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 approximated 10 km east of the Brisbane CBD in a very prominent and visible location.
Business features include:
Lease - Expires August 2027 + 7 year extension (i.e. Lease until 2034)
Rent excluding G.S.T. - $10,468 + $210 Promotions Levy per month
Outgoings excluding G.S.T. - Water charges only
Rent capped at 4% per annum
Rental Bond - 3 month's rent
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Store needs to be remodeled by the new owner. Approximate cost per quotes is in the vicinity of $120,000
Turnover FY2023 $1,166,000 (Currently approx. $25,000 per week and trading at 36% UP for calendar year 2023. At time of posting!)
SAV is approx. $12,000
Trading hours Generally 7am - 9/10pm (can extend to say, 6am - Midnight)
Staffing Manager + 1 PT trainee manager + 16 Part-timers (varies)
Owner's hour Nil
Reason for selling Retirement
Potential return to an owner operator is in the vicinity of $178,000 EBITDA (FY2023).
(With significantly increased trading levels being witnessed, the FY2024 potential is well over $200,000 EBITDA. N.B. FY 2021 was $227,000)
Price $550,000 + SAV "AS IS"
For more information, please contact:
Reg Butler
xxxxx
xxxxx
Subway Franchise, Cannon Hill, Lease To 2034, Trading 35% UP CY 2023! Potential To Expand Hours!
QLD
Asking Price
$550,000
Revenue
Profit
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AMAZING VALUE – HIGHLY PROFITABLE –INCREDIBLE ROI
Sunshine Coast Region, QLD
Cafe and Restaurant