Profitable & Established Ocean Front Restaurant

Sydney Region, NSW
Asking Price $880,000
About
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.xxxxx

To complete an online confidentiality agreement visit this business and enquire now at: https://xxxxx-for-sale/listing-enquiry/?listingid=d7129540-5659-ec11-8f8f-00224815a2d2

Note that some details of the business for sale are confidential and disclosure is subject to completing a Confidentiality Agreement and the discretion of the broker.
Stock photo images may be used to represent the business on an unidentified basis.  Purchasers are required to make their own enquiries in order to verify the information provided.

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

Ref: NSW10185
Ref: NSW10185
Timestamp: 2023xxxxx
Ref Num: 117-NSW10185
Contact this seller
Listed By:
Contact this seller
Listed By: