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 a large suburban shopping centre.
Some business features include:
Lease - Expires may 2031.
Rent - $10,420 per month + Outgoings of $1,300 approx. + $500 Promotions levy excluding G.S.T.
Business size is 98m2
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 be remodeled prior to settlement
Turnover was $1,178,000 (FY2024) with 20% 3rd Party Deliveries!
Trading hours are Mon - Wed 7.00am - 9.00pm Thur - Fri 7.00am - 10.00pm Sat - Sun 8.00am - 9.00pm
THIS STORE IS CABABLE AND WILL BE SET UP FOR 24 HOUR TRADING
Staffing is currently a Manager, Asst Manager + 14 PT Sandwich Artists
Owner's hours Nil
Reason for selling Retirement
Return to a full-time owner operator is expected to be in the vicinity of $170,000 EBITDA (FY2024)
Finance of up to 60% could be available to approved applicants
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