Subway Restaurant for sale!! Highly Profitable location!!
Amazing opportunity to own this store at prime location in Scarborough.
High Potential to increase the sales!!
Please see below Profit Calculation:
Current AUV (Average sale) 2024 (So far): $8700/Week = Approximate $452,400/Year
AUV 2023: $8116/Week = $422,032/Year
AUV 2022: $8639/Week = $449,228/Year
AUV 2021: $10,424/Week = $542,048/Year
Rent: $3200/Month = $38,400/Year (No TMI)
Royalty + Advertisement fees: 12.5%= $56,550/Year
Food Cost: 30% = $135,720/Year
Team Member Expense: $1810/Week = $94,120/Year
Utilities Cost (Hydro + Enbridge + Internet and Phone): $13,000/Year
Total Expense: $337,790/Year
Profit: $114,610/Year
Current Lease expiring on Jan 2025 but has 2 renewal options, each with 5 years (Total 10 years renewal options). No TMI. It’s a Gross Lease. You just pay $3200/month and nothing else. No TMI adjustment at the end of the year, no TMI increase. This is the Best Lease you can get in business.
Remodel is due by Dec 2024. New Owner needs to take responsibility for it and Listed price is adjusted considering this.
Asking for $1 to $0.80 for this amazing location with amazing lease and amazing profit margin.
Only serious Buyer inquiry.
Please do not talk with team member directly.
