Sub Franchise - High Volume & Low Rent Food Court Location ACT

Sub Franchise - High Volume & Low Rent Food Court Location ACT

Preview Listing

Location Details :

Country

Australia

State

Australian Capital Territory

City

Fyshwick


Industry :
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Financial Details :

Revenue

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EBITDA

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EBITDA multiplier

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About the business

Phone enquiries - please quote property ID 18250

Well known Sub Sandwich franchise store for sale in a high volume shopping centre food court location.

Occupying prime position in the Canberra Outlet Centre food court, this comparatively low rent store is a strong performer, achieving over $925k sales in FY2017, and able to return an estimated profit to working owner of over $265kpa.

With a full team in place, including a long term store manager, operations couldn't be easier. The current owner spends only a few hours per week managing paperwork and rostering, whilst the Store Manager handles all day to day operations in the store.

This store is highly efficient compared to others in the same chain. Store hours are only 9am to 6pm daily, with no late nights or early mornings. With only seven staff on the team, management is a breeze. Full training and support is offered by the Franchisor.



Summary:

Sales over $925kpa
Rent less than 8.0% of turnover
Secure lease until late 2023 with fixed 4% annual increases.
Small 45 square metre store with no dining area or outdoors space to worry about.
Small team of only seven staff, with experienced Manager in place.



The franchise system is on the 'approved' list with many of the large banks, meaning you can potentially secure up to 60% of the purchase price against the business itself.

Don't miss out on this rare gem in such a successful, well known, established chain.

Asking $640k + SAV (around $7k).

Contact now to receive more details

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