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Code

RB501

Business Type

Red Rooster franchise

Area

Brisbane southside

Business Established

2013

Lease Remaining

Expires 06/12/2023 + 2 x 5 years options

Approximate Rent (excluding GST)

Rent is $13,000 per month + $2,432 outgoings per month + GST

Annual increases 4%

Approximate Turnover (excluding GST)

FY2017

Reason for Selling

Other full time employment interests

General Information

The franchise offered is in a high trafficked area, operating out of a professional
purpose built, drive-thru site. Great parking!

This location, due to the surrounding enterprises and captive traffic flow, will remain popular for years to come.

280m2 + Alfresco area

Franchise term is in line with the lease until 2023

Franchise fees 5% of turnover
Franchise marketing levy 4.5% of turnover

Franchise entry costs $15,000 + GST.

Training 8 weeks

Fit out is fine until October 2020 when a minor upgrade is expected (Est $5,000 TBC)

Equipment will be sold unencumbered

A car is included in the sale

SAV is approximately $10,000

Return to working owner/operator is in the vicinity of $75,000 EBITDA

Finance of 50 -60% against the business is available to approved applicants

Asking Price

$150,000,000 + SAV (Est $10,000)

 

Red Rooster is an Australian and New Zealand fast food restaurant chain founded in 1972. They specialize in roast chicken.

There are over 360 Red Rooster stores throughout Australia.

For more information, please contact:
 Reg Butler  0438 189 657
reg@businesses.net.au
  
 
 
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