Price Reduced, Seller Committed Elsewhere
Here's an opportunity to acquire a fully managed growing store with an impeccable return on Investment with close proximity to Newcastle.
Classic food franchises in Australia don't get more iconic than Red Rooster. After all, it's Australia's first and favourite chicken. Here is a golden opportunity for you to acquire this regional New South Wales franchisee store. Due to family work commitment, the seller will relocate interstate.
The store for sale is a modern concept design having been in operation for more than 7 years and tracking well. Recently refurbished to the latest Red Rooster design and store of the future standard with no further upgrades currently required.
Regretful sale, owner relocating interstate and committed elsewhere. All reasonable offers considered.
Business Snapshot:
- Revenue: Above $2m
- Stock Value: $20,000
- ROI: 40% p/a
- Earning Type: PEBITDA
- Earning Type Value: PEBITDA
- Consistent solid annual sales surpassing the $2m mark over the last three years and still growing in the current 2024 financial year
- Increased weekly sales above $50k per week in the current financial year
- Adjusted profit above $400k
- Very long lease in place with affordable annual rent less than 8% of turnover
Other features of the business include:
- Located on major road heading into the CBD coming of the arterial.
- Surrounded by thriving and ever-expanding housing developments.
- Strong net profit and good cashflow business.
- Modern concept store design with dine in, drive-thru and delivery options.
- Very long, affordable lease in place with options included.
- Long Franchise Agreement in place.
- Store has latest technology with digital menu boards and kiosk ordering.
- Predominantly under full management with the owner spending very minimal hours in the store.
Why Franchise with Red Rooster?
- The franchisor provides 10 weeks extensive training to incoming franchisees.
- Established in 1972 with its first store opening in Kelmscott, Western Australia, Red Rooster now boasts over 345 stores nationally and growing. Red Rooster is still the takeaway you don't have to think twice about. In Western Australia, few would have believed that Red Rooster would grow into Australia's largest roast chicken operation.
- Red Rooster is an iconic Australian brand with a rich history built over four decades and is a leading provider of takeaway chicken in Australia.
- Head Office provides support through their business consultant, national marketing, advertising and training.
FOR SALE: $990,000 + SAV
Contact the exclusive broker:
Bruce Coudrey
Senior Business Broker
Benchmark Business Sales & Valuations
M: 0411 226 888
T: 1300 366 521
If you'd like to know more about this business, go to our website www.benchmarkbusiness.com.au
and use the reference: bus5145 to search for the business.
Please ensure you have the necessary capital before expressing an interest in this business.
The image shown is for illustration purposes only and may not be an exact representation of the business.
Benchmark Business Sales and Valuations
