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 36,000 outlets in 100 countries. Wherever the restaurants are located, the basic menu stays almost the same.
The first restaurant opened in Australia during 1988. Australia is the group's largest market outside North America, with more locations than any other chain.
There are presently in excess of 1300 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 well known in Townsville
FEATURES:
Lease expires 2031 + 4 x 5 year options EXCELLENT!!!
Rent excluding G.S.T. is $3782 per month EXCELLENT!!!
Outgoings excluding G.S.T. is $721 per month
No security rental bond required
SAV is approx. $12,000
The remodel needs to be done ASAP after takeover. (Approx cost $185k - $245k)
Training is 3 weeks in Brisbane
New 20 year Franchise agreement
Turnover FY 2024 is near $1,500,000 (25% 3rd Party Deliveries)
Approximate return to full time Owner / Operator is in the vicinity of $400,000
Good clean financials
Price is $750,000 "AS IS" (Unremodelled) + SAV
For more information, please contact:
Reg Butler
0438 189 657
(Photos are symbolic)
