Ad ID: 69180
Oporto Franchise for Sale Newcastle NSWEnquire about this "Oporto Franchise for Sale Newcastle NSW" opportunity on aubizbuysell
Profitable Oporto Franchise in Prime Newcastle Location - MBB
Business for Sale Description
Oporto Franchise for Sale Newcastle NSW Asking: $525,000 + SAVABOUT THE BUSINESS
This quality highly profitably Oporto Franchise is perfectly located in one of Newcastle\'s largest shopping centres. After years of building the business into one of the region\'s leading Oporto franchises, the business is perfectly positioned for the new owner.
The business is currently managed by a quality team with the current owner providing mostly, administrative support. The current owner has just negotiated a new long-term (7 year) lease until Oct. 2024 and will complete an all new fit out worth an estimated $100k which will provide even more benefit and value to the new owner. Sales have remained strong due to the brand\'s popularity with current sales of more than $1,200,000. This business provides a very respectable investment return for an investor or much more for a working owner, with 2017 financials showing an adjusted net profit for a working owner circa $175,000.
Oporto is one of Australia\'s most successful franchise brands, so if you\'re looking for a strong performing brand, a profitable and proven business in a great location, then enquire now because this opportunity won\'t last long! Be a part of this award winning franchise network that currently has over 150 stores. This is a perfect family style business that is turn-key with nothing to spend.
Opportunities for strong performing brands and sites such as this is rare. A new owner can allow the current staff to operate the business, or benefit from investing time and effort to make this great and profitable business, even better. There are significant opportunities to grow the business further which will be shared with interested parties under confidentiality. Features of the business include; a great lease till 2024, Rent less than 15% of turn over; valuable new fit out (circa $100k), great franchise brand. Being a successful business in a great location, it provides a great income and lifestyle with many opportunities to achieve even greater success into the future.
If you are interested in finding out more about this quality opportunity, visit www.merchantbrokers.com.au simply register online for more information or call Ian Jones on 1300 BROKER or 0402 111 500.
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