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 a major Shopping Centre. It shares a large food court seating area, together with numerous major name food businesses.
FEATURES:
Lease expires May 2027. (NB - this Centre does not provide options, but there is not usually a problem renewing)
Size is 25m2
Established December 2021
Rent excluding G.S.T. is $6,759 per month + $2,100 outgoings (Good for a centre of this magnitude)
30,000 rental bond is required
SAV is approx. $12,000
Fit out is current until 2031
Training is 6 weeks in Brisbane (tbc)
New 20 year Franchise agreement
Turnover FY 2024 $1,071,000 (16% 3rd Party Deliveries)
Trading Hours are:
Mon - Sat 8.00am - 6.00pm (9.00pmThursday)
Sunday 8.00am - 5.30pm
Staffing - Manager + 12 casuals (varies)
Approximate return to full time Owner / Operator is in the vicinity of $190,000 EBITDA FY2024
Good clean financials
This is NOT an urgent sale and there is very little room for negotiation!
For more information, please contact:
Reg Butler
0438 189 657
