The sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion dollar business, with more than 36,000 outlets in 100 countries. Wherever the restaurants are located, the basic menu stays almost the same.
The first restaurant opened in Australia during 1988. Australia is the group's largest market outside North America, with more locations than any other chain.
There are presently in excess of 1300 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 prominently located in the major Booval Fair Shopping Centre. It has dual entrance, and is ideally suited for 24 hour trading.
FEATURES:
Lease expires May 2031. (this Centre does not provide options, but there is not usually a problem renewing)
Size is 96m2
Established December 2005 and well known in the Ipswich region
Rent excluding G.S.T. is $10,417 per month + $1,299 outgoings + $500 promotions levy (Good for a centre of this magnitude)
NO rental bond is required
SAV is approx. $10,000
Remodel is du and the landlord has agree to a generous contribution towards this
Training is 6 weeks in Brisbane (tbc)
New 20 year Franchise agreement
Turnover FY 2024 $1,170 (20% 3rd Party Deliveries)
Trading Hours are:
Mon - Wed 7.00am - 9.00pm
Thur - Fri 7.00am - 10.00pm
Sat - Sun 8.00am - 9.00pm
24 HOUR POTENTIAL!!!
Staffing - Manager + Asst Manager + 14 casuals (varies)
Approximate return to full time Owner / Operator is in the vicinity of $135,000 - $175,000 EBITDA FY2024 / FY2023
Good clean financials
For more information, please contact:
Reg Butler
0438 189 657
