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Business Details
Code:
RB570
Business Type:
Subway Franchise
Area:
CBD - 344 Queen St
Established:
2011
Lease:
Until march 2031 (great for borrowing against)
Rent (excl GST):
$10,000 per month
Trading Hours:
Mon - Fri 7.00am – 8.00pm
Saturday 8.00am - 4.00pm
Sunday 9.00am - 3.00pm
(Could extend)
No of Staff:
Manager + 8 casuals (varies)
Staff Hours Per Week:
Vendor Hours:
Nil (Currently run under full management)
Reason for Sale: Consolidating
      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 38,000 outlets in 106
countries.

There are presently in excess of 1,300 restaurants in Australia. Many new franchises are
sold to existing franchisees which is a positive indication of the success of the
franchise model.

Subway 344 Queen Street is conveniently located in the heart of Brisbane’s premier office
precinct, considered as “The Golden Triangle”.

The Subway franchise is located prominently on the ground floor, and is in close proximity
to all public transport options (bus, train and ferry), while also being near the Queen
Street Mall, and Eagle Street Pier.
344 Queen Street is surrounded by numerous amenities and financial institutions,
servicing a massive pedestrian traffic flow, literally walking past the welcoming front
door.

The business is set to benefit with an imminent high rise (26 storey) development (new
construction) next door, which will see 100’s of tradespeople, traditionally with huge
appetites, working on the project.

Business features include:

Business size - 90m2 + Alfresco

Rent excluding G.S.T. - $10,000 per month (great for this key location)
Outgoings excluding G.S.T. - $350 per month

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 - extensively remodelled in 2020 and should be okay until 2030.

SAV approx. $7,000

Turnover (Approx.) $16,500 per week pre Covid-19 and fast returning back to this level.
Projected growth on top of this is considerable with the commencement of the neighbouring
new high-rise construction
Catering turnover is potentially huge to a motivated operator, given the proximity to
10,000's of office workers

Return to an owner operator is in the vicinity of $140,000 EBITDA (based on a $16,000 per
week sales level, with benchmarks achieved)

For more information, please contact:

Reg Butler
0438 189 657
Asking Price:
$325,000 + SAV
 
For more information, please contact:
Reg Butler on 0438 189 657


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