Ad ID: 100303 Inactive
Subway Business for Sale Gold Coast QLDEnquire about this "Subway Business for Sale Gold Coast QLD" opportunity on aubizbuysell
Subway - Gold Coast Southside! Low rent! Under offer!
Business for Sale Description
Subway Business for Sale Gold Coast QLD Asking: $69,000 + SAVSubway sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion-dollar business, with approximately 40,000 outlets in 100 countries.
There are presently in excess of 1300 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.
This business is located towards the southern end of the Gold Coast, in a prominent location with great exposure and ample parking.
Business features include:
Lease - Expires November 2021 + 3 year option
Business size - 61m2 + Alfresco (5 tables and 10 chairs)
Rent excluding G.S.T. - $3,488 per month
Outgoings excluding G.S.T. - Nil
Rental Bond - Nil
Business well established - 15 years
New Franchisee entry costs - $7,500 + GST
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Fit-out - due (The responsibility of the new franchisee)
Equipment will be sold unencumbered
Annual Turnover (Approx.) $430,000 FY2019
SAV is approximately $4,000
Trading hours - Generally 6.30am 7.30pm
Staffing - Owners + 6 casuals (varies)
Reason for selling - Other business Interests
Return to owner operator is in the vicinity of $80,000 EBITDA profit per year for one owner working 40 hours per week
Suitable for Australian and NZ citizens and PERMANENT Visa holders
Price is $69,000 + transfer fee (NON-NEGOTIABLE)
Genuine enquiries only!
For more information, please contact:
0438 189 657