Subway - Brisbane Southwest! Remodeled! $240k EBITA! Possible 24 Hour!
Subway - Brisbane Southwest! Remodeled! $240k EBITA! Possible 24 Hour!
Industry :
Food/Hospitality - Restaurant ; Food/Hospitality - Takeaway Food ;About the business
The sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion dollar business, with more than 36,000 outlets in 100 countries. \
Wherever the restaurants are located, the basic menu stays almost the same.
The first restaurant opened in Australia during 1988.
Australia is the group's largest market outside North America, with more locations than any other chain.
There are presently in excess of 1300 restaurants in Australia. Many new franchises are sold to existing franchisees which is a positive indication of the success of the franchise model.
This Franchise is conveniently situated in a hub regional shopping centre. Great roadside visibility.
The business is capable of 24-hour trading.
KEY FEATURES:
Current Lease expires September 2030 (This landlord does not provide options)
Size is 612 + alfresco dining
Rent excluding G.S.T. is $4,912 per month + $650 per month outgoings approx.
3 months rental bond is required
SAV is approx. $10,000
Established in 2015 and highly regarded in the area
Training is 3 weeks in Brisbane + other as required by franchisor
New 20 year Franchise agreement
Restaurant will be fully remodeled at settlement and should be okay until 2034
Annual Turnover (Approx.) FY 2023 $1,000,000 (13% 3rd Party Deliveries)
The business was relatively unaffected by Covid19
Trading Hours are generally: 7 days 7.00am 9.00pm (can extend)
Staffing -10 part-timers (varies)
After many years, the owner has decided to divest due to other huge commitments requiring attention
Potential return to full time Owner / Operator is in the vicinity of $300,000 FY2023
Full financials available
Up to 60% bank finance may be available to approved applicants
For more information, please contact:
Reg Butler
0438 189 657
(photo is symbolic)
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$675,000
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!- Can you afford the business? Do you need financing to assist with the purchase?
- Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
- Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
- Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
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Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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