Red Rooster Franchise Business for Sale Wollongong
BACK ON THE MARKET! Red Rooster Bomaderry! Happening service centre, Long lease, good growth trend.
Why buy this Red Rooster Franchise Business
Red Rooster Franchise Business for Sale Wollongong Asking: $199,000
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%)
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 $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
$199,000 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
Reg Butler
