Subway franchise - Brisbane - Ipswich corridor! $160k return to owner/operator!

QLD
Asking Price $350,000
About
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 located in approximately 20 km south of the Brisbane CBD in a small suburban shopping centre.


Some business features include:

Lease - Expires July 2027

Rent - $4,166 per month + Outgoings of $833 approx. excluding G.S.T.

Business size is 72m2 with a large outdoor seating area

Franchise term is a new 20 year agreement

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

The restaurant will require to be remodelled. Price vicinity $100 - $130k tbc

Turnover is $778,000 (FY2023) with 20% 3rd Party Deliveries!

Trading hours are
Mon - Fri  9.00am - 9.00pm
Sat - Sun  8.00am - 8.00pm

Staffing is currently a Supervisor + 9 Sandwich Artists

Owner's hours  Nil

Reason for selling  To focus on young family

Return to a full-time owner operator is expected to be in the vicinity of $160,000 EBITDA (FY2023)

The business was very marginally affected by Covid 19

Finance of up to 60% could be available to approved applicants


For more information, please contact:

Reg Butler
xxxxx

reg.xxxxx
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