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.