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 in an affluent Gold Coast neighborhood
Great for tradies who can conveniently "stop, grab and go".
The business has been relatively unaffected by Covid 19
Business features include:
Lease - Expires September 2027 with a 7 year option
Rent excluding G.S.T. - $4,456 per month
Outgoings excluding G.S.T. - $1,820 per month approx.
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Remodel needs to be done. Cost approx. $60,000 - $70,000 (tbc)
Turnover (Approx.) FY2022 $1,063,000
SAV is approx. $10,000
Trading hours Generally 7.00am 9.00pm
Staffing Manager + 13 Part-timers (varies)
Owner's hour Nil (unless required)
Reason for selling Downsizing
Return to an owner operator is in the vicinity of $226,000 EBITDA (FY2022)
Finance of up to 60% against the business may be available to approved applicants
Price is $595,000 + SAV unremodelled
Or $675,000 + SAV remodelled
For more information, please contact:
Reg Butler
0438 189 657
[email protected]
Property Details