Subway Franchise, Gympie City, Nice Rural Setting, Long Lease, Low Rent, Suit Owner / Operator!
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.
This Subway franchise is located in a small regional shopping centre, located on the main street, in the thick of the action. Great visibility!
Business features include:
Long Lease – Expires June 2024 + 2 x 5 year options
Rent excluding G.S.T. – $3,700 per month
Outgoings excluding G.S.T. – $43 per month
Franchise term – new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Remodel due ($80,000 has been discounted from the $375,000 expected price to comfortably accommodate this)
Turnover (Approx.) $685,000 (operating on reduced hours and closed Sundays for most of the year)
Trading hours range daily 7.30am 8.00pm
Staffing Manager + 9 casuals (varies)
Owners hour – Nil (Currently run under full management)
SAV approx. $7,000
Reason for selling Downsizing / Semi-retirement
Return to an owner operator is in the vicinity of $125,000 EBITDA (FY2021 normalized trade, with benchmarks achieved)
For more information, please contact:
0438 189 657
(Photo is symbolic)
Gympie is a city about 170 kilometres north of Brisbane in the Wide Bay-Burnett District. It has a population of 21,000.
Gympie is famous for its gold fields.
About 30 minutes’ drive east of Gympie is Tin Can Bay. Noosa on the Sunshine Coast is 45 minutes drive