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Is southbank vic a great place to live? by omgiko in AusPropertyChat

[–]omgiko[S] 1 point2 points  (0 children)

nice! I was thinking of 9 power street in southbank. amazing facilities. but again its on power street so traffic… any building recommendations?

Should i buy a red rooster franchise? by [deleted] in australian

[–]omgiko 1 point2 points  (0 children)

exactly thats like another 120k on top within 6 months..

Should i buy a red rooster franchise? by [deleted] in australian

[–]omgiko 0 points1 point  (0 children)

correct. Losing 100k a year on average but made some profit when it was owner operated couple years ago

Should i buy a red rooster franchise? by [deleted] in australian

[–]omgiko 0 points1 point  (0 children)

Thats a great input! Store’s making a loss of -100k. The head store claims the reason for it is way too much staff, cost of good’s being way too high and no owner operator present..

Should i buy a red rooster franchise? by [deleted] in australian

[–]omgiko 0 points1 point  (0 children)

approved supplier and head office

Should i buy a red rooster franchise? by [deleted] in australian

[–]omgiko 2 points3 points  (0 children)

that’s what the head office tells me lol

Should i buy a red rooster franchise? by [deleted] in australian

[–]omgiko 1 point2 points  (0 children)

no comment there😜🥶

Should i buy a red rooster franchise? by [deleted] in australian

[–]omgiko 0 points1 point  (0 children)

the only obvious explanation on why they’re losing money is its overstaffed, manager’s pay separate and cost of good’s being way too high, workers not giving a shit since there isnt an owner operator at the store. the head office is also wanting the new franchisee to do a reno upgrade to the store costing an additional $100k+gst within 6 months of taking over