Ad ID: 97959

Subway Franchise Business for Sale Brisbane

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

Subway franchise - Remodeled! Very close to Brisbane CBD! Growth mode business! $17k sales per week!

Location:

Brisbane

Asking:

$469,000 + SAV

Type:

Retail-Food Other

Business for Sale Description

Subway Franchise Business for Sale Brisbane Asking: $469,000 + 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 1300 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.

The suburb has many mid - high-rise apartment buildings. Very close to public transport entry point, notable eatery location.

Customers are drawn from locals, students, tradies, commuters, office workers - everyone!!!

The franchise offered is located in the thick of the action.

Business features include:

Very long lease - Expires August 2021 + 2 x 5 year options

Business size - 70m2 + Alfresco tables + seats

Rent excluding G.S.T. - $5,174 per month

Outgoings excluding G.S.T. - Nil

Business well established and known in the area

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

Remodel due, but can be completed by the current owner with the cost added to the price!

Equipment will be sold unencumbered

Annual Turnover for FY2020 was approximately $710,000
FY 2021 could be in the vicinity of $850,000 based on the current $17,000 sales per week

Trading hours
Mon - Fri 7.00am 8.30pm (Could extend to 24 hours)
Saturday 8.00am - 8.00pm
Sunday 9.00am - 7.30pm

Staffing - Manager/s + 7 casuals (varies)

Currently run under management, great potential for hands on operator/s.

Reason for selling - Scaling down

Return to owner operator is in the vicinity of $160,000 EBITDA

Asking price is $469,000 (fully remodelled) + SAV

For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au