Ad ID: 85474

Subway Business for Sale Upper Coomera QLD

Enquire about this "Subway Business for Sale Upper Coomera QLD" opportunity on aubizbuysell

Subway Upper Coomera Village, Gold Coast hinterland! Very motivated seller! Only $150,000!

Location:
Asking:
$150,000 + SAV

Business for Sale Description

Subway Business for Sale Upper Coomera QLD Asking: $150,000 + SAV

The sandwich restaurant chain was founded in the USA, in 1965.

The company has since grown into a multi-billion-dollar business, with more than 40,000 outlets in 100 countries.

There are presently in excess of 1200 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.


Upper Coomera is a suburb in the City of Gold Coast with a population of approximately 25,000 people.

Upper Coomera and Coomera have long been the main centre of urban development on the Gold Coast and are considered to be, along with Southport and Robina, one of the Gold Coast\'s three urban centres. Upper Coomera is a heavily suburbanised suburb consisting of many large residential developments and commercial centres. Despite already being heavily developed and having a large population, Upper Coomera is predicted by both the Queensland Government and Gold Coast City Council to grow and develop at an exponential rate well into the next decade.

Upper Coomera is a popular place of residence for dual-city commuters as it is placed roughly halfway between the central commercial districts of Southport and Beenleigh and within reasonable travelling distance to Brisbane


Features of the franchise offered for sale include:

Lease
Expires October 2023 + 5 year option

Business Size
59m2 + alfresco seating

Rent excluding G.S.T.
$3,442 per month

Outgoings excluding G.S.T.
$325 per month

Rental Bond / Guarantee
Nil

Business Established
2008

Franchise Term
New 20 year agreement

Fit out
Due, expected cost $50,000. The asking price has been reduced to factor this cost in

TURNOVER (Approx.)
FY 2019 $483,000
FY 2018 $491,000

Trading Hours
Mon - Fri 6.00am 8.00pm
Sat - Sun 8.00am - 8.00pm

Staffing levels
12 casuals (varies)

Owners Hours
Minimal. Multistore owner

Reason for selling
Personal circumstances

Approx. return to Owner Orerators
$94,000 (FY2019 EBITDA with control of benchmark costs)

ASKING PRICE
$150,000 + SAV (Est. $4,000)

For more information, please contact:

Reg Butler
0438 189 657

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Business Brokers Network Australia
For more info
Contact:

Reg Butler

0438 189 657 or 07 3821 5749
Phone: Reg Butler 0438 18... or 07 3821 5749
Business Brokers Network Australia
Broker Ref: 4876

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