The story of the Subway brand started back in 1965 when Dr. Peter Buck, a nuclear physicist, changed the life of a college student with a few simple words, "Let's open a submarine sandwich shop. The first restaurant opened in Bridgeport, Connecticut, USA in 1965 and was called Pete's Super Submarines. With 44,000 outlets globally now and some 1200 plus here in Australia and growing.
This Subway franchise is in a busy community in a surrounding CBD suburb. This very high traffic location with active suburban campus has a great mix of students and residential markets, along with cafes and restaurants. This has networked well with train and bus stations throughout, a local mix of Public and private schools.
Fully managed store, with strong sales year on year at $19,000 per week YTD 2024 and a very strong Net Profit
This 68sqm premise, has internal and external seating along this bustling main street.
Lease is through to late 2027 with a 5-year option.
COE, COG all aligns to Subway benchmark requirements, the opportunity for a hands-on owner to grow the business in other areas.
Catering & 3rd party ie Uber/ Door dash are 15% of sales
Long term casual staff, along with one full time manager.
Increased orders on the Subway App. Catering orders are also strong
Trading 7 days a week Monday to Sunday 7 to 10
* The store requires a remodel as part of the Franchise agreement, seller happy to discuss this further with qualified buyer.
This an excellent opportunity for a working owner to receive an excellent return on investment moving forward.
Asking Price: $700,000 + SAV
To find out more information about this business for sale, please complete the confidentiality agreement quoting reference number: #5762FR https://absbusinesssales.com.au/confidentiality-agreement
Broker: Mark Kitson| E: mark@absbrisbane.com | P: 0405 293 644 Head Office | P: 07 3368 4010| E: reception@absbrisbane.com
