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Listing Id: 34450 Last Refreshed: 01/12/2024 Total Views: 1 Broker Ref: 23218

Subway Franchise - Brisbane - Ipswich Corridor! $160k Return To Owner/Operator! Lease To 2033

Brisbane, QueenslandTake Aways
Asking Price: $350,000
Business For Takeover
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Overview

  • Premise Type N/A
  • Premise Size N/A
  • Monthly Rental N/A
  • Rental Desposit N/A
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role N/A
  • Staff N/A
  • Established N/A
  • Source Broker

Reason For Sale

NA

Description

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 20 km south of the Brisbane CBD in a small suburban shopping centre.

Some business features include:

Lease - Expires November 2028 + 5 year option

Rent - $4,311.69 per month + Outgoings of $850 approx. excluding G.S.T.

Business size is 72m2 with a large 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 require to be remodelled. Price vicinity $120 - $160k tbc

Turnover is $778,000 (FY2023) with 20% 3rd Party Deliveries!

Trading hours are
Mon - Fri 9.00am - 9.00pm
Sat - Sun 8.00am - 8.00pm

Staffing is currently a Supervisor + 9 Sandwich Artists

Owner's hours Nil

Reason for selling To focus on young family

Return to a full-time owner operator is expected to be in the vicinity of $150,000 EBITDA (FY2023)

Finance of up to 60% could be available to approved applicants

Price is $350,000 + SAV UN-REMODELLED!

For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au
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