Subway Carindale Westfield! Opened December 2021! Kiosk amid the foodcourt action! Short hours!

QLD
Asking Price $430,000
About
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 36,000 outlets in 100 countries. Wherever the restaurants are located, the basic menu stays almost the same.

The first restaurant opened in Australia during 1988. Australia is the group's largest market outside North America, with more locations than any other chain.

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 Subway Franchise is prominently located in the major Westfield Carindale Shopping Centre. It shares a large food court seating area, together with numerous major name food businesses.


FEATURES:

Current Lease expires November 2028.

Size is 32m2 + extremely large internal shared seating area

Rent excluding G.S.T. is $7,500 per month + $575 promotions levy (Good for a centre of this magnitude)

3 months rental bond is required

SAV is approx. $10,000

Established in December 2021 with the latest Fresh Forward decore

Training is 3 weeks in Brisbane

New 20 year Franchise agreement

Annual Turnover FY 2023 $830,000 (Extremely low 2% 3rd Party Deliveries)

Trading Hours are:
Mon - Sat, Fri 8.00am  5.30pm
Thursday 8.00am - 9.00pm
Saturday 8.00am - 5.00pm
Sunday 9.00am - 5.00pm

Staffing - Manager + 18 casuals (varies)

Approximate return to full time Owner / Operator is in the vicinity of $175,000 EBITDA FY2023

Good clean financials


For more information, please contact:

Reg Butler
xxxxx
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