Reference No: 12239

Cafe and Restaurant
Brisbane QLD
Price: $350,000 + SAV

Subway - St Lucia! Desirable upmarket suburb! Captive neighborhood shopping and transport hub! For Sale

Subway sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion-dollar business, with approximately 38,000 outlets in 106 countries.

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 in an extremely attractive leafy location, which is a hub for the St Lucia tradies, residents and students in the region. The bus station is very close to the highly visible store's front door.

Business features include:

Lease - Expires 2024 with additional options or new lease Negotiable

Business size  85m2 + Alfresco seating

Rent excluding G.S.T. - $5,433 per month

Outgoings excluding G.S.T. - $1,454 /month Approx.

Franchise term - new 20 year agreement

No prior experience is needed. Full training is provided by the franchisor prior to settlement

Remodel  The could be fully remodeled at settlement  if required!

Turnover (Approx.) $554,000 FY2021

Trading hours  generally 7.30am  11.00pm

Staffing  10 Sandwich Artists (Varies)

Owner's hours  Nil

Reason for selling  Distance to travel

Return to a full-time owner operator is in the vicinity of $124,000 EBITDA

Price is $350,000 + SAV (as is)

or $499,000 + SAV fully remodelled!

For more information, please contact:

Reg Butler
0438 189... (click to show)

(click to show email)
Show More
Price: $350,000 + SAV
Business Brokers Network Australia
GPO Box 2068

View Website

Contact: Reg Butler
Email this Agent Complete all fields

Australian enquiry? Yes No
Yes, email me similar opportunities

Thank you!

Your enquiry has been sent to this Seller.
To keep a history of your enquiries, register / login as a Business Buyer
Login as a Buyer to save this Business
Copy the link below to easily share this listing