Oporto Fortitude Valley, Long Lease until 2047, $44,000+ per week TO, Profitable

Yesterday, 6:39pm

Send an enquiry

By clicking on Send you agree to accept the SEEK Business Privacy Policy and Terms & Conditions.
 

Summary

Oporto Fortitude Valley, Long Lease until 2047, $44,000+ per week TO, Profitable to working owner/s

About the Business

Established in 1986, Oporto Holdings Pty Ltd is an Australian fast food restaurant franchise with a Portuguese theme.

Oporto specialises in Portuguese style chicken and burgers.

Oporto It is a owned by parent investment firm PAG Asia Capital, which also owns the Red Rooster and Chicken Treat restaurant chains.

There are approximately 200 Oporto restaurants in Australia.

Oporto has carved a unique place for itself in the Australian food industry.


On offer is the Oporto Fortitude Valley franchise. This restaurant is situated within the thriving Fortitude Valley precinct.


SPECIFIC FEATURES INCLUDE:

Current Lease expires November 2032. There are 3 x 5 year options

Size is 144m2 + a small Alfresco seating area

Rent excluding G.S.T. is $15,494 per month + $200 per month outgoings

Rent Increases are linked to CPI. Capped at 3% PA

Rental bond is approx. 1 month's rent TBC

Long established
Owned by Current Owner since 2016

Fit-out- Current. Some new furniture will be due shortly

Training $12,500 + GST
8 - 12 weeks (8 courses per year). Online and instore Brisbane

New Franchisors entry costs approx $35,000 (tbc)

Franchise agreement runs until November 2032

Annual Turnover is forecasted at $2.25m FY2025.
(Approx. break-up - Dine in 10%, Takeaway 51%, Online 39%. Approx. 75% is night trade)

Trading Hours are:
Monday - Wednesday 24 hours
Thursday 10.00am - 2.00am
Friday 10.00am - 4.30am
Saturday 11.00am - 4.30am
Sunday 11.00am - Midnight

SAV approximately $14,000

Staffing -18 casuals
Staff wages - Approx $10,750 - including superannuation

Potential return to an Owner Operator is $150,000 EBIDTA (FY2024)
(Estimate for FY2025 is in the vicinity of $200,000 based on current sales)
A working couple or family will realize good returns for their efforts


For more information, please contact:

Reg Butler
0438 189 657

[email protected]

Share this business

Similar businesses
More by this Advertiser
It looks like you’re quite fond of this business. Why not save it so you don’t lose it?
Do not ask again

Share this Ad


Cancel

Report this Ad


Cancel

Get email recommendation

Sign up and we'll send business opportunities straight to your inbox.

Please enter a valid email
By clicking on Submit you agree to accept the SEEK Business Privacy Policy and Terms & Conditions.

We have sent an email to .
Click the link in the email to confirm your email and set your preferences.