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Business Details
Code:
RB555
Business Type:
Subway Franchise
Area:
Gold Coast -Southern
Established:
15 years
Lease:
Until November 2021 + 3 year Option
Rent (excl GST):
$3,288 per month
Trading Hours:
Generally 6.30am 7.30pm
No of Staff:
6 casuals
Vendor Hours:
1 x Fulltime
1 x Part-time (occasionally)
Paid as worked!
Approx Turnover(excl GST):
$430,000 (FY2019)
Reason for Sale: Other significant business interests
      General Information

Subway sandwich restaurant chain was founded in the USA, in 1965. The company has since
grown into a multi-billion-dollar business, with approximately 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.

This business is located towards the southern end of the Gold Coast, in a prominent
location with great exposure and ample parking.


Business features include:

Business size - 61m2 + Alfresco (5 tables and 10 chairs)

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 - due (Cost approximately $60,000) Owner is willing to do it prior to settlement
with the cost added to the asking price)

Equipment will be sold unencumbered

SAV is approximately $4,000

Return to owner operator is in the vicinity of $80,000 EBITDA profit per year for one
owner working 40 hours per week

Price is $69,000 without remodel or $129,000 re-modelled

For more information, please contact:

Reg Butler
0438 189 657
Asking Price:
$69,000 + SAV
 
For more information, please contact:
Reg Butler on 0438 189 657


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