Ad ID: 120720

Subway Franchise Business for Sale Ipswich QLD

Brisbane - Ipswich Corridor! $160k Return To Owner/Operator!

$350,000 + SAV

Why buy this Subway Franchise Business

Subway Franchise Business for Sale Ipswich QLD Asking: $350,000 + 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 approximately 20 km south of the Brisbane CBD in a small suburban shopping centre.

Some business features include:

Lease - Expires July 2027

Rent - $4,166 per month + Outgoings of $833 approx. excluding G.S.T.

Business size is 72m2 with a large outdoor seating area

Franchise term is a new 20 year agreement

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

The restaurant will require to be remodelled. Price vicinity $100 - $130k tbc

Turnover is $778,000 (FY2023) with 20% 3rd Party Deliveries!

Trading hours are
Mon - Fri 9.00am - 9.00pm
Sat - Sun 8.00am - 8.00pm

Staffing is currently a Supervisor + 9 Sandwich Artists

Owner's hours Nil

Reason for selling To focus on young family

Return to a full-time owner operator is expected to be in the vicinity of $160,000 EBITDA (FY2023)

The business was very marginally affected by Covid 19

Finance of up to 60% could be available to approved applicants

For more information, please contact:

Reg Butler
0438 189 657

[email protected]
For more info
Contact: Reg Butler

Reg Butler

0438 189 657
Business Brokers Network Australia
Broker Ref: 21349

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