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Business Details
Code:
RB633
Business Type:
Subway Franchise
Area:
GC Varsity Lakes
Established:
2008
Lease:
Expires July 2023 + 5 year option
Rent (excl GST):
$5,206 per month

Outgoings $104 approx. Signage!
Trading Hours:
generally 7.00am - 9.00pm
No of Staff:
Manager + 10 Sandwich Artists (Varies)
Vendor Hours:
Paid as worked
Approx Turnover(excl GST):
(Approx.) $560,026 (10% 3rd Party Deliveries)
Reason for Sale: Retirement
      General Information

Subway franchise - Varsity Lakes Gold Coast! Great entry store! Nice area!

About the Business
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.

Varsity Lakes is a suburb of the City of Gold Coast. The 2011 census reported a population
of 14,366 for the area.

Subway Varsity Lakes is situated in the popular Market Square, which offers a range of
retail to the Varsity Lakes community. Major chains such as Night Owl and IGA are all
located in the complex. Market Square also offers banks, beauty salons, bottle shops,
chemists, dental care, gyms, real estates, restaurants and taverns.

Bond University is situated close by.


Business size - 80m2 + Alfresco

SAV approximate $6,000

Franchise term - new 20 year agreement

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

The store is due to be remodelled (Owners estimated cost $50,000)

Return to a full-time owner operator EBITDA is in the vicinity of $110,000 with control of
costs (FY2021)


For more information, please contact:

Reg Butler
0438 189 657

reg@brokers.net.au
Asking Price:
$260,000 + SAV
 
For more information, please contact:
Reg Butler on 0438 189 657


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