Townsville, Queensland 4810

Red Rooster franchise - Townsville! Long Lease, Captive customer base!

For Sale | $595,000

Franchise Restaurant Takeaway Food

Red Rooster franchise - Townsville (Drive Thru location)

Red Rooster is an Australian and New Zealand fast food restaurant chain founded in 1972. They specialize in roast chicken.

There are over 360 Red Rooster stores throughout Australia.

The franchise offered is in a high trafficked area, operating out of a professional
purpose built, drive-thru site. Great parking!

This location, due to the surrounding enterprises and neighbourhood, will remain popular for years to come.

Current Lease expires 31/08/2025 + 7 year options

Business size 200m2 + Alfresco seating + Drive Thru

Rent ex GST is $13,512 per month including outgoings. Prom levy excluding G.S.T. $405 per month

Business was established in 2012

Full training provided prior to takeover - 10 weeks

Franchise term until November 2022 + 10 year option

Fit out is fine until October 2020 when a minor upgrade is expected (Est $5,000 TBC)
Equipment will be sold unencumbered

Annual turnover (Approx.) FY 2018 $1,630,000

Trading hours daily 9.00am 10.00pm

Return to full time Owner / Operator $170,000 (FY2018) EBITDA

Finance of 50 -60% against the business is available to approved applicants


For more information, please contact:

Reg Butler
0438 189 657

Share

Contact


Reg Butler



Marketing By


Reg Butler

Business Brokers Network

Overview

This Franchise Business is one of 18 businesses for sale in North Queensland, Queensland, and one of 33 Franchise Businesses in this region that a business for sale currently has on offer. This Franchise Business is for sale in North Queensland for the asking price of $595,000 and has been marketed for a while and is definitely worth another look as it is sure to be snapped up soon..