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 a prominent fast food shopping hub! Many of the surrounding tenants operate 24 hours a day.
Business features include:
No rental bond
Business size - 53m2 + Alfresco
New Franchisee entry costs - Nil
Franchise term - new 20 year agreement
SAV approximately $8,000
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Remodel due (optional pricing should you like to do this yourself
Return to an owner operator is in the vicinity of $173,000 EBITDA (FY2022) (Could be higher than this for FY 2023)
Bank Finance of up to 60% against the business may be possible to approved applicants
Price is $475,000 + SAV Fully remodelled
or
$399,000 + SAV "AS IS"
For more information, please contact:
Reg Butler 0438 189 657
reg@brokers.net.au
|