Subway franchise - Northern Brisbane Suburb, Low Rent, Lease to 2036, Low Rent, Remodelled!
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.
The Subway franchise is located in a popular northern suburban shopping centre with major road access.
Business features include:
Lease – Expires Sept 2026 + 2 x 5 year options
Business size – 77m2 + Alfresco
Rent excluding G.S.T. – $3,655 per month
Outgoings excluding G.S.T. – Nil
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
Fit-out Fully remodelled
Turnover (Approx.) $787,000 FY2021
Trading hours daily 7.00am 9.00pm
Staffing 14 Sandwich artists
Owners hour – Nil (Currently run under full management)
Reason for selling – Retirement
Return to a full-time owner operator is in the vicinity of $170,000 EBITDA (based on a $15,000 per week sales level, with benchmarks being achieved)
For more information, please contact:
0438 189 657