Could not setup a sub franchise for this price

Sub Franchise Priced To Sell,Canberra ACT 2601

$150,000

BusinessSize: n/a

Owners instructions is he wants to be able to look at moving so the business must be sold. Attractive price on offer to sell the business.  Vendor will perform the fit out requested by the franchisor as part of the price so a new owner can just walk in.

General Description
This small format sub sandwich franchise is very easy to manage, and sales are very consistent. Some of the strong points about this business:

Owner worked part time in the business up until September 2018
The business now is fully staffed with little time spent by the owner in store
Rent is very reasonable for the location
Easy franchise to run with still plenty of upside

Whilst the business is run under management it generates a profit of approx $30,000. So it is the perfect business for a new owner to begin working in the business, save on staff costs, build it back up and then look at putting back under management.

Potential
The Civic area is continuing to grow. With further developments including apartments and Government and commercial tenants, it will only bring more customers to the area including this business.

Features
Simple food menu
Customers are mostly takeaway orders
Strong sub franchise brand
Easy format store to run with minimal staff

Premises
Located in middle of Civic so plenty of walk past traffic and surrounded by commercial and Government buildings
5 Tables inside for customers so encourages takeaway
Minor refit to reflect the subway branding will be required - has been factors as part of the asking price

Location
Civic

Trading Hours
Monday to Sunday

Lease
Lease runs to 30 June 2024
Very reasonable rent

Financials
Sales per week $7,900
Gross Profits averaging 69%
Profit Under Management $30,000

Price
$150,000 + SAV
Stock at value approx $10,000

Like More Information - Confidentiality Agreement
To release further details about this business a confidentiality agreement must be completed - takes about 1 minute. This can be done by following the instructions below:

1) Go to http://www.bbbrokers.com.au/sub-sandwich-civic.html
2) Click on the "Enquiry" button at the bottom of the screen
3) Enter your details, including something in the comment area and click "Submit"

Inspections

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

Key Details

Property Type:Business
Stamp Duty:$0

What's Nearby

Ainslie Primary School, AinsliePrimary School
1.3km
Campbell High School, CampbellHigh School
1.7km
Calvary Private HospitalHospital
5km
Canberra CentreMajor Shopping Centre
0.4km
Australian National UniversityUniversity
1.1km
Merici CollegeCollege
1.8km
City Post OfficePost Office
0.4km
Brindabella Business Brokers

Canberra Suburb Information

 
 
Average Age
24 years
Population
2,824
Canberra Profile
Canberra Occupancy

Contact agents

Brindabella Business Brokers

Brindabella Business Brokers

View agency details
Jason KloseBrindabella Business Brokers
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This listing has been viewed 233 times. It was first displayed on 19/07/19 and last updated on 09/09/19.