Iconic Beach Restaurant - Southern Sydney | ID: 1254
Iconic Beach Restaurant - Southern Sydney | ID: 1254
Industry :
Food/HospitalitySub Industry :
RestaurantCurrently operating under management with only executive level inputs from the current owner, this Iconic Sydney restaurant will reward the new incumbent with financial spoils and pride of ownership.
Boasting as one of the only few restaurants with location on the water of the Sydney's magnificent southern coastline, this is the perfect venue for diners to experience the uninterrupted views of the beautiful coastline and enhanced dining elegance.
The current owner has operated the restaurant long term and is looking for a successor to further leverage opportunities: such as offering breakfast, ramping up promotions to capture the wedding market, extending trade to 7 days and driving higher function catering sales which is not actively pushed currently.
This is a well established and profitable business with an upward revenue trajectory. Annual sales circa AUD 4.0mil.
The premises is 300 sqm and is licensed to seat 200. The venue has various areas in which they can host large events including cocktail events with a capacity of 180 and seated events capacity of 120.
Currently trading Wednesday to Sunday Lunch, Thursday to Sunday Dinner.
Generous 20 year lease term
A truly rare and magnificent business overall, inviting expressions of interest from genuine investors, 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-1254
or visit our Website www.abbabusinesssales.com.au and use the reference #1254 to search for the business.
Please note: A stock image has been used and does not reflect the actual business for sale.
Property Code: 1254
ABBA Group
Specialising in transactions from $1m, we can manage the sales process for you from beginning to end. This includes:
- Preparing your business for sale
- Formulating a marketing strategy
- Identifying and approaching prospective buyers
- Negotiating price and contract terms
- Facilitating settlement and handover
- Formulating the brief and your acquisition ‘criteria’
- Performing an internal review and researching the market
- Identifying, assessing and approaching acquisition targets
- Negotiating price and contract terms
- Overseeing settlement and handover
We’re often asked why it pays to engage a buyer’s agent. And the answer is simple.
- Sourcing finance
- Applying for tenancy
- Preparing a business plan
- Advising on tax
View other listings by this business
$1,700,000
Enquire about this business
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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