www.aubizbuysell.com.au/109475
Ad ID: 109475

Subway Franchise Business for Sale Gold Coast QLD

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

 Robina Area. Remodelled! Low Rent, Long Lease, Growth Potential

Location:
Asking:
$230,000 + SAV

Why buy this Subway Franchise Business

Subway Franchise Business for Sale Gold Coast QLD Asking: $230,000 + 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.

The Subway franchise is located in a strong regional shopping centre with major road access. Imminent growth potential!

Business features include:

Lease - Expires July 2025 + 3 x 5 year options

Business size - 72m2 + Alfresco

Rent excluding G.S.T. - $3,240 per month

Outgoings excluding G.S.T. - Nil

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

Fit-out - extensively remodelled in 2020 and should be okay until 2030

Turnover (Approx.) FY22 $670,000 estimate

Trading hours Daily 7.00am 9.00pm

Staffing Mixture of 12 part-timers and casuals (varies)

Owners hour - Nil (Multistore owner - Currently run under full management)

Reason for selling - Rationalizing

Bank Finance of up to 60% against the business may be possible to approved applicants

Return to an owner operator is in the vicinity of $125,000 EBITDA

For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au

Please note - this business is not suitable for 491 Visa purposes. New franchisees are expected to be committed owner operators.

(Photo is symbolic)
For more info
Contact: Reg Butler

Reg Butler

0438 189 657
Business Brokers Network Australia
Broker Ref: 16009

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