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CABOOLTURE, QLD
BACK ON THE MARKET! Red Rooster Caboolture Lakes! Ideal for working couple! Long Lease until 2035
QLD
Food/hospitality · Retailer
$95,000 + SAV
BACK ON THE MARKET! Red Rooster Caboolture Lakes! Ideal for working couple! Long Lease until 2035Red 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 Caboolture Lakes franchise. The store is situated as part of a strip shop and operates without a drive-thru.Franchisor is seeking a motivated owner operator to take this good business and make it great.SPECIFIC FEATURES INCLUDE:Current Lease expires January 2027 and has an 8 year optionSize is a manageable 78m2Rent excluding G.S.T. is $6,215.76 + $985 per month outgoingsAnnual increases are 3.5%3 months rental bondEstablished 2011No refurbishment requiredTraining ($15,000 + GST - Included in the asking price)8 - 12 weeks (8 courses per year)Franchise agreement current until January 2035 ($15,000 + GST - Included in the asking price)Franchisors Admin and Legal costs ($10,000 + GST - Included in the asking price)Annual Turnover is the vicinity of $1,112,739 FY2025.Trading Hours are:Daily 10.00am 10.00pmSAV approximately $14,000Staffing -1 full time + 2 part-time + 15 casuals (varies)Staff wages - Approx $6,500 per week - under managementReturn to an Owner Operator is in the vicinity of $118,000 EBIDTA (FY2025) - subject to control of costs in line with Red Rooster benchmarksA working couple or family will realize great returns for their efforts$140,000 price Includes:Balance of franchise agreement - $15,000 + GSTTraining - $15,000 + GSTFranchisor administration and legal costs - $10,000 + GSTFinance of up to 50% may be available to approved applicantsFor more information, please contact:Glenn Robertson / Reg Butler0408 449 747 / 0438 189 657reg.b@businessbrokersnetwork.com.au
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