Subway - Gold Coast, Extensively Remodelled! Only asking $99,000 + SAV. Bargain!!!
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.
This suburb has many mid – high-rise apartment buildings.
The franchise offered is located in a very busy, well known shopping centre.
(N.B. This business is only suitable for citizens of Australia or New Zealand, or Permanent Residents only)
Business features include:
Lease expires March 2024. This centre does not give options!
Business size – 57m2
Rent excluding G.S.T. – $6,855 + $855 outgoings + $353 promotions levy per month
Bank Guarantee – 3 months rent and outgoings
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
Fully Remodeled in 2020
Equipment will be sold unencumbered
Annual Turnover for FY2019 was approximately $520,000
Expected Turnover FY2021 is approximately $550,000
Mon – Sat 9.00am 5.00pm (Thurs 8.00pm)
Sunday 10.00 – 4.00pm
Staffing – Part-timers + 7 casuals (varies)
Currently run under supervision, great potential for hands on operator/s.
Reason for selling – Scaling down / relocating
Return to owner operator is in the vicinity of $100,000 EBITDA FY2019
Asking price was $125,000. Now $99,000 + SAV ($5,000 estimated)
Prefer CASH buyer!
For more information, please contact:
0438 189 657