- Price: $625,000 + SAV
- Categories: Food/Hospitality
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 on the main highway, in a small shopping centre, recognized as a popular convenient fast food stop.
Business features include:
Long Lease - Expires February 2025 + 3 x 5 year options
Rent excluding $3,265 per month
Outgoings excluding $600 per month
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Remodelled prior to settlement
Turnover (Approx.) FY21$1,077,000 (operating on reduced hours during Covid)
Trading hours range daily 7.00am 9.00pm
Staffing 11 Part-timers (varies)
Owners hour - Nil (Currently run under full supervision)
Reason for selling Downsizing / Semi-retirement
Return to an owner operator is in the vicinity of $200,000 EBITDA (FY2021 normalized trade, with benchmarks achieved)
For more information, please contact:
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Gympie is a city about 170 kilometres north of Brisbane in the Wide Bay-Burnett District. It has a population of 21,000.
Gympie is famous for its historical ambience and gold fields.
About 30 minutes' drive east of Gympie is Tin Can Bay, and 45 minutes drive is Noosa on the Sunshine Coast.