Subway sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion-dollar business, with approximately 38,000 outlets in 106 countries.
There are presently in excess of 1,300 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 approximately 20 km south of the Brisbane CBD in a small suburban shopping centre.
Some business features include:
Lease - Expires November 2028 + 5 year option
Rent - $4,311.69 per month + Outgoings of $850 approx. excluding G.S.T.
Business size is 72m2 with a large outdoor seating area
Franchise term is a new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
The restaurant will require to be remodelled. Price vicinity $120 - $160k tbc
Turnover is $778,000 (FY2023) with 20% 3rd Party Deliveries!
Trading hours are Mon - Fri 9.00am - 9.00pm Sat - Sun 8.00am - 8.00pm
Staffing is currently a Supervisor + 9 Sandwich Artists
Owner's hours Nil
Reason for selling To focus on young family
Return to a full-time owner operator is expected to be in the vicinity of $150,000 EBITDA (FY2023)
Finance of up to 60% could be available to approved applicants
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