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Red Rooster franchise - Townsville! Long Lease, Captive customer base!

$595,000

  • ID Ref RB504
  • Suburb Townsville
  • State QLD
  • Status For Sale
  • Red Rooster franchise - Townsville! Long Lease, Captive customer base!

Business Description

Red Rooster franchise - Townsville (Drive Thru location)

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.

The franchise offered 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 neighbourhood, will remain popular for years to come.

CURRENT LEASE
Expires 31/08/2025 + 7 year options

SIZE OF BUSINESS
200m2 + Alfresco seating + Drive Thru

RENT excluding G.S.T.
Rent is $13,512 per month including outgoings

PROMOTIONAL LEVY excluding G.S.T.
$405 per month + GST

ANNUAL INCREASES
3%

RENTAL BOND
3 months rent

BUSINESS ESTABLISHED
2012

TRAINING
10 weeks

FRANCHISE TERM
Until November 2022 + 10 year option

FITOUT
New 2012
Fit out is fine until October 2020 when a minor upgrade is expected (Est $5,000 TBC)
Equipment will be sold unencumbered

ANNUAL TURNOVER (Approx.)
FY 2018 $1,630,000

TRADING HOURS
Daily 9.00am – 10.00pm

STAFFING
8 FT and PT + 16 casuals (varies)

REASON FOR SELLING
Health / Personal reasons

APPROX RETURN TO OWNER/OP’S
$170,000 (FY2018) EBITDA

FINANCE
50 -60% against the business is available to approved applicants

ASKING PRICE
$595,000 + SAV (Est. $10,000)

For more information, please contact:

Reg Butler
0438 189 657

Business Features / Snapshot

Your Business Broker

Reg Butler

Business Location

Townsville, Queensland 4810