Business DescriptionRed 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. 7km from the CBD.
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!
Current lease runs until 2023 + 4 x 5 year options
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
For more information, please contact:
0438 189 657