Subway Ipswich Shopping Centre, Remodelled, Captive market, Ideal first store!

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 Subway Franchise is located in a prominent food court with high visibility

FEATURES INCLUDE:

Lease expires December 2028. (N.B. The landlord, like many major shopping centres, does NOT provide lease options)

Rent excluding G.S.T. is $4,731 per month + $2,158 outgoings

Size is 64m2

Established many years

4 months rental bond is required

SAV is approx. $8,000

Fit out will be completed withing the price to the franchisor's satisfaction

Training is 6 weeks in Brisbane (tbc)

New 20 year Franchise agreement

Turnover FY 2024 $593,000 (Very minimal 3rd Party Deliveries)
Currently trading 10% up at time of posting

Trading Hours are:
Mon - Sat 9.00am - 4.00pm (Thursday 9.00pm close)

Staffing - Supervisor + 8 Part time casuals (varies)

Approximate return to full time Owner / Operator is in the vicinity of $120,000 EBITDA FY2024 (tbc) with greater control of manageable expenses

Bank finance of up to 60% to approved applicant/s


For more information, please contact:

Reg Butler
0438 189 657

(photos are symbolic)