Mortgage to buy an Oporto franchise business?

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Kaido900
Posts: 4
Joined: Sun Aug 14, 2016 12:14 pm

Mortgage to buy an Oporto franchise business?

Postby Kaido900 » Wed Jun 01, 2016 10:00 am

I was initially trying to secure finance to buy an Oporto franchise business but I have come to find out that an Oporto franchise loan is specifically available for this. I do not know anything about it and I am quite close to actually buying so can anyone please explain a few of the features of this loan, such as the term and how much I am allowed to borrow?

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Otto Dargan
Mortgage Specialist
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Joined: Sat Sep 06, 2008 5:55 pm
Location: Sydney, Australia
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Re: Mortgage to buy an Oporto franchise business?

Postby Otto Dargan » Wed Jun 01, 2016 11:19 am

Hi Kaido900,

With an Oporto franchise loan, you can get a piece of the action while being your own boss in the competitive fast-food industry with your own Portuguese chicken and burger store while taking advantage of the benefits of a franchise system that’s over 20 years old.

If you have the capital and a strong financial situation, we can help you secure finance, you may be able to borrow up to 50% to 60% of the total business costs to buy a new store or an existing one. If you can provide a residential property as security then this essentially goes up to 100% and you won't even need a deposit!

The typical loan term is 10 years as per the franchise agreement but with a property as security, it will be a standard 25 to 30 year loan term.

If you're going interest only, know that lenders will generally provide an interest only term of around 2 years or more depending if you’re using property as security. Low doc options not available.

We can help negotiate strong commercial loan interest rates and you’ll need to provide a business plan and profit forecasting along with your application.

Cash flow is crucial in business and this is a great way to keep more cash in your pocket for start-up capital. Having capital to contribute to at least the first 6 months of operations is a typical requirement while having a clear credit history reflects your character as a borrower, which is important in painting a good picture with the bank.

You can go through our website for more info such as an estimate of how much an Oporto franchise can cost you. We can also be reached on 1300 889 743 or you can fill in our free assessment form to see if you qualify for a loan or not.

Cheers,
Otto
Otto Dargan
Mortgage Broker
P | 1300 889 743
Home Loan Experts

Kaido900
Posts: 4
Joined: Sun Aug 14, 2016 12:14 pm

Re: Mortgage to buy an Oporto franchise business?

Postby Kaido900 » Wed Jun 01, 2016 12:36 pm

Thank you for taking out the time to reply to my queries. I am glad to have posted on this forum. I will look at your website to learn more and will complete your form later on.


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