Ad ID: 120022 Inactive

Subway Franchise Business for Sale Hervey Bay QLD

Seldom Available, $1.34m Turnover, Long Lease, Low Rent!

$650,000 + SAV

Why buy this Subway Franchise Business

Subway Franchise Business for Sale Hervey Bay QLD Asking: $650,000 + 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 the major shopping centre, key to the region!

Business features include:

Long Lease - Expires December 2025 + 2 x 5 year options

Rent excluding G.S.T. - $5,155 per month

Outgoings excluding G.S.T. - $620 per month (approximately)

Franchise term - new 20 year agreement

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

Remodel partially completed. Outstanding work is floors, walls and furniture

Turnover (Est) FY23 $1,340,000

Trading hours range daily 7.00am 8.00pm (can extend), Was 6.30am - 10.30pm pre Covid ($100k sales)

Staffing Supervisor + 12 Part-timers (varies)

Owners hour - Nil (Currently run under full supervision)

Reason for selling Downsizing / Retirement

Return to an owner operator is in the vicinity of $250,000 EBITDA (FY2023 normalized trade, with benchmarks achieved)

For more information, please contact:

Reg Butler
0438 189 657

[email protected]