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Business Details
Code:
SUB3134
Business Type:
Subway Franchise
Area:
Mt Gravatt area
Established:
20 years
Lease:
Expires October 2023 with a 5 year new lease now being
negotiated

Rent (excl GST):
$4,834 per month

Outgoings $800 per month approx.
Trading Hours:
Generally 8.00am – 9.00pm (can extend)
No of Staff:
Supervisor + 14 casuals (varies)
Vendor Hours:
Nil
Approx Turnover(excl GST):
(Approx.) FY2023 $720,000 (Only 18% 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 Subway franchise is located in a small shopping centre on a very major road. There
are numerous tenancies in the complex and a magnet to the region

Other information:

3.5% annual increase in rent

Franchise term - new 20 year agreement

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

Remodel is due. (The price will be discounted if a buyer is prepared to take on the
project themself)

Return to an owner operator is in the vicinity of $160,000 EBITDA (FY2022)

Price is $399,000 + SAV remodelled. Or $250,000 + SAV "AS IS!"

For more information, please contact:

Reg Butler
0438 189 657

reg@brokers.net.au

(if you don't receive a timely reply (say 1 working day), please contact the agent direct
on the above contact numbers)
Asking Price:
$399,000 + SAV
 
For more information, please contact:
Reg Butler on 0438 189 657


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