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Business Details
Code:
RB522
Business Type:
Subway Franchise
Area:
Surfers Paradise are
Established:
2002
Lease:
Expires August 2020 + 2 x 6 year options
Rent (excl GST):
$5,900 per month from 1/9/2020
Trading Hours:
Daily 7.00am 9.00pm (Could extend)
No of Staff:
1 full-time manager + 10 part-timer (varies)
Vendor Hours:
Paid if worked
Approx Turnover(excl GST):
2019/2020 $675,000 (estimate)
Reason for Sale: Other interests within the group
      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.


Surfers Paradise is a coastal suburb on the with a permanent population of approximately
20,000. The suburb has many high-rise apartment buildings and a wide surf beach. The
feature of the heart of the suburb is Cavill Mall, which runs through the shopping and
entertainment precinct. Cavill Avenue is one of the busiest shopping strips in Queensland,
and the centre of activity for night life.
Surfers Paradise is the Gold Coast's entertainment and tourism centre and the suburb's
high-rise buildings are the best known feature of the city's skyline.


The franchise offered is located in the thick of the action.


Business features include:

Business size - 50m2 + Alfresco tables + seats

Outgoings excluding G.S.T. - $160 per month

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 - new! Extensively remodelled mid 2019

Equipment will be sold unencumbered

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

Return to owner operator is in the vicinity of $175,000 EBITDA (FY2020 estimate)


For more information, please contact:


Reg Butler
0438 189 657
Asking Price:
$ 395,000 + SAV (6k)
 
For more information, please contact:
Reg Butler on 0438 189 657


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