Business Summary

This Subway franchise is located in a well-known popular regional shopping Centre

Long lease to June 2028 + 2 x 7 year options

Rent is $6,700 per month including outgoings

Rental Bond / Guarantee - 3 Month's Rent

Business Established in 2004

Due for remodel - Quote is $130,000 - $175,000 tbc

New 20 year Franchise Term

Turnover (Approx.) FY2022 $715,000. Reduced trading hours and capable of $20,000 per week with the right operator

Trading Hours - Generally 6.30 - 8.30pm

Potential return to an owner operator was approximately $190,000 (FY 2021) with control of costs

SAV approximately $8,000

Franchise transfer fee is $8,250 - payable by buyer in this instance

Potential buyers will also need to demonstrate to the franchisor that they have $25,000 initial working capital

Business is suitable to a full-time working owner/operator


Reason for selling Owner just wants to move on with another opportunity ASAP!


Conditions
Only suited to an owner who is prepared to work in the business (No investors please)
Must live on the Gold Coast or within 30 minutes travel time to the Southport area
Not suitable for 491 visa purposes
New owner will need to complete the remodel in 2023
Buyer must move quickly with the franchisors transfer time requirements


If this is for you, please contact:

Reg Butler
0438 189 657

Property Details