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Code

RB156 sold

Business Type

Sub Sandwich Franchise

Area

Brisbane – Newstead (Near CBD)

Business Established

November 2010

Lease Remaining

Until November 2016 + 1 x 5 year option

Approximate Rent (excluding GST)

$5,324 / month + outgoings

Trading Hours – Mon – Fri

7am – 9pm

Trading Hours – Sat - Sun

7.30am – 9.30pm Saturday

9.00am – 6.00pm Sunday

Approximate Turnover (excluding GST)

$711,000 FY 2013

Reason for Selling

Other interests

General Information

New, proposed and planned projects in close proximity to the Subway Waterloo franchise include:

Gasworks Gasometer Stage 1 – 9,100 m2 office space and retail complex

Gasworks Gasometer Stage 2 – this includes 23,400 m2 commercial space of which        12,500 m2 is to be the Bank of Queensland Head Office

Gasometer Stage 3  - 13 level commercial building

Energex Head Office

Tatts Lotto Head Office

Cnr Chester & Ella Streets – 379 unit complex – 17 levels

Cnr Doggett & Chester – 5 level boutique residential

“Kurv” - 31 Longland Street (Cnr Master) – 5 level residential

Broadway on Ann - 977 Ann ( Cnr Commercial Road) – 15 level residential

 764 m2 retail – opposite Subway Waterloo

M & A – Cnr McLachlan & Ann – 190,040 m2 commercial tower – Macquarie Bank

 Head Office + 234 residential apartments

Brooklyn on Brookes – 216 residential apartments

Alex Perry Residential – Cnr Ann & Chester

Newstead Towers – Longland Street – 300 residential apartments

The entire Riverpark (bounded by Longland and Ann Streets and Skyring Terrace and the

Brisbane River) Masterplan will include 7 residential towers and, 20,000m2 retail and 60,000m2 commercial.

http://brisbanedevelopment.com/category/valley-newstead/ as at 13/02/2014

SAV is approximately $7,000

The FY2013 potential return to an owner / operator is in the vicinity of $150,000 EBITDA

Finance against the business of up to 70% could be available to approved applicants           

Asking Price

$ 575,000 + SAV (approx $7,000)

 

The sandwich restaurant chain was founded in the USA, in 1965. The company has since grown into a multi-billion dollar business, with approximately 40,000 outlets in 100 countries. Wherever the restaurants are located, the basic menu stays almost the same.

The franchise has a proven business model and is continually ranked #1 franchise in the world.

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.

For more information, please contact:
 Reg Butler  0438 189 657
reg@businesses.net.au
  
 
 
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