$320k tax saving depreciable assets!
Owner will consider all serious offers
-Weekly Sales AV $24k
-Long lease 2041
-$320k in Assets transferable to Buyer
-Newly refurb store (No Refit required)
-Located 28 mins from Perth CBD
-Ideal business for owner operator Franchisee
-Easy to operate in demand Franchise
-On busy arterial road Northern suburbs
-In large shopping village/complex with Cinema
The owner has confirmed that a full and extensive recent refurbishment was fully completed in June 2024. As a result of this renovation $320,000 is available to a Buyer in depreciable assets. This represents a significant saving to a Buyer as a tax deduction via their financial accounts.
A long lease to 2041 offers Buyers security of tenure. Long leases also determine the borrowing capacity of buyers. Banks only lend over the term of the lease so longer the total lease, the repayments are considerably less than over e.g. 5 yrs for a shop/kiosk in a shopping centre.
This Red Rooster has been established at this location since 2011, providing a solid foundation and consistent customer base. Situated in the bustling shopping precinct, the store enjoys a prime location with high foot traffic. Easy access by vehicles off of one of Perth’s busiest thoroughfares.
Overall, this business offers exceptional value and is well-suited for someone looking to be actively involved or to expand their portfolio.
These businesses are in strong demand due to the security provided by the long commercial lease and reasonable rent. Because the Drive Thru businesses are not located inside Shopping Centres, the rent is based on commercial rates not shopping centre rates. Where shopping centres only offer up to a maximum 7 years this lease is for 18 years.
Rarely does a fully renovated Red Rooster Drive Thru business come to market in this price range. This opportunity will have strong demand.
For more information , contact Advance Business Brokers (AU) now!
