- Price: $450,000 + SAV
- Categories: Food/Hospitality, Franchise
Centrally located in the heart of Goondiwindi's CBD, Red Rooster has been in the current premises for 35 years. Complete with a drive-through and ample parking in the main street directly outside the premises, this business offers the buyer the opportunity to take advantage of this fantastic location and growing brand.
Red Rooster is a nationally recognised brand that has been in operation since 1977. A true household name that underwent a rebranding and a revitalisation effort around 4 years ago. The numbers speak for themselves and there has been consistent growth year on year ever since.
The owner-operator spends approximately 24 hours per week in-store and approximately 12 hours on the business each week. Opportunity exists for the new buyer to be a full-time owner-operator or there is enough margin to operate the business under management.
No prior experience is required making this the ideal opportunity for those with direct experience and buyers wanting to expand into a new field. Full franchise partner training is provided.
Opportunity exists for the buyer to embrace Ubereats, Menulog, Click - collect and Red Rooster delivery. With none of the delivery methods currently being utilised this may present an opportunity to increase revenue.
BUSINESS SNAPSHOT
$1,930,261 FY 2023 Turnover
$1,687,193 FY 2022 Turnover
$1,384,223 FY 2021 Turnover
$243,219 Adjusted return to owner (3-year average)
STAFF
The permanent part-time member trained as a shift supervisor has been with the business since 2016. Five other staff are also trained as shift supervisors and are retained as casual staff members. The remaining twenty members are all employed casually.
1 Permanent Part Time
26 Casuals
LEASE
Term: 10 Years
Base Rent: $93,376.31 GST inclusive
Commencement: 11 September 2019
Expiry Date: 10 September 2029
Options: 3 Years x 4
Index Rev Dates: Anniversary of commencement date except Review Dates
BUSINESS HOURS
Opportunity exists to expand the current trading hours.
Monday: 10:00am - 8:30pm
Tuesday: 10:00am - 8:30pm
Wednesday 10:00am - 9:00 pm
Thursday 10:00am - 9:00pm
Friday 10:00am - 9:00pm
Saturday 10:00am - 9:00pm
Sunday 10:00am - 8:30pm
Contact marketing broker, Marc Phillips on ---- --- --- or email [email protected] -- ------- ------- ---- -----------.
Please do not approach the staff at the store to discuss the sale of the business. All inquiries must be directed through the marketing broker.
