The Port Of Peri Peri
The Port of Peri Peri offers fast-casual restaurants serving made-to-order, all-natural dishes including Peri Peri chicken, sandwiches, pitas, wraps, and salads. Known for its signature Peri Peri seasoning, it operates in the casual dining restaurant industry.
The Port Of Peri Peri franchise FAQ
How much does it cost to open one — the total initial investment?
The total estimated initial investment to open the initial Traditional Restaurant under a Development Agreement is not directly specified. However, it includes all items outlined in Chart 7.A., except for the Initial Franchise Fee since no fee is required for those opened under the Development Agreement [p.31]. The cost does not include expenses for opening additional restaurants granted under the same agreement [p.31]. For a Commissary Port of Peri Peri Restaurant, the total investment ranges from $139,600 to $241,500, which includes a payment of $31,000 to $37,000 to the franchisor or an affiliate [p.81 and p.1]. This isn't specified in the excerpts for other models like Food Truck or Express Peri Peri.
What is the initial franchise fee?
The initial franchise fee varies based on the model you choose. For a Traditional Restaurant, it is $35,000 [p.14, p.80], while for a Food Truck, Commissary Model, or Express Peri Peri Model, it is $25,000 [p.14, p.80]. This fee is nonrefundable upon payment and constitutes part of the general operating funds at the franchisor's discretion [p.215].
What are the ongoing royalty and advertising fees?
The ongoing royalty fee is 5% of Gross Sales, due each Thursday for the preceding business week [p.80]. Additionally, there is an advertising fee that is collected weekly, which may be up to 4% of Gross Sales at the franchisor's discretion [p.19].
How long is the initial franchise agreement, and can I renew it?
The initial term of the franchise agreement is not specified in the excerpts. However, you may request to renew the agreement for up to one additional term of ten years by submitting a request at least six months but no more than nine months prior to the end of the then-current term, provided you comply with certain conditions [p.79].
Can I sell or transfer my franchise, and what does that require?
Yes, you can transfer your franchise under certain conditions as outlined in the FDD [p.19]. The transfer fee may be waived if the transferee is a shareholder, partner, or member of an existing franchisee or if you own at least 51% of the total ownership interest in the entity acquiring the franchise. However, any transfer must comply with applicable laws and not impose unreasonable burdens on the prospective transferee [p.111].
On what grounds can the franchisor terminate the agreement?
The franchisor may terminate the agreement on any grounds available by law, as stated in [p.215]. Additionally, termination is not enforceable if it does not constitute 'reasonable cause' under the Virginia Retail Franchising Act or Virginia laws, according to [p.208].
What financial requirements — net worth and liquid capital — do I need to qualify?
This isn't specified in the excerpts. The FDD does not provide specific details on net worth or liquid capital requirements for qualification as a franchisee. However, it does state that you must have adequate financial resources and capital to meet performance obligations under the agreement [p.110].
Do I get an exclusive or protected territory?
You will receive a protected territory, but it is not exclusive. You may face competition from other The Port of Peri Peri Restaurants owned by the company within your designated territory [p.49]. This territory will be determined after you select and approve a location [p.49].
What training and ongoing support does the franchisor provide?
The franchisor provides an initial training program that includes online, classroom, and hands-on training covering various aspects of operating a The Port of Peri Peri Restaurant [p.43]. This training must be completed to the franchisor's satisfaction at least 30 days before opening [p.48]. Additionally, ongoing support involves requiring franchisees to participate in System-wide computer networks for reporting and communication purposes [p.48], and supporting franchisees in conducting employee training on relevant business operations [p.92].
How many franchised outlets are there, and how many have closed or been terminated?
This isn't specified in the excerpts.
Does the franchisor share any financial performance or earnings information?
The franchisor may provide financial performance information under certain conditions. Specifically, they can offer actual records of an existing outlet being considered for purchase [p.65]. Otherwise, the franchisor does not make representations about future or past financial performance and prohibits their employees from doing so as well [p.65].
What am I restricted to selling, and where must I buy supplies?
You are restricted to offering and selling only the Approved Products and Services as specified in the Franchise Manual. You may not deviate from the System standards related to these products and services without prior written consent [p.89]. For supplies, you must purchase, install, maintain, and use only furnishings, fixtures, equipment, signs, and supplies that conform to the standards and specifications described in the Franchise Manual or as otherwise directed by the franchisor [p.32].