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Code

RB515

Business Type

Sub Franchise

Area

Brisbane Northside (7km from CBD)

Business Established

2008

Lease Remaining

Expires 14/01/2021 + 2 x 5 year options

Approximate Rent (excluding GST)

$4,122 per month + $760 per month outgoings

Trading Hours – Mon – Fri

7.00am – 8.00pm

Trading Hours – Sat - Sun

8.00am - 8.00pm

Approximate Turnover (excluding GST)

2018/2019 $479,000 (estimate)
2017/2018 $431,539 (adjusted)
2015/2016 $475,487

Reason for Selling

Relocating overseas

General Information

The suburb is considered an upmarket, desirable area and has a number of heritage-listed sites

The franchisee offered is located on a busy major road on prominent corner position, with high visibility from two main roads


Business features include:

65m2 + Alfresco (2 tables + 7 seats)

Rental Bond - Nil

New Franchisee entry costs - Nil

Franchise term - new 20 year agreement

No prior experience is needed. Full training is provided by the franchisor prior to settlement

Fit-out - current until Mid 2022

Equipment will be sold unencumbered

Staffing - 1 full-time manager + 8 casuals
Owners hours - Minimal operational due to fulltime employment

Currently run mainly under management, great potential for hands on operator/s.

Return to owner operator is in the vicinity of $114,000 EBITDA profit per year for one owner working 40 hours per week

Finance - of up to 50% against the business is available to approved applicants

Asking Price

$185,000

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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