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)
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