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MOUNT GRAVATT, QLD
Subway Franchise - Mt Gravatt area! $150,00k Return To Owner/Operator! Nice area! Remodelled!
QLD
Food & Hospitality Businesses · Restaurants
$250,000 + SAV
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 1,400 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise modelThis Subway franchise is located in approximately 15 km southeast of the Brisbane CBD in a small, popular suburban shopping centre. The area is heavily populated with considerable passing trafficThe restaurant is ideally suited to a full time committed owner/operatorSome business features include:Lease - Expires October 2028 with Nil options. (Landlords decision on this is final)Rent - $5,178 per month + Outgoings of $758 approx. excluding G.S.T.Business size is 70m2 with an outdoor seating areaFranchise term is a new 20 year agreementNo prior experience is needed. Full training is provided by the franchisor prior to settlementThe restaurant has been fully remodelled and okay until 2034 (Completed February 2024)Turnover was $741,000 (FY2025)SAV (Stock At Value) is approximately $8,000Trading hours range8.00am - 10.00pmStaffing is currently a part time owner + 11 Sandwich Artists (varies)Owner's hours Approx 5 - 10 hours per week (if required)Reason for selling Overseas commitmentsReturn to a full-time owner operator is expected to be in the vicinity of $150,000 EBITDA (FY2025)Finance of up to 60% could be available to approved applicants.For more information, please contact:Reg Butler 0438 189 657reg.b@businessbrokersnetwork.com.au
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