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.
This store is situated just off the Pacific highway and near a 24 hour service station and busy KFC. A golf club is across the street.
It is ideally located to take advantage of 24 hour trading with the regional police station and Wyong hospital nearby.
KEY FEATURES INCLUDE:
Current Lease expires February 2029 with a 5 year option
Size is 129m2 + alfresco seating
Rent excluding G.S.T. is $4,190.18 per month + $287.78 per month outgoings
No rental bond
Established in 2007
Training 3 weeks in Brisbane
New 20 year Franchise agreement
Annual Turnover is the vicinity of $1,035,000 for FY2024 and expected to increase
Trading Hours are:
(Mon Sat) 7.00am 9.00pm
(Sunday) 8.00am 8.00pm
SAV approximately $12,000
Staffing -13 casuals (varies)
Owner is selling due to other business commitments
Return to an Owner Operator exceeding $260,000 EBIDTA (FY2024)
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
