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Code

RB308

Business Type

Sub Franchise

Area

Brisbane North-side – Newmarket

Business Established

2005

Lease Remaining

Expires 20/12/2020 + 5 years option

Approximate Rent (excluding GST) $5,759 ex G.S.T. + Approx. $645 per month outgoings

Trading Hours – Mon – Sat

8.00am – 9.00pm

Trading Hours – Sunday

9.00am – 9.00pm

Approximate Turnover (excluding GST)

2017/2018 $365.274 (9 months)
2016/2017 $519,805
2015/2016 $559,508

Reason for Selling

Other extensive business interests

General Information

The store is located in the major suburban Newmarket Village shopping centre, well frequented by the local population

Newmarket Village is the community’s choice of everyday shopping, located at 400 Newmarket Rd, Newmarket and anchored by a Coles Supermarket and 37 specialties including every day necessities, thriving eateries and specialised medical practitioners.

The centre also houses Reading Cinemas, with 8 wall-to-wall screens including a Gold Lounge.

Features of the franchise include:

Full training prior to settlement

New 20-year franchise agreement

Rental Bond – Nil

SAV approx. $6,000

Franchise transfer fees - Paid by outgoing franchisee

Owners Hours – Nil. Run under full management

Staff Weekly wages - Approx. $2,230 (including Manager)

Approx. RETURN TO OWNER/OP - FY17 $140,000 EBITDA

Financials available

Vendor willing to provide some Vendor Finance - Secured against property!

Asking Price

$295,000 + SAV

The Franchisor

The Franchise was founded in Connecticut, USA, in 1965. The company has since grown into a multi-billion-dollar business, with approximately 44,000 outlets in over 100 countries.

There are approximately 1,300 restaurants in Australia, with all owned and operated by franchisees.

The low-fat menu containing a range of subs with 6 Grams of Fat or less, is popular with customers all around the world.

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