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 the Caboolture region in a midsized suburban shopping centre.
Some business features include:
Long Lease - Expires November 2029 + 2 x 5 year options (great to borrow against)
Rent - $3,952 per month + Outgoings of $503 approx. excluding G.S.T. Near benchmark!
Business size is 60m2 with an 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
The restaurant is fully up-to-date with the current Fresh Forward remodel.
Turnover is $632,000 (CY2023) with 5% 3rd Party Deliveries! The restaurant is trading up on the previous year
SAV (Stock At Value) is approximately $8,000
Trading hours are Mon - Fri 6.30am - 9.00pm Sat - Sun 8.00am - 9.00pm
Staffing is currently a Manager + 12 Sandwich Artists (varies)
Owner's hours Nil (Multi store owner)
Reason for selling (Diversification)
Return to a full-time owner operator is expected to be in the vicinity of $150,000 EBITDA (FY2023)
Finance of up to 60% could be available to approved applicants.
Singapore
