Subway Near Brisbane CBD! New Lease and Remodel! Huge potential!

2 days ago

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Summary

Subway Near Brisbane CBD! New Lease and Remodel! Huge potential!

About the Business

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 located in a prominent destination amid a lot of high-rise buildings.



FEATURES INCLUDE:

Lease expires December 2026. A new lease is under discussion soon with 7 years sought. (This centre does not provide options)

Rent excluding G.S.T. is approximately $6,100 per month + $295 outgoings (Good for a centre in this location)

Size is 80m2

Established 10 years +

3 months rental bond is required

SAV is approx. $10,000

Fit out is due, but will be undertaken by the Seller prior to settlement and factored into the $495k price

Training is in Brisbane

New 20 year Franchise agreement

Turnover FY 2025 $835,000 (Low 3% 3rd Party Deliveries)

Trading Hours are:
Mon - Fri 7.00am - 9.00pm
Sat - Sun 8.00am - 9.00pm
(Possible to extend to 6.00am open to Midnight close)

Staffing - Manager + 8 staff (varies)

Approximate return to full time Owner / Operator is in the vicinity of $137,000 EBITDA FY2025

Bank finance of up to 60% to approved applicant/s

Good clean financials

(Price is $335,000 + SAV NOT Remodelled)

For more information, please contact:

Reg Butler
0438 189 657

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