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Business Details
Code:
RB515
Business Type:
Subway Franchise
Area:
Northside
Established:
2008
Lease:
Very long - Expires 14/01/2021 + 2 x 5 year options
Rent (excl GST):
$4,122 per month + $760 per month Outgoings
Trading Hours:
Mon Fri 7.00am 8.00pm
Sat - Sun 8.00am 8.00pm
No of Staff:
1 full-time manager + 8 casuals (varies)
Vendor Hours:
Minimal operational due to fulltime employment
Approx Turnover(excl GST):
2018/2019 $479,000 (estimate)
2017/2018 $431,539 (adjusted)
2015/2016 $475,487
Reason for Sale: Relocating overseas
      General Information

The sandwich restaurant chain was founded in the USA, in 1965. The company has since
grown
into a multi-billion-dollar business, with more than 40,000 outlets in 100 countries.

There are presently in excess of 1300 restaurants in Australia. Many new franchises are
sold to existing franchisees which is a positive indication of the success of the
franchise model.


The suburb is an inner northern suburb in the City of Brisbane. It is approximately 7
kilometres from the Brisbane CBD. It is considered an upmarket, desirable suburb and has
a
number of heritage-listed sites


The franchisee offered is located on a busy major road on prominent corner position, with
high visibility from two main roads


Business features include:

Business size - 65m2 + Alfresco (2 tables + 7 seats)

Rental Bond - Nil

New Franchisee entry costs - Nil

Franchise term - new 20 year agreement

No prior experience is needed. Full training is provided by the franchisor prior to
settlement

Fit-out - current until Mid 2022

Equipment will be sold unencumbered

Currently run mainly under management, great potential for hands on operator/s.

Return to owner operator is in the vicinity of $114,000 EBITDA profit per year for one
owner working 40 hours per week

Finance - of up to 50% against the business is available to approved applicants

For more information please contact

Reg Butler
0438 189 657
reg@brokers.net.au
Asking Price:
$185,000 + SAV
 
For more information, please contact:
Reg Butler on 0438 189 657


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