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Restaurant business for sale in Brisbane City

  • Restaurant
  • Brisbane City QLD 4000
  • $139,000 + SAV

Red Rooster Brisbane Southside! Built in 2013! Selling below the cost! Suited to owner / operator!

Selling massively below the replacement cost by 100's of thousands of dollars!!!

Requires an owner operator to get in and drive the business!

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.

This Red Rooster franchise is on the Brisbane southside, approx. 15km from the CBD.

Excellent roadside visibility - cannot be not noticed!!!

The business 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 captive intersection traffic flow, will remain popular for years to come.

Current lease expires 06/12/2023 + 2 x 5 years options

Business size is 280m2 + large alfresco seating area

Rent is $13,000 per month, with $2,432 outgoings per month + GST

No rental guarantee bond

Business was recently established in 2013

Franchise term is in ine with the lease

Fit out is fine until October 2020 when a minor upgrade is expected (Est $5,000 TBC)
Equipment will be sold unencumbered
A car is included in the sale

Annual turnover (Approx.) $1,100,000 or $21,000 per week

Trading hours - Daily 10.00am 10.00pm

Reason for selling - Full time employment

Approx return to an owner operator is $75,000 EBITDA

Finance of 50 -60% against the business is available to approved applicants

For more information, please contact:

Reg Butler
0438 189 657

Business Highlights

Business ID2015298378
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Last updated  15 Jun 2019
Map for Brisbane City QLD 4000Brisbane City QLD 4000
Business Brokers Network Australia
Unit 8/747 Fairfield Rd Yeerongpilly QLD 4105

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