am - 9.00pm

Staffing levels
13 casuals (varies)

Owners Hours
Approx 20 hours per week

Approx. return to Owner Operators
$135,000 EBITDA



For more information, please contact:

Reg Butler
0438 189 657

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Reg Butler

Business Brokers Network

Overview

This Franchise Business is one of 105 businesses for sale in Gold Coast, 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 Gold Coast for the asking price of $325,000 + SAV and is new to the market.