- Price: $650,000 + SAV
- Categories: Food/Hospitality
Red Rooster is Australia's largest homegrown fast-food chicken chain, founded in Western Australia in 1972.
Headquartered in Sydney and owned by Craveable Brands, the company operates a franchised network of roughly 325 restaurants nationwide.
Townsville is the thriving coastal capital of North Queensland and home to over 204,000 residents.
It seamlessly blends a relaxed, sun-drenched lifestyle with the infrastructure of a major administrative and industrial hub. The city averages 320 sunny days a year.
As Northern Australia's strategic gateway, Townsville hosts the country's largest military base, a bustling international seaport, and world-renowned marine research facilities, including James Cook University.
The Lakes Food Precinct is a convenient casual dining and fast food hub located on Woolcock Street and Attlee Street in Currajong
RED ROOSTER THE LAKES FEATURES INCLUDE:
Current Lease expires August 2032 + 1 x 5 year options
Rent is $12,607 per month + $5,062 per month outgoings
Annual increases are 3%
No rental bond is required
The business has been established for many years
Owned by Current Owner since July 2015
A remodel was completed during 2021. No imminent refurbishment is required
The current franchise agreement is current until August 2027 + a 10 year option
Franchisors Admin and Legal costs $10,000 + GST
Franchise Agreement $50,000 + GST
Training $12,500 + GST
8 - 12 weeks (8 courses per year)
Annual Turnover is in the vicinity of $1,960,000 (FY2026)
Trading hours are:
Daily 10.00am - 9.00pm
The opportunity is there to trade longer
SAV (Stock at Value) is approximately $10,000
Staffing consists of 3 full-time + 15 casuals (varies)
Staff wages are approximately $8,600 per week (Includes Manager and superannuation)
Return to an owner-operator is in the vicinity of $173,000 EBITDA (FY2026)
A working couple or family will realize great returns for their efforts, say $225,000 EBITDA
Reason for sale - Downsizing
Financials are available.
Up to 60% Bank finance may be available to approved applicants
