Subway Gold Coast Southside! Only $69,000 + SAV! Suit Owner Operator!

13 days ago

Location:
Gold Coast > Queensland

Investment level:
$69,000 + SAV

Type:
Business

Industry:
Food & Drink > Takeaway & Casual Dining

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Summary

Subway Gold Coast Southside! Only $69,000 + SAV! Suit Owner Operator!

About the Business

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 option

Business size - 61m2 + Alfresco (5 tables and 10 chairs)

Rent excluding G.S.T. - $3,387 per month

Outgoings excluding G.S.T. - Nil

Rental Bond - Nil

Business well established - 15 years

New Franchisee entry costs - $7,500 + GST

Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement

Fit-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 unencumbered

Annual Turnover (Approx.) $430,000 FY2019

SAV is approximately $4,000

Trading hours - Generally 6.30am - 7.30pm

Staffing - Owners + 6 casuals (varies)

Reason for selling - Other Interests

Return to owner operator is in the vicinity of $80,000 EBITDA profit per year for one owner working 40 hours per week

Price is $69,000 without remodel or $129,000 re-modelled

For more information, please contact:

Reg Butler
0438 189 657

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