Restaurant business for sale in Darwin - Greater Area NT
- Darwin - Greater Area NT
- $599,000 + SAV
Subway Franchise, Darwin, Rarely available, Extremely Long Lease until 2043, Growth 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.
Business features include:
Lease - Expires January 2028 with 3 x 5 year options
Rent excluding G.S.T. - $8,579 per month
Outgoings excluding G.S.T. - $59 per month
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Turnover (Approx.) FY2021 $950,000
Trading hours Generally 7.00am 9.00pm (Could extend)
Staffing Manager, Asst Manager + 13 Part-timers (varies)
Owners hours - Nil
Reason for selling Downsizing
Return to an owner operator is in the vicinity of $200,000 EBITDA (FY2021)
For more information, please contact:
0438 189 657