UNDER OFFER Subway Franchise Cairns! 20k Per Week! Remodeled! Lease to 2036!

Asking Price $399,000
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 now on offer is well established in a growing part of Cairns.

It is housed in a small shopping centre with great highway exposure.

The business has gained a great reputation in the area and has a strong loyal local following.

Presently run under management, owner operators will see phenomenal returns for their efforts. (Please note  franchisors generally expect their new franchisees be committed owner operators)

Business features include:

Lease - Expires August 2026

Options - 2 x 5 years

Business size - 120m2

Rent excluding G.S.T. - $3,720 per month

Outgoings excluding - Nil

Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement

The store is fully remodeled

Turnover FY2023 was $1,085,000

Trading hours  generally 7.00am  9.00pm

Staffing  Manager + 12 Sandwich Artists (Varies)

Owner's hours  Nil

Reason for selling  Retirement

Return to a full-time owner operator is in the vicinity of $240,000 EBITDA

Bank Finance up to 60% against the business could be available to approved applicants

For more information, please contact:

Reg Butler

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