Ad ID: 100254 Inactive
Subway Franchise Business for Sale BrisbaneEnquire about this "Subway Franchise Business for Sale Brisbane" opportunity on aubizbuysell
Subway Franchise, Brisbane Redcliffe region, Recent 35% growth, Captive area!
Business for Sale Description
Subway Franchise Business for Sale Brisbane Asking: $290,000 + SAVSubway 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.
Redcliffe Peninsula is approximately 27 km NE from the Brisbane CBD and is home to over 55,000 residents.
The area covers the suburbs of Clontarf, Kippa-Ring, Margate, Newport, Redcliffe, Rothwell, Scarborough and Woody Point.
As a result of its beaches as well as its coastal, fishing and recreational amenities, the Redcliffe Peninsula is a popular recreational destination within the Brisbane metropolitan area.
This Subway franchise is located in a popular suburban shopping centre which is a hub for the residents on the peninsular.
Business features include:
Lease - Expires late 2023 (Landlord has verbally indicated that a 5 year extension is possible)
Business size - 58m2 + Alfresco
Rent excluding G.S.T. - $5,934 per month
Outgoings excluding G.S.T. - $760 approx
New Franchisee entry costs - Nil
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Fitout -remodel Store has commenced the remodel. Approx $50,000 of work remains.
Turnover (Approx.) $17,000 per week
Trading hours generally 7.00am 9.30pm
Staffing 12 Sandwich artists
Owners hour Part-time (25 hours)
Reason for selling Other interests
Return to a full-time owner operator is in the vicinity of $160,000 EBITDA (based on a $17,000 per week sales level, with benchmarks being achieved)
For more information, please contact:
0438 189 657