Ad ID: 101543

Subway Business for Sale Gold Coast QLD

Enquire about this "Subway Business for Sale Gold Coast QLD" opportunity on aubizbuysell

Subway - Gold Coast, Extensively Remodelled! Only asking $99,000 + SAV. Bargain!!!

Location:
Asking:
$99,000 + SAV

Business for Sale Description

Subway Business for Sale Gold Coast QLD Asking: $99,000 + SAV

The sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion-dollar business, with more than 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 suburb has many mid - high-rise apartment buildings.

The franchise offered is located in a very busy, well known shopping centre.

(N.B. This business is only suitable for citizens of Australia or New Zealand, or Permanent Residents only)


Business features include:

Lease expires March 2024. This centre does not give options!

Business size - 57m2

Rent excluding G.S.T. - $6,855 + $855 outgoings + $353 promotions levy per month

Bank Guarantee - 3 months rent and outgoings

Business well established and known in the area

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

Fully Remodeled in 2020

Equipment will be sold unencumbered

Annual Turnover for FY2019 was approximately $520,000
Expected Turnover FY2021 is approximately $550,000

Trading hours
Mon - Sat 9.00am 5.00pm (Thurs 8.00pm)
Sunday 10.00 - 4.00pm

Staffing - Part-timers + 7 casuals (varies)

Currently run under supervision, great potential for hands on operator/s.

Reason for selling - Scaling down / relocating

Return to owner operator is in the vicinity of $100,000 EBITDA FY2019

Asking price was $125,000. Now $99,000 + SAV ($5,000 estimated)

Prefer CASH buyer!


For more information, please contact:


Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au

Interested In This Opportunity?

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For more info
Contact: Reg Butler

Reg Butler

0438 189 657
Business Brokers Network Australia
Broker Ref: 12254

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