LINK Business Brokers Australia

About this Business for sale in Cronulla

With a truly wonderful atmosphere, a long lease in place and a breathtaking ocean-front location (not to mention breathtaking financial returns!) this is an opportunity not to be missed!

  • $2.3M PA Average Turnover
  • $690K PA Net Profit
  • 6 days per week
  • 5+5 year lease (starting 07/2021)
  • $3K PW Rent
  • 23-year history
  • 170 seats
  • 20 Staff

A rare opportunity to take over a stunning restaurant in Cronulla. Established well over two decades ago, this establishment has become a staple of the local community and is beloved by locals and tourists alike – as evidenced by hundreds of positive online reviews. It’s known for excellent and classic food and fabulous customer service!

The business trades from Tuesday to Saturday from 05.00pm to 09.30pm and on Sundays from 12.00pm to 09.30pm – offering exceptional opportunities for further growth and development by simply adding additional hours.

With 170 seats in total (including 16 al-fresco) the business is positioned in a premium location, a mere 2-minute walk from the beach. This position is secured by a long lease of 5+5 years (commencing July 2021)

The purchase of this restaurant offers a complete “turn-key” business – with the new owner being supported by a dedicated team of around 20 staff members and an outgoing owner who will ensure a smooth and seamless transition.

The business offers the ideal location, quality of food, customer base and brand to make the purchase a profitable venture from the first day under a new owner.

Listing ID: NSW010185

Broker: Paul Helliwell
Phone: + 61 2 9899 1999 / 0419015046
Email: paul.helliwell@linkbusiness.com.au

To complete an online confidentiality agreement, visit this business and enquire now at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW10185

THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF

Keywords: Restaurant, Events, Food, Takeaway, Shire, Hospitality, Chef, Functions

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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.

Listing: #NSW10185
Profit*: $690,000
Sales Revenue: $2,300,000
Sutherland Shire, Cronulla
Food/Hospitality, Restaurant
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.

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