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
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