Approx Turnover(excl GST): |
2020 July - Dec $400,200 (6 months)
2019/2020 $650,000
Good growth, showing annual increases |
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.
The suburb is approximately 7 kilometres from the Brisbane CBD, and considered an upmarket, desirable suburb, surrounded by well established housing estates
The franchisee offered is located on a busy major thoroughfare road, in a high trading shopping centre, amid other drawcard tenants.
Business features include:
Business size - 70m2 + Alfresco
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
Seller is prepared to remodel the store prior to settlement, and add the $30,000 expected cost onto the asking price. Equipment will be sold unencumbered
SAV - $7,000 estimated
Return to owner operator is in the vicinity of $180,000 EBITDA
Asking price: $555,000 + SAV - as is! $585,000 + SAV - Remodelled!
For more information, please contact:
Reg Butler 0438 189 657
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