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Business Details
Code:
RB580
Business Type:
Subway Franchise
Area:
Ayr
Established:
2002
Lease:
expires 31/08/22 with a 5 year option
Rent (excl GST):
$1,913 per month including outgoings
Trading Hours:
(Mon – Thur) 8.00am – 7.30pm
(Friday) 8.00am – 8.00pm
(Sat - Sun) 9.00am – 7.30pm
No of Staff:
1 full-time supervisor + 11 casuals (varies)
Vendor Hours:
full-time owner
Approx Turnover(excl GST):
Annual Turnover is estimated to be $820,000 for FY2021
Reason for Sale: Owners relocating
      General Information

Ayr is located 88 km south of Townsville on the Bruce Highway and 12km away from the
(smaller) town of Home Hill. Ayr has a population of approximately 8,000.

It is within the Burdekin Shire, which produces the most sugar cane per square kilometre
in Australia utilizing underground water supplies and water from the Burdekin Dam to
irrigate crops when rains fall.

The Subway sandwich restaurant chain was founded in the USA, in 1965. The company has
since grown into a multi-billion dollar business, with more than 36,000 outlets in 100
countries. Wherever the restaurants are located, the basic menu stays almost the same.

The first restaurant opened in Australia during 1988. Australia is the group’s largest
market outside North America, with more locations than any other chain.

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 Ayr Subway outlet is prominently located on the major highway, with plenty of grab
and
go parking. Excellent for passing travellers and tradies.

OTHER FEATURES INCLUDE:

Size is 142m2 + alfresco seating

Training 3 weeks in Brisbane

New 20 year Franchise agreement

Fit-out is due and expected to cost in the vicinity of $80,000

Approximate return to full time Owner / Operator is in the vicinity of $155,000 (FY2020)
EBITDA. The return could be potentially much higher in FY2021 based on current trade.

For more information, please contact:

Reg Butler
0438 189 657

reg@brokers.net.au
Asking Price:
$390,000 + SAV
 
For more information, please contact:
Reg Butler on 0438189657


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