Oporto Fortitude Valley, Lease until 2047, Sales 3.5% up on last year, Profitable to working owner
Oporto Fortitude Valley, Lease until 2047, Sales 3.5% up on last year, Profitable to working owner
Industry :
Food/HospitalitySub Industry :
RestaurantThe nearby RNA showgrounds will shortly undergo major changes for the 2032 Brisbane Olympics as a key Olympic venue.
Oporto Fortitude Valley should benefit from the re-development of the site.
Established in 1986, Oporto Holdings Pty Ltd is an Australian fast food restaurant franchise with a Portuguese theme.
Oporto specializes 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 a large 144m2 + a prominent footpath Alfresco seating area
Rent excluding G.S.T. is $15,494 per month + $200 per month outgoings (at time of posting)
Rent Increases are linked to CPI. Capped at 3% PA
Rental bond is nil
Long established
Owned by Current Owner since 2016
Fit-out- Current. Some new furniture will be due shortly tbc
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 $1.95m FY2025.
(Approx. break-up - Dine in 10%, Takeaway 51%, Online 39%. Approx. 75% is night trade)
Trading Hours are:
Monday - Wednesday 10.00am - 1.00am
Thursday 10.00am - 4.00am
Friday 10.00am - 4.30am
Saturday 11.00am - 5.00am
Sunday 11.00am 4.00am
SAV approximately $14,000
Staffing - Owner + 18 casuals
Staff wages - Approx $9,750 - including superannuation
Potential return to an Owner Operator is $194,000 EBIDTA (FY2024 normalized)
A working couple or family will realize good returns for their efforts
50 - 60% against the business BANK finance may be available to approved applicant
For more information, please contact:
Reg Butler
0438 189 657
reg.b@businessbrokersnetwork.com.au
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