UNDER OFFER Red Rooster Grafton! Ideal for Owner Operator or Family! Low entry price
NSW North Coast Region, New South Wales
Summary
Under Offer
Contract Type
New South Wales
State
Under Contract / Offer
Price
FranchiseRestaurantRetailerTakeaway Food
Features
Description
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 Red Rooster South Grafton franchise. This restaurant is situated beside a busy BP Service Station and Convenience store on a major road, amid other well-known fast food operators. There are plenty of reasons to frequent or pass by the location.
The BP Service Station and Convenience Centre is open 24 hours
The restaurant is ideally located to take advantage of 24 hour trading
SPECIFIC FEATURES INCLUDE:
Current Lease expires May 2025 with 3 x 5 year options
Size is 167m2 + Drive Thru + Alfresco seating
Rent excluding G.S.T. is $10,330 per month + $1,850 per month outgoings
3% Annual increases
No rental bond
Established in May 2015 Owned by Current Owner since April 2023
Minor fit-out due 2028 - (Approx Cost $80,000 tbc)
Training ($12,500 + GST - Included in the asking price) 8 - 12 weeks (8 courses per year)
New 10 year Franchise agreement (Currently $50,000 + GST - Included in the asking price) + 10 year option
Franchisors Admin and Legal costs ($10,000 + GST - Included in the asking price)
Annual Turnover is the vicinity of $1,577,000 FY2024. There are currently NO 3rd Party deliveries (possibility to introduce) (Approx. break-up - Drive Thru 55% / Dine In, Takeaway and C&C 45%)
Staffing -1 full time + 2 part-time + 12 casuals (varies) Staff wages - Approx $8,000 per week - under management
Return to an Owner Operator is in the vicinity of $210,000 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
$125,000 price Includes:
Initial 10 year franchise agreement - $50,000 + GST Training - $12,500 + GST Franchisor administration and legal costs - $10,000 + GST
Finance of up to 50% may be available to approved applicants
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