Under Offer 31/10/2022
Under Offer! Lifestyle Opportunity Working With A Global Brand Newcastle University, NSW
Bs145439, Newcastle NSW 2300
$99,000
BusinessSize: n/a
Business ID: BS145439
Income to working owner $100K+ Sale Price $99,000 plus SAV
Located in the Callaghan Campus of Newcastle University, this Subway store provides a great lifestyle opportunity for an astute buyer. Opening for only 39 hours per week with no weekend, night time, public holiday trading and a 2 week close over Xmas, this store provides the buyers with the support of a proven system and the time to enjoy life outside of work.
Multi unit owners are downsizing and selling this well established store. The store is ideal for a working couple. Good profit margins that could be improved with hands on owners.
-FY21 turnover on target to exceed $380K
-Established in current location for 13 years
-Operates 4.5 days Mon Fri only
-No weekend trade
-No evening/night trade
-No public holiday trading
-Lease in place until October 2024
-New lease anticipated
-Monthly rent $2,917 + GST, including outgoings
-All fixtures, fittings, equipment and smallwares included
-Well trained staff in place and willing to stay on
-Low transfer fee includes training and ongoing support
A 10% deposit is required with the balance being due on Settlement. The purchaser will receive initial training instore followed by further training at the Franchisors head office.
This is an opportunity to work with one of the worlds largest brands and take over a very well run store that achieves good turnover and profit from short opening hours.
Asking Price: The goodwill and assets of the business are available for $99,000. Stock will be charged separately and is currently held at around $8,000
Income to working owner $100K+ Sale Price $99,000 plus SAV
Located in the Callaghan Campus of Newcastle University, this Subway store provides a great lifestyle opportunity for an astute buyer. Opening for only 39 hours per week with no weekend, night time, public holiday trading and a 2 week close over Xmas, this store provides the buyers with the support of a proven system and the time to enjoy life outside of work.
Multi unit owners are downsizing and selling this well established store. The store is ideal for a working couple. Good profit margins that could be improved with hands on owners.
-FY21 turnover on target to exceed $380K
-Established in current location for 13 years
-Operates 4.5 days Mon Fri only
-No weekend trade
-No evening/night trade
-No public holiday trading
-Lease in place until October 2024
-New lease anticipated
-Monthly rent $2,917 + GST, including outgoings
-All fixtures, fittings, equipment and smallwares included
-Well trained staff in place and willing to stay on
-Low transfer fee includes training and ongoing support
A 10% deposit is required with the balance being due on Settlement. The purchaser will receive initial training instore followed by further training at the Franchisors head office.
This is an opportunity to work with one of the worlds largest brands and take over a very well run store that achieves good turnover and profit from short opening hours.
Asking Price: The goodwill and assets of the business are available for $99,000. Stock will be charged separately and is currently held at around $8,000
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No open inspections scheduled.
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Key details
Property type:
Business
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SummaryMedian sales
Average Age
42 years
Population
3,852
Listing ID: 181101401. This listing has been viewed 13 times. It was first displayed on 31/10/2022 and last updated on 31/10/2022.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.