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 August 2026 + 2 x 5 year options
Business size 181m2 + Alfresco seating
Rent excluding G.S.T. - $3,588 per month
Outgoings excluding $902 per month
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Remodel The restaurant has been fully remodelled
Turnover (Approx.) $504,000 FY2024 (LOW 10% 3rd party deliveries)
Trading hours Monday - Friday 7.00am 4.30pm
Staffing Manager + 4 casual Sandwich Artists (Varies)
Owner's hours Paid as worked (Approx 15 hours per week)
Reason for selling Young family
Return to a full-time owner operator is in the vicinity of $140,000 EBITDA (FY2024)
For more information, please contact:
Reg Butler
0438 189 657
reg.b@businessbrokersnetwork.com.au
