Red Rooster franchise - Albury Wodonga! Ideal for Owner Operator! Low entry price!
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About this business
In the broker's words
Full description, as written by the brokerRed 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 freestanding Red Rooster Wodonga franchise.
Franchisor is seeking a motivated owner operator to take this good business and make it great.
The restaurant is ideally located to take advantage of 24 hour trading
SPECIFIC FEATURES INCLUDE:
Current Lease expires April 2033 with 3 x 5 year options
Size is 243m2 + Drive Thru + Alfresco seating + Car Parking
Rent excluding G.S.T. is $14/328 per month + $2,182 per month outgoings
Annual increases are CPI capped at 6%
No rental bond
Established many years
Minor fit-out due and will need to be done within 6 months- (Approx Cost $100,000 + GST tbc)
Training ($15,000 + GST - Included in the asking price)
8 - 12 weeks (8 courses per year)
New 10 year Franchise agreement (Currently $50,000 + GST - Included in the asking price)
+ 10 year option
Franchisors Admin and Legal costs ($10,000 + GST - Included in the asking price)
Annual Turnover is the vicinity of $1,625,000 FY2024.
(Approx. break-up - Drive Thru 49% / Dine In 21%, Takeaway 6%)
Trading Hours are:
Daily 10.00am 10.00pm (Friday 10.00pm)
Option to trade longer
SAV approximately $14,000
Staffing -3 full time + 2 part-time + 20 casuals (varies)
Staff wages - Approx $9,000 per week - under management
Return to an Owner Operator is in the vicinity of $148,000 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
$50,000 price Includes:
Initial 10 year franchise agreement - $50,000 + GST
Training - $15,000 + GST
Franchisor administration and legal costs - $10,000 + GST
Finance of up to 50% may be available to approved applicants
Glenn Robertson / Reg Butler
Location
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