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DealProspect/Listings/Food & Beverage

Red Rooster Franchise, North Lakes

Takeaway

ActiveFood & BeverageQueenslandB2C
Asking price
~$362,000
est. from headline + $12,000 stock · AUD
Revenue
$2,015,000
TTM
Earnings (est.)
~$308,184
Estimated · comparable listings of this type and size · typically within ±30%
Implied multiple (assumed)
~1.2×
Assumed · estimated price ÷ estimated earnings (as advertised)

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
$350,00059% above the median of $220,000
Revenue
$2,015,000median is $935,000
Revenue multiple
0.17×0.29× across the market; 0.25× for bigger ones, 0.33× for smaller
Time listed
0 daysrecently listed

Takeaways in Queensland

Takeaways for sale in Queensland (103) →
Listed
103
+29 in 30 days
Median asking
$220K
101 priced
Median revenue
$935K
67 disclose
Earnings multiple
1.7×
27 listings
Price drops
8
in 30 days
Asking price spread101 of 103 state a price
This listing · $350K
21%
31%
36%
11%
2%
Under $100K$1M–$2.5M

Australia 1247 · Victoria 943 · New South Wales 158 · Western Australia 22 · South Australia 11

Cafes 147 · Automotive workshops 79 · Restaurants 75 · General retail businesses 74 · Manufacturing businesses 60 · Wholesale and distribution businesses 57

Priced like this one

Takeaways for sale in Queensland (103) →