This business is being sold after 16 very profitable years for the owners. They are in their late 60’s and are seeking retirement.
The current premises the business is operating from is part of a complex that is due for demolition as part of Scarboroughs major development action. This leaves opportunity for the incoming purchaser to transfer the license to a new premises of choice anywhere in Scarborough. The current premises are well overdue for a refurb so it makes perfect timing.
The obvious place is somewhere in the new beachside precinct that is due to completion early next year, amongst the expected heaving traffic flow and beach goers.
There are several spots that have been outlined and identified by Subway management and the succesful purchaser can work with Subway to open the new store.
The Vendors are seeking $300,000 for the license and goodwill or the Scarborough License with Subway and there is $200,000 allowed in the asking price for the fitout cost of the new shop. This figure is only an approxiate amount and needs to be confirmed directly with Subway.
HUGE POTENTIAL AND OPPORTUNITY for established Subway franchisees or new aspiring franchisees. Full training is provided and a hand over period can be arranged with the Vendors to enable a smooth trasition.
With the development plans Scarborough Beach has allready under way and what is coming, this is truly an exciting proposal that deserves immediate attention.