Listing status: Inactive
Reason: --
Subway - Brisbane Springwood! BACK ON THE MARKET! Long Lease! Latest Remodel! $30k PW Turnover!
Subway - Brisbane Springwood! BACK ON THE MARKET! Long Lease! Latest Remodel! $30k PW Turnover!
Industry :
Food/HospitalitySub Industry :
RestaurantAbout 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 Franchise is conveniently situated in a hub regional shopping centre. Great M1 highway visibility. The business is capable of 24-hour trading and set up ready to do so!
KEY FEATURES:
Current Lease expires July 2025 + 2 x 5-year options
Size is 140m2 + alfresco dining
Rent excluding G.S.T. is $11,176 per month + $2,374 outgoings
3 months rental bond is required
SAV is approx. $10,000
Established in 1997and highly regarded in the area
Training is 3 weeks in Brisbane
New 20 year Franchise agreement
Restaurant will be fully remodeled. Work is about to commence and will be finalized prior to settlement
Annual Turnover (Approx.) FY 2023 $1,525,000 (12% 3rd Party Deliveries)
The business was relatively unaffected by Covid19
Trading Hours are:
Mon - Sat 6.00am 10.00pm
Sunday 7.00am - 9.00pm
(Already set up to trade 24 hours)
Staffing -2 fulltime + 20 part-timers (varies)
After many years, the owner has decided to retire
Potential return to full time Owner / Operator is in the vicinity of $230,000 - 260,000 EBITDA FY2023.
As a 24 hour trading site, the returns could be truly spectacular! A 6 week trial saw the store trading approx. 20 - 25% UP!
For more information, please contact:
Reg Butler
0438 189 657
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$795,000
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