aubizbuysell.com.au/105351
Ad ID: 105351

Subway Franchise Business for Sale Gold Coast QLD

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

Christine Corner. Potential 24 Hour Site. Remodelled

Location:
Asking:
$299,000 + SAV

Business for Sale Description

Subway Franchise Business for Sale Gold Coast QLD Asking: $299,000 + SAV

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 with major exposure. The business has been relatively unaffected by Covid 19 trading conditions

Due to the high traffic volume in the vicinity, this is a potential 24 hour trading location (tbc).

Business features include:

Lease - Expires June 2023 with 3 x 5 year options

Rent excluding G.S.T. a modest $3,545 per month

Outgoings excluding G.S.T. - $817 per month approx.

Franchise term - new 20 year agreement

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

Remodel completed

Turnover (Approx.) FY2021 $600,000 (Only 15% 3rd party deliveries)

Trading hours
Generally 7.00am 9.00pm

Staffing Manager + 10 Part-timers (varies)

Owners hour Part time

Reason for selling Retirement

Return to an owner operator is in the vicinity of $150,000 EBITDA (FY2021)

For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au
For more info
Contact: Reg Butler

Reg Butler

0438 189 657
Business Brokers Network Australia
Broker Ref: 14059

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