AD ID: 127183

Oporto Harristow Business for Sale Toowoomba QLD

Location:
Asking:
$550,000 + SAV
Type:

Long Lease until 2044, $31,000 per week TO, Profitable!

Oporto Harristow Business for Sale Toowoomba QLD

Why buy this Oporto Harristow Business

Oporto Harristow Business for Sale Toowoomba QLD Asking: $550,000 + SAV

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 Harristown (Toowoomba) franchise.

Harristown is situated 4.3 km SE from Toowoomba (Population 120,000)


SPECIFIC FEATURES INCLUDE:


Current Lease expires July 2034. There are 2 x 5 year options


Size is 258m2 + a small Alfresco seating area (tbc)


Rent excluding G.S.T. is $12,628 per month + $852 per month outgoings


Rent Increases are linked to CPI.


Rental bond - Nil


Established and Owned by Current Owner since 2022


Fit-out- Current


Training $12,500 + GST

8 - 12 weeks (8 courses per year). Online and instore Brisbane


New Franchisors entry costs approx $45,000 (tbc)


Franchise agreement runs until November 2033 and in line with the lease


Annual Turnover was $1,620,000 FY2024.

(Approx. break-up - Drive-Thru 44%, Dine in 10%, Takeaway 16%, Lunch 34%, Dinner trade 42%)


Trading Hours are:

Monday - Wednesday 10am - 10pm

Thursday - Saturday 10.00am - 12.00pm

Sunday - 10.00am - 9.00pm


SAV approximately $14,000


Staffing -18 casuals

Staff wages - Approx $7,800 - including superannuation

Owners Hours - 25 - 35 hours per week


Potential return to an Owner Operator is $200,000 EBIDTA (FY2024)

A working couple or family will realize good returns for their efforts


For more information, please contact:


Reg Butler

0438 189 657


reg.b@businessbrokersnetwork.com.au

For more info Contact:

Reg Butler

0438 189 657
Business Brokers Network Australia
Broker Ref: 23674
Business Brokers Network Australia

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