Townsville, Queensland 4810
Red Rooster franchise - Townsville! Long Lease, Captive customer base!
For Sale | $595,000
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:
0438 189 657