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Listing Id: 37770 Last Refreshed: 01/07/2025 Total Views: 46 Broker Ref: 24255

Oporto Harristown (Toowoomba), Long Lease until 2044, $31,000 per week TO, Profitable!

Toowoomba, QueenslandTake Aways
Asking Price: $500,000
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Overview

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Description

MOTIVATED SELLER RELOCATING OVERSEAS!

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 / Glenn Robertson
0438 189 657 / 0408 449 747

reg.b@businessbrokersnetwork.com.au

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