Subway - Loganholme Industrial Area! CRUISY Short Hours! Trades 5 Days! Growth Corridor! Remodelled!
Subway - Loganholme Industrial Area! CRUISY Short Hours! Trades 5 Days! Growth Corridor! Remodelled!
Industry :
Food/Hospitality - Restaurant ; Food/Hospitality - Takeaway Food ;About the business
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 an industrial park in Loganholme. The area is set to improve thanks to a massive billion-dollar roadworks redevelopment about to commence
The business can be viewed as an industrial takeaway restaurant due to the relatively short trading hours.
Some business features include:
Very long lease - Expires August 2026 with 2 x 5 year options
Extremely low rent - $3,346 per month + Outgoings of $677 approx. excluding G.S.T.
Business size is 181m2 with a large 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 has just been extensively remodelled and should be okay for 10 years
Turnover is $505,000 (FY2023) with minimal 3rd Party Deliveries!
Trading hours are a cruisy 52.5 hours per week
Mon - Fri 7.00am - 4.30pm
Saturday 9.00am - 2.00pm
Closed Sundays and Public holidays
Staffing is currently a Manager + 4 Sandwich Artists
Owner's hours Nil / very minimal
Reason for selling To focus on young family
Return to a full-time owner operator is in the vicinity of $150,000 EBITDA (FY2023)
The business was marginally affected by Covid 19, and continued to see Calander year-on-year growth throughout the period.
Finance of up to 60% could be available to approved applicants
For more information, please contact:
Reg Butler
0438 189 657
reg.b@businessbrokersnetwork.com.au
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email : admin@businessbrokersnetwork.com.au or Call 1300 33 18 14
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$395,000
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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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