Location:Gold Coast > Queensland
Investment level:$69,000 + SAV
Industry:Food & Drink > Takeaway & Casual Dining
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Subway Gold Coast Southside! Only $69,000 + SAV! Suit Owner Operator!
Subway sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion-dollar business, with approximately 40,000 outlets in 100 countries.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 business is located towards the southern end of the Gold Coast, in a prominent location with great exposure and ample parking.Business features include:Lease - Expires November 2021 + 3 year optionBusiness size - 61m2 + Alfresco (5 tables and 10 chairs)Rent excluding G.S.T. - $3,387 per monthOutgoings excluding G.S.T. - NilRental Bond - NilBusiness well established - 15 yearsNew Franchisee entry costs - $7,500 + GSTFranchise term - new 20 year agreementNo prior experience is needed. Full training is provided by the franchisor prior to settlementFit-out - due (Cost approximately $60,000) Owner is willing to do it prior to settlement with the cost added to the asking price)Equipment will be sold unencumberedAnnual Turnover (Approx.) $430,000 FY2019SAV is approximately $4,000Trading hours - Generally 6.30am - 7.30pmStaffing - Owners + 6 casuals (varies)Reason for selling - Other InterestsReturn to owner operator is in the vicinity of $80,000 EBITDA profit per year for one owner working 40 hours per weekPrice is $69,000 without remodel or $129,000 re-modelledFor more information, please contact:Reg Butler0438 189 657
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