Listing Id: 34199
Last Refreshed: 31/01/2025
Total Views: 348
Broker Ref: 23068
(Expired)Subway Franchise - Mid Sunshine Coast! Lease to 2041, Remodelled! Suit owner operator only!
Sunshine Coast, QueenslandTake Aways
Asking Price: $399,000
Business For Takeover
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- Overview
- Reason For Sale
- Description
Overview
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Description
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 near Mooloolaba on the Sunshine Coast region in a small roadside shopping centre.
Some business features include:
Long Lease - Expires 2026 + 3 x 5 year options (great to borrow against)
Rent - $3,502 per month + Nil outgoings
Business size is 72m2 with 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
Remodel recently completed
Turnover is approximately $10,000 per week.
Currently No 3rd Party Deliveries!
SAV (Stock At Value) is approximately $8,000
Trading hours range from 8.30am - 8.30pm
Staffing is currently a Manager + 10 Sandwich Artists (varies)
Owner's hours Nil
Reason for selling Moving on
Return to a full-time owner operator is expected to be in the vicinity of $145,000 EBITDA (FY2024)
Finance of up to 60% could be available to approved applicants.
For more information, please contact:
Reg Butler
0438 189 657
reg.b@businessbrokersnetwork.com.au
(photo is representational)
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