Red Rooster Franchise, North Lakes

Red Rooster Franchise, North Lakes — Food & Beverage · North Lakes · Asking $350,000 + SAV · Revenue $2,015,000

Drive-thru and dine-in Red Rooster franchise in the growing North Lakes area Restaurant was extensively refurbished about three years ago, so no refurbishment is needed soon Open every day until late, with an option to trade longer Lease has a ten-year option, no rental bond and 3.5% annual increases Franchise agreement runs to 2031 with a further ten-year option Run with a manager, full-time…

DealProspect/Listings/Food & Beverage

Red Rooster Franchise, North Lakes

Takeaway

ActiveFood & BeverageQueenslandB2C

Find funding for this deal →View original listing ↗

Asking price

Revenue

$2,015,000

TTM

Earnings (est.)

Implied multiple (assumed)

Brief

Drive-thru and dine-in Red Rooster franchise in the growing North Lakes area
Restaurant was extensively refurbished about three years ago, so no refurbishment is needed soon
Open every day until late, with an option to trade longer
Lease has a ten-year option, no rental bond and 3.5% annual increases
Franchise agreement runs to 2031 with a further ten-year option
Run with a manager, full-time staff and a casual team

How it compares

Takeaways in Queensland · asking prices

31% below bigger takeaways here

Bigger takeaways here ask a median 0.25× revenue. On its $2,015,000 revenue, that points to about $507,000; reads like this are typically within 30%, so $355,000 to $659,000. It asks $350,000.

Asking price: $350,00057% above the median of $222,500
Revenue: $2,015,0003rd biggest of 67
Revenue multiple: 0.17×0.28× across the market; 0.25× for bigger ones, 0.33× for smaller
Time listed: 25 daysno price change

Takeaways in Queensland

Takeaways for sale in Queensland (106) →

Listed

106

+28 in 30 days

Median asking

$223K

104 priced

Median revenue

$935K

67 disclose

Earnings multiple

1.7×

28 listings

Price drops

in 30 days

Asking price spread104 of 106 state a price

This listing · $350K

22%

31%

35%

11%

Under $100K$1M–$2.5M

Australia 577 · Victoria 314 · New South Wales 115 · Western Australia 22 · South Australia 10

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