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 the major shopping centre, key to the region!
Business features include:
Long Lease - Expires December 2025 + 2 x 5 year options
Rent excluding G.S.T. - $4,960 per month
Outgoings excluding G.S.T. - $600 per month
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Remodelled prior to settlement
Turnover (Approx.) FY22 $1,246,000 (operating on reduced hours during Covid)
Trading hours range daily 7.00am 8.00pm (can extend)
Staffing Supervisor + 12 Part-timers (varies)
Owners hour - Nil (Currently run under full supervision)
Reason for selling Downsizing / Retirement
Return to an owner operator is in the vicinity of $200,000 EBITDA (FY2022 normalized trade, with benchmarks achieved)
For more information, please contact:
Reg Butler
0438 189 657
[email protected]
Property Details