Bargain – Act quickly –
- T/O FY 22 $1,380k
- Net profit FY 22k $147k
- Weekly Sales AV $27k+ FY 23
- Under Management
- Long lease 2041
- Franchise Agreement until May 2025
- Located 28 mins from Perth CBD
- Ideal business for owner operator Franchisee
- Easy to operate in demand Franchise
- Outstanding opportunity for an astute buyer
Current owner has been operating from this store since 2017 and the business has been established and operating as a Red Rooster from this location since 2011.
The store is in a great location in a busy Northern suburb shopping precinct.
This business represents extremely good value and ideally suits an owner operator interested in working in the business.
These businesses are in strong demand due to the security provided by the long commercial lease and reasonable rent. Because the Drive Thru businesses are not located inside Shopping Centres, the rent is based on commercial rates not shopping centre rates. Where shopping centres only offer up to a maximum 7 years this lease is for 18 years.
The term of the lease also determines the borrowing capacity of buyers. Banks only lend over the term of the lease so when lease is for 18 + years the repayments are considerably less.
Rarely does a Red Rooster Drive Thru business come to market in this price range. This opportunity will have strong demand.
Act quickly to secure this opportunity of food franchise for sale Perth.
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