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Code

RB320

Business Type

Sandwich Franchise

Area

Redland Bay, Brisbane

Business Established

Since 2012

Lease Remaining

until June 2011 + 7year option

Approximate Rent (excluding GST)

$2,550 per month, include Outgoings

Trading Hours –

Mon – Tue

Wed - Thurs

 

7.00am – 8.00pm

7.00am – 8.30pm

 

Trading Hours – Fri - Sat

8.00am – 9.00pm

8.00am – 8.00pm

Approximate Turnover (excluding GST)

 $450,000

Reason for Selling

Retirement / Downsizing

General Information

Redland Bay is a township some 35 km  south-east of Brisbane. In the 2011 census, Redland Bay recorded a population of 13,624 people.

 

Redland Bay has remained a farming and fishing-based area until the mid-20th century when some of the farms were subdivided and improved transport infrastructure made it possible for residents.

 

The township has long been the port for vessels plying the bay islands including, Russell Island, Macleay Island, Karragarra Island, Lamb Island and North Stradbroke Island, home to several thousand residents enjoying an idyllic, sub-tropical lifestyle.

The Franchise is situated on a small roadside shopping centre on Broadwater Terrace, with great roadside exposure.

The fit-out is current until late 2020 and well maintained

Staffing consists of Manager + 10 casual employees

Owners hours are Nil (The store is primarily run under management)

Based on the FY2018 result, the potential return was in the vicinity of $85,000 EBITDA to a fulltime owner operator

Full financials available

Asking Price

$ 225,000 + SAV Neg.

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 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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