Price Reduced – Long lease to 2041
- T/O FY23 $1.8m+
- Net profit FY 23 $274k+
- Weekly Sales AV $36k FY23
- Franchise Agreement until May 2025
- Long Lease to 2041
- Drive-Thru Mega Store
- Indoor Seating
- Located within the shopping centre precinct
- Solar on Roof – huge electricity savings
- Under Management
This store with a net profit to 30 June 23 of $274k+ represents excellent value.
At $274k+ net profit for FY 2023, including add backs, equals a multiple of 2.4 not the usual 3 x net Red Rooster Drive Thru stores usually sell for.
The price has been reduced by over $150k and represents excellent value.
This Megastore Red Rooster is a strong performer in the Red Rooster WA group. Red Rooster sales have increased dramatically in the last year with the introduction of Fried Chicken options.
Drive Thru businesses make for great long term investments and usually operated under management, making for good passive income investment opportunities.
The store is in a prime location at the front of a busy shopping centre complex. The business has a long lease till 2041 which provides long term security of tenure for a Buyer.
This store has been increasing in sales at a great rate and should continue to grow as Red Rooster is putting more into marketing on a national level.
The current owner attends the store once a week to work with the store manager on the business, but if the new franchise partner works in the store, it will grow at a greater rate than its existing growth.
An excellent investment for a buyer looking for an opportunity to have under management at a later date and enjoy a good passive income or expand to more stores.
Act quickly to secure this opportunity of food franchise for sale Perth.
Advance Business Brokers (AU) Business Broker Perth.
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