www.aubizbuysell.com.au/107683
Ad ID: 107683

Subway Franchise Business for Sale Brisbane

Enquire about this "Subway Franchise Business for Sale Brisbane" opportunity on aubizbuysell

Outer Northside Brisbane.  Remodelled, Extremely Low Rent, Long Lease until 2037

Location:
Asking:
$725,000 + SAV

Why buy this Subway Franchise Business

Subway Franchise Business for Sale Brisbane Asking: $725,000 + 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 on the Brisbane northside, approx. 24km from the CBD.
It is situated in a major regional shopping precinct amid a hub of activity. The region is expected to significantly expand in coming years.
The business has been relatively unaffected by Covid 19

Business features include:

Lease - Expires March 2027 with 2 x 5 year options

Rent excluding G.S.T. - $2,975 per month

Outgoings excluding G.S.T. - Nil

Franchise term - new 20 year agreement

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

Remodel was completed in 2019

Turnover (Approx.) FY2022 $840,000

Trading hours Generally 7.00am 9.00pm (Could extend)

Staffing Manager + 13 Part-timers (varies)

Owners hour - Nil

Reason for selling Downsizing

Return to an owner operator is in the vicinity of $232,000 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: 15068

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