Red Rooster Drive Thru - $899K + Sav
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This Red Rooster has been operating since November 2013 and has been with the current owner since 1 July 2014. One of the newest stores in the State. Only two other locations have opened since this store opened.
- Drive Thru
- Under Management - Manager earns approx.. $80k per anum
- Very long lease until 2044 including options
- Franchise Agreement until 2024
- T/O FY 16 $1.6m+
- Car - delivery vehicle included
- Showing annual increase nearly 10% since 2015
- No Goodwill sale price all Plant & Equipment which can be depreciated and represents possible saving $270,000
- Outdoor seating
The store has experienced massive growth since opening in late 2013. It would suit an owner operator who can save on the managers wage and provide the personal touch that an owner operator brings to the business.
A excellent investment opportunity for a buyer looking for a high level of income with the opportunity to either have under management at a later date and enjoy a good passive income or possibly expand to more stores.
These Drive thru businesses are in strong demand due to the security provided by the long commercial lease and reasonable rent. The term of the lease also determines the borrowing capacity of buyers and substantially reduce re-payments.
Contact Angela on 0416 109 017 or E: email@example.com if any questions after viewing the documents available via the Advance Business Brokers website. Registration to view and access the NDA is below.