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Business Details
Code:
CBN585
Business Type:
Red Rooster
Area:
NSW Erina
Established:
Mmany years
Lease:
Expires February 2028 with a 5 year option
Rent (excl GST):
$11,605 per month + $4,206 per month outgoings
Trading Hours:
Daily 10.00am – 10.00pm
Option to trade longer
No of Staff:
3 full time + 2 part-time + 20 casuals (varies)
Vendor Hours:
Nil
Approx Turnover(excl GST):
In the vicinity of $27,000 per week
$1,432,000 FY2024.
(Approx. break-up - Drive Thru 58% / Dine In 8%, Takeaway 20%,
Online 3PD and catering 14%)
Reason for Sale: Franchisor seeks new franchisee
      General Information

Red Rooster has become Australia's largest roast chicken operator, with some 370+ outlets
across the nation.

The first Red Rooster restaurant opened in 1972 in Kelmscott, Western Australia.

Their product range includes whole roasts, half roasts, wraps, burgers, fish related
products, salads, beverages and desserts.


On offer is the freestanding Red Rooster Erina.

(Erina is a suburb located in the Central Coast region of New South Wales with a
population of approximately 5,000 people.
It located on the coast 7 km from Gosford and 80 km north of Sydney.
It is the largest commercial hub of the Central Coast and is part of the Central Coast
Council local government area)


The Franchisor is seeking a motivated and energetic franchise partner to take this
business to the next level.

This is a fantastic opportunity on the popular Central Coast of NSW.

Truly a lifestyle, sea change with the possibility to be your own boss.

The restaurant is ideally located to take advantage of extended hour trading.


SPECIFIC FEATURES INCLUDE:

Size is 243m2 (tbc) + Drive Thru + Alfresco seating + Car Parking

Annual rent increases are linked to CPI

No rental bond

A Fit-out is required (hence the low asking price). Approx Cost is expected to be in the
vicinity of $150,000 + GST (tbc)

Training ($12,500 + GST - Included in the asking price)
8 - 12 weeks (8 courses per year)

Franchise agreement runs until 2033 (Approx $40,000 + GST - Included in the asking price)
10 year option Neg.

Franchisors Admin and Legal costs ($10,000 + GST - Included in the asking price)

SAV approximately $14,000

Staff wages - Approx $6,675 per week - under management

Return to an Owner Operator is in the vicinity of $48,000 EBIDTA (FY2024) - subject to
control of costs in line with Red Rooster benchmarks
A working couple or family will realize great returns for their efforts, say $120,000
EBITDA


$50,000 price Includes:

Balance of Franchise agreement for current term to 2033 - $40,000 + GST
Training - $12,500 + GST
Franchisor administration and legal costs - $10,000 + GST

Finance of up to 50% may be available to approved applicants

For more information, please contact:

Glenn Robertson / Reg Butler
0408 449 747 / 0438 189 657

reg@brokers.net.au
Asking Price:
$50,000 + SAV
 
For more information, please contact:
Reg Butler on 0438 189 657


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