What is the length of my Franchise Agreement?
Generally 10 years with an option of a further 10 years for freestanding stores subject to the conditions of the Franchise Agreement. The length of a Franchise Agreement may be shorter in circumstances such as shopping centre food courts if the terms of occupancy are less than 10 years.
Can I own more than one Oporto store?
Yes you can, provided you have the financial resources and demonstrated core competency and management skills in your first restaurant. There are already a number of multi-site operators with Oporto.
I want to invest in an Oporto store, but I don’t want to work in the store. Is this acceptable?
Experience tells us that Oporto stores perform significantly better when their owners actively participate in the day to day running of their store. We therefore require that the owner of the business devotes his/her full time and attention to the business. However, we encourage franchise owners to employ a store manager, so the owners can take breaks and work on growing their businesses.
What will it cost me to set up an Oporto store?
The total cost will vary depending on the size and layout of the store. Typically, stores cost between $450,000 and $900,000 (plus GST) to establish. Smaller stores or stores with existing equipment may cost less and larger stores may cost more. In addition to this you will need to pay the franchise fee of $50,000 (plus GST).
How much money will I make as an Oporto franchise owner?
This depends on factors including the store’s location and how the franchise owner operates the business. Oporto does not provide franchisees with any sales or profit forecasts in relation to Oporto stores. Franchisees should prepare their own financial projections after seeking independent accounting advice.
I don’t know anything about running a food business. Is this acceptable?
Yes. Before you open your Oporto store, we will provide you with comprehensive training so that you can learn the Oporto systems and procedures.
Do I have to find a site?
We have agents constantly looking for sites, however they cannot cover the entire market. With this in mind we welcome potential franchisees who find their own sites to recommend these for our consideration and approval.
Who builds my store?
For new builds, Oporto provides a turnkey operation. We will contract with the builder and manage the project from construction to fit out completion. Construction and fit out usually occur while you’re in training.
Who will help with the opening of my restaurant?
Our Franchise Business Managers actively participate in planning the opening and after-launch promotions. They will be there with you before and during the start of your trading.