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
Fit-out- Minor fit-out due after settlement - (Approx Cost $60,000 - Will be deducted from the asking price)
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%)
Trading Hours are:
Daily 9.00am 9.00pm (Friday 10.00pm)
Option to trade longer
SAV approximately $14,000
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
Price is determined as:
$285,000 less $60,000 discount for remodel at Buyers expense = $225,000 + SAV ($14,000)
$225,000 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
For more information, please contact:
Reg Butler / Glenn Robertson
0438 189 657 / 0408 449 747
reg.b@businessbrokersnetwork.com.au
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