.
Business Details
Code:
RB640
Business Type:
Subway Franchise
Area:
GC Northern end
Established:
2004
Lease:
Lease - Expires mid 2028 + 2 x 7 year options



Rent (excl GST):
Rent excluding G.S.T. - $4,970 per month

Outgoings excluding G.S.T. - $1,250 approx.
Trading Hours:
generally 6.30am – 8.30pm (Could extend)
No of Staff:
Manager + 15 Sandwich Artists (Varies)
Vendor Hours:
Nil operationally
Approx Turnover(excl GST):
(Approx.) $885,000 FY2021 (Only 11% 3rd Party Deliveries)
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 iconic well established Subway franchise is in an extremely busy hub area boasting
shops, industrial complexes, big box retailers, schools, hospitals – the lot!

Great roadside exposure – adverting in itself!

Hungry permanent work force nearby. This is unlikely to change for years.



Business features include:

Franchise term - new 20 year agreement

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

Remodel – Remodel is due and the owner is prepared to do this within the price, or
discount $100,000 if the new owner wants to undertake the project themselves.

SAV approx. $8,000

Return to a full-time owner operator is in the vicinity of $190,000 EBITDA (Normalized
FY21)

Price is $495,000 + SAV – fully remodelled!
Or $395,000 + SAV – β€œas is” Not remodelled!

Bank finance of up to 60% could be possible to approved applicants

For more information, please contact:

Reg Butler
0438 189 657

reg@brokers.net.au
Asking Price:
$495,000 + SAV
 
For more information, please contact:
Reg Butler on 0438 189 657


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