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Business Details
Code:
RB314
Business Type:
Sub Franchise
Area:
Coolangatta
Established:
1999
Lease:
New 5 year lease with 5 year option
Rent (excl GST):
$4583 per month + $600 outgoings
Trading Hours:
Sun - Thur 7.00am - 7.30pm
Fri - Sat 7.00am - 8.00pm
No of Staff:
2 part-time owners + 8 casuals
Vendor Hours:
Paid as worked
Approx Turnover(excl GST):
FY 2018 is estimated to be almost $530,000
Reason for Sale: Other business interests
      General Information

The Franchisor is one of the world's most recognized sandwich franchise brands with
approximately 1,300 stores in Australia

The Franchise offered is situated on a busy, well frequented shopping street, amid numerous
towering high-rises. The store has great roadside visibility, with an appealing alfresco
seating area in front.

The landlord is offering a new lease which will become effective at the time of takeover.
Proposed is:
5-year lease + 5 years option
Rent excluding G.S.T. of $4,583 per month
Outgoings excluding G.S.T.of $600 per month
4% Annual increases
No rental bond, conditional that the franchisor holds the head lease (normal situation)

Owners hours are paid as worked, like all other staff members

SAV approximate $5,000

Potential return to Owner Operator is $105,000 EBITDA

For more information, please contact:

Reg Butler
0438 189 657
reg@brokers.net.au



Coolangatta is the southernmost suburb of City of Gold Coast. At the 2011 Australian Census,
the suburb recorded a population of 5,193.

Coolangatta and its immediate neighbouring "Twin Town" Tweed Heads in New South Wales have a
shared economy.

The Gold Coast Airport, formerly known as Coolangatta Airport, is located at Coolangatta, with
some of the runway going across the border into New South Wales.



Asking Price:
$99,000 + SAV
 
For more information, please contact:
Reg Butler on 0438 189 657


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