Business DescriptionSelling massively below the replacement cost by 100's of thousands of dollars!!!
Requires an owner operator to get in and drive the business!
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.
This Red Rooster franchise is on the Brisbane southside, approx. 15km from the CBD.
Excellent roadside visibility - cannot be not noticed!!!
The business 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 intersection traffic flow, will remain popular for years to come.
Current lease expires 06/12/2023 + 2 x 5 years options
Business size is 280m2 + large alfresco seating area
Rent is $13,000 per month, with $2,432 outgoings per month + GST
No rental guarantee bond
Business was recently established in 2013
Franchise term is in ine with the lease
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
Annual turnover (Approx.) $1,100,000 or $21,000 per week
Trading hours - Daily 10.00am – 10.00pm
Reason for selling - Full time employment
Approx return to an owner operator is $75,000 EBITDA
Finance of 50 -60% against the business is available to approved applicants
For more information, please contact:
0438 189 657