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Code

RB282

Business Type

Sandwich Franchise

Area

Gold Coast Coolangatta

Business Established

 Since 1999

Lease Remaining

 New 5 + 5 year lease NEG.

Approximate Rent (excluding GST)

Rent excluding G.S.T. of $4,583 per month Outgoings excluding G.S.T. of $600 / month 4% Annual increases

Trading Hours – Sunday – Thursday

7.00am – 7.30pm

Trading Hours – Friday - Saturday

7.00am – 8.00pm

Approximate Turnover (excluding GST)

 FY2017 $590,000

Reason for Selling

Other Interests / retirement

General Information

The Franchise offered is situated on a busy, well frequented shopping street, amid numerous towering high-rises. The store has great roadside visibility, with an appealing alfresco seating area in front.

The landlord is offering a new lease which will become effective at the time of takeover. Proposed is: 5-year lease + 5 years option

No rental bond, conditional that the franchisor holds the head lease (normal situation)

The cost of a new fit-out, in line with the latest requirement, can be included in the asking price

Turnover for FY 2017 is estimated to be almost $575,000. Over the recent years, the store has maintained its sales level (This is important in the current climate)

Staffing currently consists of 2 part-time owners + 8 casuals

Owners hours are paid as worked, like all other staff members, and transparent

Potential return to Owner Operator is $125,000 EBITDA

Finance of 50 - 60% against the business could be available to approved applicants

Asking Price

$ 395,000 + SAV Neg.

($455,000 + SAV with remodel)

The franchise

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 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 1400 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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