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Summary
You know you are buying a sound business when sales were as good in FYE 2020 as the previous 2 years. On top of this, it sailed through the worst economic times this country has seen in a century and did not need government job keeper support. The training, quality control and brand awareness of this business is as good as it gets.
Revenue
$526,388
Net Profit
$92,172
Potential
It is a community-based business and a local favourite with residents, so increasing awareness to local businesses of catering options would grow sales. The profit is for one owner working, so a couple could earn more.
Skills
Successful buyers will be fully trained both in store and externally.
Hours
Monday – Thursday 7.30 am – 7.00 pm
Friday – Saturday 7.30 am – 8.00 pm
Sunday 8.00 am – 7.00 pm
Lease
Current lease expires in August 2024 and has a five-year option.
Location
Central Gold Coast
Employees
Manager and 6 casuals.
Reason for Sale
Owner retiring.
About the Business
Subway is continually ranked at the number #1 Franchise.
Today, the Subway brand is the world's largest submarine sandwich chain with more than 44,000 locations around the world. They have become the leading choice for people seeking quick, nutritious meals that the whole family can enjoy.
History
The story of the Subway brand started more than 50 years ago when Dr. Peter Buck, a nuclear physicist, changed the life of a college student with a few simple words, “Let’s open a submarine sandwich shop.”
The popularity of the sandwiches and the brand continued to grow over the decades, but one thing remained the same and that was their core values and principles:
a) Always provide exceptional service to your valued guests.
b) Provide the highest quality menu items at a price everyone can afford and enjoy; and
c) Keep operating costs low and ensure you have great systems in place and never stop
improving.
These early principles continue to serve as the foundation for Subway restaurants around the world.
Sale Price
$230,000 + SAV + Floats