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Business Details
Code:
RB595
Business Type:
Subway Franchise
Area:
Cairns
Established:
Many years
Lease:
Expires 2024 with 2 x 5 year options
Rent (excl GST):
Rent excluding G.S.T. - $2,982 per month

Outgoings excluding G.S.T. - $670 approx
Trading Hours:
generally 7.00am 9.00pm
No of Staff:
2 Full-time + 10 Sandwich Artists (Varies)
Vendor Hours:
Nil
Approx Turnover(excl GST):
(Approx.) $1,000,000
Reason for Sale: Retirement
      General Information

Cairns is a city in Queensland, on the east coast of Far North Queensland. The city is the
5th-most-populous in Queensland, and 14th in Australia.

Cairns was formed to serve miners heading for the Hodgkinson River goldfield, but declined
when an easier route was discovered from Port Douglas. It later developed into a railhead
and major port for exporting sugar cane, gold, minerals and agricultural products from
surrounding coastal areas and the Atherton Tableland.

The population in June 2019 was 154,000. Cairns is a popular tourist destination because
of its tropical climate and access to tropical rainforest and the Great Barrier Reef, one
of the seven natural wonders of the world.

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.

This Subway franchise is located in an extremely attractive location which is a hub for
the residents and tourists in the region.


Business features include:

Business size - 76m2

Franchise term - new 20 year agreement

No prior experience is needed. Full training is provided by the franchisor prior to
settlement

Remodel The store will be fully remodeled within the asking price

Return to a full-time owner operator is in the vicinity of $190,000 EBITDA


For more information, please contact:

Reg Butler
0438 189 657
Asking Price:
$599,000 + SAV
 
For more information, please contact:
Reg Butler on 0438189657


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