Frequently Asked Questions
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FAQs
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Some Commonly Asked Questions About How to Own an Old Lisbon Franchise …
Costs
How much will the Old Lisbon franchise program cost me?
The estimated initial investment necessary to begin operations ranges from $748,500 to $1,228,000.
This includes a $50,000 initial franchise fee. As with any new venture, it’s important to have adequate capital to fund the initial business growth stages.
Is financing available?
We do not provide direct financing to franchise owners, but we may refer to financing sources on a case-by-case basis.
Are there ongoing fees to pay?
We collect a royalty fee equal to 5% of gross revenues. Fees such as these allow us to fund our ongoing Old Lisbon support services and the continued development of programs, marketing tools, training programs, recipes, and systems upgrades. For a full list of fees and requirements, please refer to our Franchise Disclosure Document (FDD).
Are there any advertising fees?
Old Lisbon franchise owners will be required to spend the greater of 2% of gross revenues on local marketing each month, and $20,000 on their Grand Opening. You will also contribute 1% of gross revenues to the brand marketing fund. Collected funds will be used to develop marketing strategies to promote the Old Lisbon brand and cover the creative costs to develop branded marketing materials and campaigns.
Qualifications
Who does Old Lisbon consider an ideal candidate?
The ideal candidate should have:
- A keen understanding of Portuguese food and culture
- Experience in restaurant management or investment
- The ability to embrace the blend of old-world hospitality with modern technological efficiency
What about my financial status?
Qualified candidates should meet the following criteria:
- Liquid Assets of $350,000
- Net Worth of $1,500,000
What experience do I need to own a restaurant franchise with Old Lisbon?
- The Old Lisbon franchise owner shares our philosophy and is passionate about bringing an authentic Portuguese cultural experience to every customer
- We seek financially qualified individual or candidates or experienced restaurant group investors
- Are you ready to disrupt the fine dining restaurant industry?
Is an Old Lisbon restaurant easy to operate?
Yes, the Old Lisbon franchise model and systems were developed by experienced industry leaders, native to Portugal, and our owner operations are clear and simple to follow.
Timelines & Locations
How long has Old Lisbon been in business?
Old Lisbon was founded in 1991 in Miami. Our founder invested in the brand in 1993, and became the sole owner in 1996.
What is the term of the franchise agreement?
The initial term of your agreement is 10 years, with two subsequent successor agreement options of five years each.
Will you help me find a franchise location?
Our Old Lisbon franchise team will provide general site selection criteria and guidance in the selection of a suitable location for each market.
What type of locations are best for an Old Lisbon franchise?
- Old Lisbon locations are most commonly found in should be in urban, high-end areas .
- The most successful market areas feature a strong local residential base, with robust daytime employment and exciting nightlife.
Training & Support
What is provided as part of the Old Lisbon franchise program?
- Franchise owners, their chefs, and general managers will spend 10 days at our restaurants in Miami, Florida, for comprehensive training on the Old Lisbon franchise model, both in the classroom and on the job.
- When it’s time for your Grand Opening, our Old Lisbon team will travel to your location for 10 days to make sure you are calm, confident, and excited when you open your doors.
- Owners will have access to the Old Lisbon Confidential Operations Manual for daily operations.
- Our team is available to assist you when you need us. We are always just a call or click away.
Next Steps...
I'm ready to go. How do I get started?
- If you’re interested in learning more about the Old Lisbon franchise opportunity, visit our Contact page or fill out our form below, and a member of our team will be in contact with you shortly.
- Let’s discuss setting up a meeting, speaking with our management staff, and receiving our FDD, for all the important details you’ll need to make an informed decision.
