Subway Franchise, Cannon Hill, Lease To 2034, Trading 35% UP CY 2023! Potential To Expand Hours!

Asking Price $550,000
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 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

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