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 a small regional shopping centre, located on the main street, in the thick of the action. Great visibility!
Business features include:
Long Lease - Expires June 2024 + 2 x 5 year options
Rent excluding G.S.T. - $3,870 per month
Outgoings excluding G.S.T. - $43 per month
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Store has just been completely rebuilt, and includes new refrigeration and ovens
Turnover (Approx.) FY21 $685,000 (operating on reduced hours and closed Sundays for most of the year)
Trading hours range daily 7.30am 8.00pm
Staffing Manager + 9 casuals (varies)
Owners hour - Nil (Currently run under full management)
SAV approx. $7,000
Reason for selling Downsizing / Semi-retirement
Return to an owner operator is in the vicinity of $125,000 EBITDA (FY2021 normalized trade, with benchmarks achieved)
For more information, please contact:
Reg Butler
0438 189 657
[email protected]
(Photo is symbolic)
Gympie is a city about 170 kilometres north of Brisbane in the Wide Bay-Burnett District. It has a population of 21,000.
Gympie is famous for its gold fields.
About 30 minutes' drive east of Gympie is Tin Can Bay. Noosa on the Sunshine Coast is 45 minutes drive
Property Details