Sub Franchise - High Volume & Low Rent Food Court Location ACT

F309/337 Canberra Ave,Fyshwick ACT 2609

$655,000

BusinessSize: n/a
UV: $19,300,000 (2018)
Phone enquiries - please quote property ID 18250

Well known Sub Sandwich franchise store for sale in a high volume shopping centre food court location.

Occupying prime position in the Canberra Outlet Centre food court, this comparatively low rent store is a strong performer, achieving over $925k sales in FY2017, and able to return an estimated profit to working owner of over $265kpa.

With a full team in place, including a long term store manager, operations couldn't be easier. The current owner spends only a few hours per week managing paperwork and rostering, whilst the Store Manager handles all day to day operations in the store.

This store is highly efficient compared to others in the same chain. Store hours are only 9am to 6pm daily, with no late nights or early mornings. With only seven staff on the team, management is a breeze. Full training and support is offered by the Franchisor.



Summary:

Sales over $925kpa
Rent less than 8.0% of turnover
Secure lease until late 2023 with fixed 4% annual increases.
Small 45 square metre store with no dining area or outdoors space to worry about.
Small team of only seven staff, with experienced Manager in place.



The franchise system is on the 'approved' list with many of the large banks, meaning you can potentially secure up to 60% of the purchase price against the business itself.

Don't miss out on this rare gem in such a successful, well known, established chain.

Asking $640k + SAV (around $7k).

Contact now to receive more details

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Key Details

Property Type:Business
Block:8
Section:48
Unimproved Value:$19,300,000 (2018)
Stamp Duty:$0

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What's Nearby

St Benedict's Primary SchoolPrimary School
2.8km
Queanbeyan High School, QueanbeyanHigh School
4.3km
Queanbeyan District Hospital & Health ServiceHospital
5.3km
Riverside PlazaMajor Shopping Centre
5.2km
Australian National UniversityUniversity
8.4km
Narrabundah CollegeCollege
2.9km
Kingston Post OfficePost Office
4.1km
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Fyshwick Suburb Information

 
 
Average Age
49 years
Population
647
Fyshwick Profile
Fyshwick Occupancy

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This listing has been viewed 769 times. It was first displayed on 13/06/17 and last updated on 15/09/19.