Red Rooster franchise! The Lakes, Currajong Townsville, Long Lease until 2046! TO $37,700 per week!
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About this business
In the broker's words
Full description, as written by the brokerRed 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 excluding G.S.T. is $12,607 per month + $5,062 per month outgoings
Annual increases are 3%
No rent rental bond is required
The business has been establish for many years
Owned by Current Owner since July 2015
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 $15,000 + GST
8 - 12 weeks (8 courses per year)
Annual Turnover is 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 EBIDTA (FY2026)
A working couple or family will realize great returns for their efforts, say $225,000 EBITDA
Reason for sale - Downsizing
For financials available
Up to 60% Bank finance may be available to approved applicants
Reg Butler
Glenn Robertson
Location
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