Business Summary
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 on the Brisbane northside, approx. 24km from the CBD.
It is situated in a major regional shopping precinct amid a hub of activity. The region is expected to significantly expand in coming years.
Business features include:
Lease - Expires March 2027 with 2 x 5 year options
Extremely LOW Rent excluding G.S.T. - $2,975 per month (4.2% of turnover)
Outgoings excluding G.S.T. - Nil
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Remodel was completed in 2019 and right until 2030
Turnover (Approx.) FY2022 $857,000
FY2023 trading approx. 7% up!
Continued growth planned in the immediate vicinity
Trading hours Generally 7.00am 9.00pm (Could extend)
Staffing Manager + 13 Part-timers (varies)
Owners hour - Nil
Reason for selling Downsizing
Return to an owner operator is in the vicinity of $235,000 EBITDA (FY2022)
For more information, please contact:
Reg Butler
0438 189 657
[email protected]
(Image is representational)
Property Details