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 prominently located in a very major Shopping Centre. the business shares a common seating area with other well-known eateries
FEATURES:
Lease expires November 2028. (this Centre does not provide options)
Size is 33m2
Rent excluding G.S.T. is $7,376 per month
No Outgoings
A security rental bond of approx. $36,000 is required (Not negotiable)
SAV is approx. $8,000
The fit-out should be satisfactory until 2031. Minor upgrades may be required midway
Training is 3 weeks in Brisbane
New 20 year Franchise agreement
Turnover FY 2024 is near $700,000 (NO 3rd Party Deliveries)
Trading Hours are a cruisy:
Mon - Sat 9.00am 4.00pm
Sunday 10.00am - 4.00pm
(Could possibly open slightly longer hours)
Staffing - Supervisor + 7 casuals (varies)
Approximate return to full time Owner / Operator is in the vicinity of $145,000 EBITDA FY2024
Good clean financials
For more information, please contact:
Reg Butler
0438 189 657
(Photos are symbolic)
