aubizbuysell.com.au/99306
Ad ID: 99306

Subway Franchise for Sale Victoria Point Brisbane

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

Subway franchise Victoria Point Kiosk! Owner ready to walk! Potentially your gain! $10,000 + costs!

Location:
Asking:
$10,000 + SAV

Business for Sale Description

Subway Franchise for Sale Victoria Point Brisbane Asking: $10,000 + 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.

The Subway kiosk is located outside of Woolworths in the main through-fare. There is also a small, dedicated eating area.

Lease expiring 16th August 2023. The franchisor carries the head lease and there is usually not an issue renewing.

Rent almost $5,000 per month + $300 per month outgoings

2 Month Rental Bond / Guarantee if secured against property. If not secured against property, a 6 months Rental Bond will be required

Business Established in 2009

Remodel due in the near future - expected cost in the vicinity of $25,000 (tbc)

New 20 year Franchise Term

Franchisee transfer / training cost $7,500 + GST, to be paid/reimbursed by the incoming franchisee!

Turnover (Approx.) FY 2019 $350,000

Trading Hours
Mon - Fri 8.00am - 5.00pm (Thurs 8.30pm)
Saturday 8.00am - 4.30pm
Sunday 9.00am - 3.30pm

Return to owner operator approx. $50,000. FY2019. More to a working couple or if you are prepared to work long hours

Need committed owner operator (Not suitable for Non-residents)

ASKING PRICE is $10,000 + SAV (Est. $5,000) NON NEGOTIABLE

OTHER COST FACTORS (As mentioned above - Rental Bond, Remodel, Transfer / training)

Potential buyers will also need to demonstrate to the franchisor that they have $20,000 working capital

Reason for selling Too small for current owners to bother with.


If this is for you, please contact:

Reg Butler
0438 189 657


Victoria Point Shopping Centre is located on the corner of Bunker & Cleveland-Redland Bay Roads, Victoria Point. It has 1,332 Parking Spaces and 99 Specialty Shops

Major Tenants include K Mart, Coles, Woolworths. Mini-Major Tenants include Best & Less, Terry White Chemists, The Reject Shop.

The centre also houses Australia Post and bank branches.

There are plenty of reasons for people to visit the centre.

Interested In This Opportunity?

Email to a friend / myself

 

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Business Brokers Network Australia
For more info
Contact: Reg Butler

Reg Butler

0438 189 657
Business Brokers Network Australia
Broker Ref: 11206

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