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.
Business features include:
Lease - Expires 2027 with a 5 year option
Business size 81m2 + Alfresco seating
Rent excluding G.S.T. - $5,345 per month
Outgoings excluding G.S.T. - NIL
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Remodel The restaurant will be fully remodelled at settlement if required!
Turnover (Approx.) $700,000 FY2024 (LOW 8% 3rd party deliveries)
Trading hours Vary from 8.00am 8.30pm
Staffing Manager + 11 Sandwich Artists (Varies)
Owner's hours Nil (Minimal if required)
Reason for selling Retirement
Return to a full-time owner operator is in the vicinity of $160,000 EBITDA (FY2024)
Price is $480,000 + SAV fully remodelled!
(Alternatively the store can be sold not remodelled for $320,000 + SAV)
For more information, please contact:
Reg Butler
0438 189 657
reg.b@businessbrokersnetwork.com.au
