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Restaurant business for sale in Redcliffe

  • Restaurant
  • Redcliffe QLD 4020
  • $290,000 + SAV

Subway Franchise, Brisbane Redcliffe region, Recent 35% growth, Captive area!

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.

Redcliffe Peninsula is approximately 27 km NE from the Brisbane CBD and is home to over 55,000 residents.

The area covers the suburbs of Clontarf, Kippa-Ring, Margate, Newport, Redcliffe, Rothwell, Scarborough and Woody Point.

As a result of its beaches as well as its coastal, fishing and recreational amenities, the Redcliffe Peninsula is a popular recreational destination within the Brisbane metropolitan area.

This Subway franchise is located in a popular suburban shopping centre which is a hub for the residents on the peninsular.

Business features include:

Lease - Expires late 2023 (Landlord has verbally indicated that a 5 year extension is possible)

Business size - 58m2 + Alfresco

Rent excluding G.S.T. - $5,934 per month

Outgoings excluding G.S.T. - $760 approx

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

Fitout -remodel Store has commenced the remodel. Approx $50,000 of work remains.

Turnover (Approx.) $17,000 per week

Trading hours generally 7.00am 9.30pm

Staffing 12 Sandwich artists

Owners hour Part-time (25 hours)

Reason for selling Other interests

Return to a full-time owner operator is in the vicinity of $160,000 EBITDA (based on a $17,000 per week sales level, with benchmarks being achieved)

For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au

Reg Butler
Business Brokers Network Australia
Reg Butler
Business Brokers Network Australia

Business Highlights

Business ID2016898158
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Last updated  29 Mar 2021
Map for Redcliffe QLD 4020
Map for Redcliffe QLD 4020Redcliffe QLD 4020
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Reg Butler
Business Brokers Network Australia
Reg Butler
Business Brokers Network Australia

Business Highlights

Business ID2016898158
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  29 Mar 2021
Business Brokers Network Australia
Unit 8/747 Fairfield Rd Yeerongpilly QLD 4105
Reg Butler
Business Brokers Network Australia
Reg Butler
Business Brokers Network Australia

Ask Reg Butler about this business

Reg Butler

Reg Butler

Business Brokers Network Australia

Call Broker
0438 189 657
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