Oporto (restaurant)

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Oporto Holdings Pty Ltd
Company type Subsidiary
Industry Food
Founded1986;38 years ago (1986) (Original store)
1995;29 years ago (1995) (1st franchise)
Headquarters Chatswood, New South Wales, Australia
Areas served
 Australia
New Zealand
United Arab Emirates
Key people
Samantha Bragg – CEO
ProductsChicken products, burgers, wraps, salads, sides and desserts
Parent Craveable Brands [1]
Website www.oporto.com.au (Australia)
www.oporto.co.nz (New Zealand)
Oporto outlet at Victoria Place, located above Victoria station, in London, England in July 2011 Oporto London Victoria Place.jpg
Oporto outlet at Victoria Place, located above Victoria station, in London, England in July 2011
Oporto Drive-through menu in Sydney in October 2014 Oportodrivethrumenu.jpg
Oporto Drive-through menu in Sydney in October 2014

Oporto Holdings Pty Ltd is an Australian fast food restaurant franchise with a Portuguese theme. Oporto specialises in Portuguese style chicken and burgers. It is a owned by parent investment firm PAG Asia Capital, which also owns the Red Rooster and Chicken Treat restaurant chains.

Contents

Oporto has more than 100 eat-in or take-away restaurants in Australia and New Zealand. It previously also operated stores throughout China and expanded to Sri Lanka and Vietnam in August 2018. Oporto is also looking to expand its operations into the Middle East; its Dubai store opened in early 2020.

Founding and history

Oporto's first restaurant was founded in 1986 by António Cerqueira, an Australian of Portuguese descent, in North Bondi, New South Wales, Australia, but was originally named Portuguese-Style Bondi Charcoal Chicken. The 'Oporto' name came from Cerqueira's favourite football team, FC Porto. The second location was opened in Maroubra Junction.

The franchise right was sold, but António Cerqueira kept the original store, with the second store becoming a franchise store later. The event that led to the closing of original store (on the hill at Bondi) began after the franchise opened a store in Bondi Junction, with the original owners having exclusive rights to the suburb of Bondi. An agreement was reached whereby the original store closed and a new, larger franchise store was built at the bottom of the hill close to the beach at Bondi.

Oporto first opened a franchise store in 1995 [2] and was named the fastest growing franchise in Australia in January 2005 by Business Review Weekly .

In 2007, there were 100 locations in New South Wales, 14 in Queensland, 8 in Victoria, 5 in the Australian Capital Territory, 5 in South Australia, and 6 in New Zealand. Some of these restaurants are called Oporto Express and offer a smaller range of products – most commonly this means they do not offer a breakfast menu.

Oporto opened their first store in the United Kingdom at London's Victoria Station in January 2009, although this store closed on 18 October 2011, and they opened their first restaurant in the United States in Rancho Cucamonga, California, on 25 February 2011. [3] Oporto stores in the United States were all converted to Feisty Chicken Grill in 2013. [4] There are now over 100 stores in operation in Australia and New Zealand. Oporto has three types of Oporto store types: drive-thru, shopping centre, and strip store.

Parent ownership and acquisitions

In July 2007, Quadrant Private Equity and Quick Service Restaurant Holdings now known as Craveable Brands (which owns Red Rooster and Chicken Treat) purchased Oporto. [5]

In June 2011, Archer Capital acquired Quick Service Restaurant Holdings from Quadrant Private Equity for an estimated $450 million (including Red Rooster and Chicken Treat). [6] [7]

On 26 March 2012, Oporto ceased trading in China, closing its three outlets. [8]

On 7 April 2013, Oporto's US franchisee closed its three outlets. [4]

In 2013, Oporto opened their first restaurant in Western Australia in South Perth. Oporto has since increased to over 8 stores in the region.

See also

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References

  1. ↑ "Oporto". craveable brands. Retrieved 9 November 2023.
  2. ↑ "Oporto Franchising Pty Ltd". Franchise Business / Franchise Council of Australia. Archived from the original on 21 August 2015. Retrieved 11 March 2015.
  3. ↑ Shatkin, Elina (24 February 2011). "Australia's In-N-Out: Oporto, Coming to San Bernardino - Los Angeles - Restaurants and Dining - Squid Ink". Blogs.laweekly.com. Archived from the original on 2 March 2011. Retrieved 15 August 2012.
  4. 1 2 Plessel, John (24 February 2011). "Oporto out, Fiesty [sic] Chicken in". insidesocal.com/dine909. Retrieved 11 August 2017.
  5. ↑ QSR completes $60m Oporto deal Archived 30 August 2007 at the Wayback Machine – Inside Retailing online, 18 July 2007
  6. ↑ Wen, PHilip (14 June 2011). "Archer buys Red Rooster and Oporto in $450m deal". The Sydney Morning Herald. Retrieved 4 July 2011.
  7. ↑ Ooi, Teresa (14 June 2011). "Archer buys up $450m worth of quick chicken". The Australian. Retrieved 16 June 2011.
  8. ↑ "Locations - International". Oporto. Archived from the original on 20 January 2013. Retrieved 15 August 2012.
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