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Business Details
Code:
SUB114
Business Type:
Subway Franchise
Area:
Victoria Point
Established:
2009
Lease:
expires 16th August 2023. This centre does not give options.

The franchisor currently carries the head lease and there is
usually not an issue renewing.
Rent (excl GST):
$5,023 per month + $295 per month outgoings
Trading Hours:
Mon - Fri 8.00am - 5.00pm (Thurs 8.30pm)
Saturday 8.00am - 4.30pm
Sunday 9.00am - 3.30pm
Vendor Hours:
Nil - multistore owner
Approx Turnover(excl GST):
Turnover (Approx.) FY 2019 $350,000
Reason for Sale: Too small to bother with!
      General Information

The sandwich restaurant chain was founded in the USA, in 1965.

The company has since grown into a multi-billion-dollar business, with more than 40,000
outlets in 100 countries.

This Subway kiosk is located conveniently outside of Woolworths in the main through-fare.
There is also a small, dedicated eating area.

Other information

Rental Bond / Guarantee - 2 Months

Remodel due in line with the lease (tbc). Signage will need to be done soon, cost approx.
$12,000.

New 20 year Franchise Term

SAV approximately $4,000

Return to an owner operator before wages was approximately $120,000. (FY 2019) Buyer will
need to determine their own staffing requirements

The business needs a committed owner operator (Not suitable for non-residents)

ASKING PRICE is $27,500 and includes the $8,250 franchisor transfer fee

Potential buyers will also need to demonstrate to the franchisor that they have $20,000
initial working capital

The business is suitable to a full-time working owner/operator/s with VERY minimal
staffing requirements

Limited financial data. More suited to a cash buyer.


If this is for you, please contact:


Reg Butler
0438 189 657


Victoria Point Shopping Centre is located on the corner of Bunker & Cleveland-Redland Bay
Roads, Victoria Point. It has 1,332 Parking Spaces and 99 Specialty Shops

Major Tenants include K Mart, Coles, Woolworths. Mini-Major Tenants include Best & Less,
Terry White Chemists, The Reject Shop.

The centre also houses Australia Post and many bank branches.

Asking Price:
$27,500 + SAV
 
For more information, please contact:
Reg Butler on 0438 189 657


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