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Code

RB511

Business Type

Red Rooster franchise

Area

Brisbane Southside (7km from CBD)

Business Established

2013

Lease Remaining

expires 2023 + 3 x 5 year options

Approximate Rent (excluding GST)

$12,150 inc Outgoings

Approximate Turnover (excluding GST)

FY2019 $1,600,000

Reason for Selling

Retirement

General Information

This Red Rooster franchise has excellent roadside visibility - cannot but not noticed!!!

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

Business size is 200m2 + large alfresco seating area

Rent is $12,100 per month + GST

No rental guarantee bond

Business was recently established within the last 5 years

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


Equipment will be sold unencumbered
A car is included in the sale

Annual turnover (Approx.) $1,600,000 or $30,700 per week

SAV approx. $10,000

Trading hours - Daily 9.00am – 10.00pm

Reason for selling - Retirement

Approximate return to an owner operator is 12.5% of turnover EBITDA

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

Asking Price

$545,000 + 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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