Sold

Exquisite Restaurant & Bar - Cronulla | ID: 1271

A rare opportunity exists to acquire a Sydney landmark restaurant that is sure to reward the new owner with financial spoils and pride of ownership.

Perfectly positioned within Cronulla’s vibrant coastal hub, this is the premier venue for discerning patrons to experience dining elegance. 

The ambiance, service and cuisine can only be described as outstanding and incomparable. 

The historical venue is scintillatingly beautiful, exuding a strong sense of warmth. The modern fit-out within offers award-winning architectural appointments and perfect natural light. There is an abundance of excellent combination seating for 120 pax across the footprint, which includes 20 alfresco seats.

Operating under management, this established and profitable business has demonstrated strong, consistent sales of circa $2,200,000 in FY23 and 2022.

The business segments include corporate function events, large private / wedding events, award winning restaurant dining and the popular cocktail bar which specialises in the best cocktails in The Shire. Overall, consistent and diverse revenue streams underpin the venue’s strong profit returns.

There is a fully equipped modern kitchen with all equipment unencumbered.

The chef has brilliantly created a contemporary take of coastal cuisines from abroad, with dishes reflecting local produce with and an emphasis on fresh seafood.

The staff are competent , long-serving, loyal and highly trained, ready to serve the guests to the highest standards.

There is an on-premises liquor licence that extends to 1am on Friday and Saturday nights.

Currently trading 3 lunches & 6 dinners per week.

Modest rent with generous lease term to the end of 2035 encompassing 2 x 10 year terms.

A magnificent business overall, inviting expressions of interest from genuine investors, restaurant groups or sole operators.

If you would like to know more about this business please complete our online confidentiality agreement here: https://www.abbabusinesssales.com.au/ca-forms/ca-form-1271

or visit our Website www.abbabusinesssales.com.au and use the reference #1271 to search for the business.

Please note: A stock image has been used and does not reflect the actual business for sale.

 

Suburb Cronulla
Price SOLD
Property Type Business
Property ID 1271
Category Food/Hospitality, Food/Hospitality, Food/Hospitality

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Agent Details

Eddie Spurr photo

Eddie Spurr

0417 251 015
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What our clients say

Eddie was very helpful with the sale of my business. It was quite a long drawn out sale, however he found a motivated buyer and helped us both jump through the hoops for the landlord. I would use Eddie...

Elliot Cryer

We recently had the pleasure of working with Saurab to purchase our business, and we couldn't be happier with the experience. From the very beginning, Saurab demonstrated exceptional professionalism and...

Manisha Vekaria

Where to start, I was very fortunate to be given Eddie Spurr's from the ABBA group's number from a former restauranter who had sold their business with him, after dealing with many arrogant brokers in...

Kim Camilleri

However with Geoff Harrison guiding me through the sale process the task became much easier. Geoff was able to plan the information required, compile it for any buyer and was the master of communication....

H.E. - Hawks Nest - Post Office & Newsagency

Geoff is the first business broker I have ever heard of who completes the transaction completely remotely and seamlessly. This was essential for my deal as it was done during Covid-19 time.   Negotiation...

Jeba Anbiah

As the Owner of One of Perth’s Leading Hairdressing Salon, I have had the pleasure of knowing Geoff Harrison for over 20 years in the Hairdressing Industry. Geoff was instrumental in introducing...

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