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
This Subway franchise is located in approximately 11 km southwest of the Brisbane CBD in a small suburban shopping centre.
Some business features include:
Lease - Expires April 2024 + 2 x 5 year options
Rent - $4,241 per month + Outgoings of $575 approx. excluding G.S.T.
Business size is 60m2 with an outdoor seating area
Franchise term is a new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
The restaurant will be remodelled at settlement
Turnover is $756,000 (FY2023) with 16% 3rd Party Deliveries!
The restaurant is trading approx 9% up at the time of posting
SAV (Stock At Value) is approximately $10,000
Trading hours are
Mon - Fri 8.00am - 9.00pm
Sat - Sun 9.00am - 9.00pm range
Staffing is currently a Supervisor + 9 Sandwich Artists (varies)
Owner's hours Nil
Reason for selling Retirement
Return to a full-time owner operator is in the vicinity of $180,000 EBITDA (FY2023)
Finance of up to 60% could be available to approved applicants.
For more information, please contact:
Reg Butler
0438 189 657
reg.b@businessbrokersnetwork.com.au
