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Business Details
Code:
RB501
Business Type:
Red Rooster
Area:
Southside
Established:
2013
Lease:
Expires 06/12/2023 with 2 x 5 year options
Rent (excl GST):
$13,000 per month + Outgoings of $2,432 per month + GST
Trading Hours:
10.00am 10.00pm everyday
No of Staff:
1 Full time + 11 Casuals

Vendor Hours:
Minimal
Approx Turnover(excl GST):
CY 2018 $1,113,270
Reason for Sale: Full time employment
      General Information

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

There are approximately 350 Red Rooster stores in Australian.

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

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

Annual increases 4%

No rental bond

Franchise term is in line with the lease until 2023

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


For more information, please contact:

Reg Butler
0438 189 657
reg@brokers.net.au

Asking Price:
$139,000 + SAV
 
For more information, please contact:
Reg Butler on 0438 189 657


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