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Business Details
Code:
SUB3124
Business Type:
Subway Franchise
Area:
Southport area
Established:
1998
Lease:
Expires September 2027 with a 7 year option
Rent (excl GST):
$4,456 per month

Outgoings $1,820 per month approx.
Trading Hours:
Generally 7.00am – 9.00pm
No of Staff:
Manager + 13 Part-timers (varies)
Vendor Hours:
Nil (unless required)
Approx Turnover(excl GST):
FY2022 $1,063,000
Reason for Sale: Downsizing
      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 affluent Gold Coast neighborhood

Great for tradies who can conveniently “stop, grab and go”.

The business has not been affected by Covid 19

Franchise term - new 20 year agreement

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

Remodel is included in the price

SAV is approx. $10,000

Return to an owner operator is in the vicinity of $226,000 EBITDA (FY2022)

Finance of up to 60% against the business may be available to approved applicants

Price is $675,000 + SAV remodelled
Or $595,000 + SAV unremodelled

For more information, please contact:

Reg Butler
0438 189 657

reg@brokers.net.au
Asking Price:
$675,000 + SAV
 
For more information, please contact:
Reg Butler on 0438 189 657


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