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Business Details
Code:
RB593
Business Type:
Subway Franchise
Area:
Eastern Suburbs
Established:
2002
Lease:
Expires late 2024 (Centre does not grant options)
Rent (excl GST):
$5,156 per month

Outgoings $570 per month approx
Trading Hours:
Generally 7.00am - 9.00pm
No of Staff:
Manager + 12 Sandwich Artists (Varies)
Vendor Hours:
Nil
Approx Turnover(excl GST):
$720,000 FY2021 estimate
Reason for Sale: Retirement
      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.


This Subway franchise is located in an extremely popular suburban shopping centre which is
a hub for the residents in the region. Approval has been granted to proceed with a massive
redevelopment, which will take years to complete. This means mobs of hungry tradies
literally at your doorstep!

Business features include:

Business size - 74m2 + some alfresco

New Franchisee entry costs - $7,500 + GST

Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to
settlement

Remodel The store may be relocated within the complex during the redevelopment of the
centre. Choice of new location negotiable with landlord or can remain in existing
location. Landlord contribution can be expected.

Return to a full-time owner operator is in the vicinity of $135,000 EBITDA

Bank finance of up to 60% could be possible to approved applicants
Vendor Finance may be available to selected purchasers (e.g. individuals with a Subway
experience track record)

For more information, please contact:

Reg Butler
0438 189 657


Asking Price:
$365,000 + SAV
 
For more information, please contact:
Reg Butler on 0438189657


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