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Red Rooster franchise - North Lakes! Long Lease until 2039! Near $39,000 per week TO!
QLD QLD

Red Rooster franchise - North Lakes! Long Lease until 2039! Near $39,000 per week TO!

Asking price $350,000 + SAV
Industry Food/Hospitality
Location QLD, QLD

About this business

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 a Drive thru and dine in Red Rooster franchise, prominently located in the thriving North Lakes area.

FEATURES INCLUDE:

Current Lease expires Feb 2029 + 1 x 10 year option

Rent excluding G.S.T. is $16,544 per month + $1,405 per month outgoings tbc

3.5% Annual increases

No rent rental bond required

Established many years

Very well-appointed restaurant - NO imminent refurbishment is required (extensively completed 3 years ago)

Franchise agreement current until June 2031 + 10 year option

Franchisors Admin and Legal costs $10,000 + GST

Training $12,500 + GST
8 - 12 weeks (8 courses per year)

Annual Turnover is the vicinity of $2,015,000 (FY2025)

Trading Hours are:
Daily 9.00am 11.00pm
Option to trade longer

SAV approximately $12,000

Staffing -1 full time manager + 5 full-time + 22 casuals (varies)
Staff wages - Approx. $9,400 per week - under management + superannuation

Return to an Owner Operator is in the vicinity of $133,000 - $150,000 EBIDTA (FY2025)
A working couple or family will realize great returns for their efforts, say $200,000 - $220,000 EBITDA

Reason for sale - Restructuring / downsizing

For more information, please contact:

Reg Butler
0438 189 657

reg.b@businessbrokersnetwork.com.au

Detailed financials and trading history are available under a confidentiality agreement.

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Confidential enquiry

Detailed financials, trading history, and lease terms are available under a standard confidentiality agreement. Get in touch with the BBNA broker managing this mandate.

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