The Subway 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 approximately 1300 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.
The Mingara Road Subway outlet is prominently located in a standalone building on a major highway amid other big name food retailers.
There is plenty of "grab and go" parking. Excellent for passing travellers and tradies.
Situated adjacent to the Mingara aquatic centre, regional athletic field and lifestyle and health venues. This is truly a once and a time lifestyle business opportunity not to be missed.
KEY FEATURES INCLUDE:
Current Lease expires February 2029 with a 5 year option
Size is 120m2 + alfresco seating
Fit out - Current
Rent excluding G.S.T. is $5,292 per month + $1,266 per month outgoings
No rental bond
Established in 1998
Training 3 weeks in Brisbane
New 20 year Franchise agreement
Annual Turnover is $1,131,000 FY24
Trading Hours are:
(Mon Sat) 7.00am 9.00pm
(Sunday) 8.00am 8.00pm
SAV approximately $12,000
Staffing -15 casuals (varies)
Owner is selling due to other business commitments
Return to an Owner Operator exceeding $263,000 EBIDTA
24 hour trading opportunity in this expanding area.
For more information, please contact:
Reg Butler Glenn Robertson
0438 189 657
reg.b@businessbrokersnetwork.com.au
