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Subway Franchise, Darwin, Rarely available, Extremely Long Lease until 2043, Growth area!
About this 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.
Business features include:
Lease - Expires January 2028 with 3 x 5 year options
Rent excluding G.S.T. - $8,579 per month
Outgoings excluding G.S.T. - $59 per month
Franchise term - new 20 year agreement
No prior experience is needed. Full training is provided by the franchisor prior to settlement
Turnover (Approx.) FY2021 $950,000
Trading hours Generally 7.00am 9.00pm (Could extend)