Oporto Fortitude Valley, Lease until 2047, Sales 3.5% up on last year, Profitable to working owner

2024 AWARD WINNING SHOP FOR THE YEAR

The 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