- Price: $199,000 + SAV
- Categories: Food/Hospitality
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 is located inside a major travel and fast-food service centre on Princes Highway.
You can order in-store, or get delivery using platforms like Uber Eats or DoorDash.
Other tenants in the complex include Hungry Jack's Burgers, Domino's Pizza, Shell & Reddy Express Service, Bridgestone Select Tyre & Auto
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 -.-.-. is $16,423 per month and includes outgoings + $100 admin fee
3% Annual increases
No rental bond
Established recently in 2021
Run under management agreement
Fit-out is current. Due 2031 (est cost $120k)
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
Franchisor's Admin and Legal costs ($10,000 + GST - Included in the asking price)
Annual Turnover is the vicinity of $1,938,896 (FY2025).
(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 (Plus GST of $7,250 - recoverable)
Price Includes:
Initial 10 year franchise agreement - $50,000 + GST
Training - $12,500 + GST
Franchisor administration and legal costs - $10,000 + GST
Buyer will also need to pay for a background check - $795 + GST This is paid directly to an independent company.
BANK Finance of up to 50% may be available to approved applicants
Reason for sale - Franchisor seeks new franchise partner
