Red Rooster Bomaderry! Lifestyle location! Happening service centre, Long lease, good growth trend.
NSW Country West Region, New South Wales
Summary
For Sale
Contract Type
New South Wales
State
$475,000 + SAV
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 Bomaderry franchise. This restaurant is situated on the ever-busy Princess Highway in a convenient service centre. There are plenty of reasons to frequent or pass by the location.
The restaurant is ideally located to take advantage of 24 hour trading
SPECIFIC FEATURES INCLUDE:
Current Lease expires January 2030 with 1 x 10-year option
Size is 243m2 + Drive Thru + Alfresco seating + Car parking
Rent excluding G.S.T. is $15,942 per month and includes outgoings
3% Annual increases
No rental bond
Established recently in 2021 Owned by Current Owner since then
Fit-out is current
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 $1,848,447 (FY2024). (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 $162,000 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
$475,000 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
Reason for sale - Franchisor seeks new franchise partner
This business has been added to your save list now.
Confidentiality Agreement
Do you have an account with us already? If so please login first Login Now.
To receive details on the selected business please complete the Confidentiality Agreement below and your broker will be in touch with you shortly. Note: all information marked with * is required. A username and password will be emailed for you to access our website or you can create your own profile first.
Please complete this form in FULL. Our vendors request all this information to be completed in full so that we may ascertain your ability to proceed to settlement without complication.