Red Rooster Bathurst! Ideal for Owner Operator or Family! High $40k per week TO!
Red Rooster Bathurst! Ideal for Owner Operator or Family! High $40k per week TO!
Industry :
Food/HospitalitySub Industry :
RestaurantTighly held since 2015, this Red Rooster franchise is now available. The restaurant is situated on the major main street intersection with excellent exposure.
Bathurst is the home of the mighty Supercars.
Red 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.
SPECIFIC FEATURES INCLUDE:
Current Lease expires March 2027 with a 5 year option
Size is 243m2 + Drive Thru + Alfresco seating + car parking
Rent excluding G.S.T. is $15,322 per month + $1,186 per month outgoings
3.5% Annual increases
No rental bond
Established - Long established
Owned by Current Owner since 2015
Fit-out - Current
Training - $12,500 + GST - 8 - 12 weeks (8 courses per year
Franchise agreement is in line with the current term of the lease
+ 5 year option
Franchisors Admin and Legal costs 10,000 + GST
Annual Turnover is the vicinity of $2,056,000 FY2024.
(Approx. break-up - Drive Thru 55% / Dine In, Takeaway and C&C 45%)
Trading Hours are:
Daily 10.00am 10.00pm
Option to trade longer.
SAV approximately $18,000
Staffing -1 full time + 3 part-time + 18 casuals (varies)
Staff wages - Approx $10,220 per week - under management
Return to an Owner Operator is in the vicinity of $142,000 EBIDTA (FY2024) - subject to control of costs in line with Red Rooster benchmarks
A working couple or family will realize great returns for their efforts
Finance of up to 50% may be available to approved applicants
For more information, please contact:
Reg Butler / Glenn Robertson
0438 189 657 / 0408 449 747
reg.b@businessbrokersnetwork.com.au
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email : admin@businessbrokersnetwork.com.au or Call 1300 33 18 14
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$325,000 + SAV
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Buying Advice :
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These include:
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Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
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Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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