Listing status: Inactive
Reason: --
Subway Tumbi Umbi, Remodelled, Lifestyle Location, Much Prized Store! Magnet For The Area!
Subway Tumbi Umbi, Remodelled, Lifestyle Location, Much Prized Store! Magnet For The Area!
Industry :
Food/HospitalitySub Industry :
RestaurantThe Subway 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 approximately 1300 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.
The Mingara Road Subway outlet is prominently located in a standalone building on a major highway amid other big name food retailers.
There is plenty of "grab and go" parking. Excellent for passing travellers and tradies.
Situated adjacent to the Mingara aquatic centre, regional athletic field and lifestyle and health venues. This is truly a once and a time lifestyle business opportunity not to be missed.
KEY FEATURES INCLUDE:
Current Lease expires February 2029 with a 5 year option
Size is 120m2 + alfresco seating
Fit out - Current
Rent excluding G.S.T. is $5,292 per month + $1,266 per month outgoings
No rental bond
Established in 1998
Training 3 weeks in Brisbane
New 20 year Franchise agreement
Annual Turnover is $1,131,000 FY24
Trading Hours are:
(Mon Sat) 7.00am 9.00pm
(Sunday) 8.00am 8.00pm
SAV approximately $12,000
Staffing -15 casuals (varies)
Owner is selling due to other business commitments
Return to an Owner Operator exceeding $263,000 EBIDTA
24 hour trading opportunity in this expanding area.
For more information, please contact:
Reg Butler Glenn Robertson
0438 189 657
reg.b@businessbrokersnetwork.com.au
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Understanding a business from the Owners point of view and being able to relate information about the business to the Buyer from his point of view, being factual and not embellishing the actual results is what we seek to achieve.
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If you are a Buyer and are looking for a specific business and you have not found it on our website or others, we may be able to find the business that best suits you. Often we know of business that are not on the market, but we know that the Owner would sell if there is a qualified Buyer looking.
email : admin@businessbrokersnetwork.com.au or Call 1300 33 18 14
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$850,000 + SAV
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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