New South Wales

Well Established Ocean Front Restaurant

For Sale | $925,000 + SAV

Restaurant

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 HelliwellPhone: + 61 2 9899 1999 / 0419015046Email: 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
Ref: NSW10185
Timestamp: 20211224020107

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Paul Helliwell



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Paul Helliwell

LINK Sydney

Overview

This Restaurant Business is one of 34 businesses for sale in Illawarra, New South Wales, and one of 13 Restaurant Businesses in this region that a business for sale currently has on offer. This Restaurant Business is for sale in Illawarra for the asking price of $925,000 + SAV and has been on market for less than 3 months.