Exquisite Restaurant & Bar - Cronulla | ID: 1271

Location Details :

Country

Australia

State

New South Wales

City

Cronulla

Industry :

Food/Hospitality

Sub Industry :

Restaurant

About The Business

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.

Property Code: 1271

ABBA Group

As Australia’s fastest growing business broker, the ABBA Group are business sales, acquisition and merger specialists. We are a boutique firm that gets results for all our clients!

If you’re looking to enter into a strategic business transaction, you need a team of advisors you can rely on. A team with a track record that’s rock solid. A team that always has your best interests at heart.

Since 2005, ABBA Group has managed over $100m in business sales transactions and over $200m in targeted acquisitions. The ABBA Group has represented corporates and individuals in over $300 million worth of acquisitions, divestments and mergers. We’ve partnered with hundreds of domestic and global companies – and linked many overseas investors with lucrative local opportunities.

The ABBA Group is an independent member of the Australian Institute of Business Brokers.

www.abbagroup.com.au

Why Sell with 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

Many businesses also engage us after they’ve already identified an interested buyer. We simply pick up from any point you wish.

Skilled negotiators to represent you

As former senior sales executives, the ABBA Group team knows how to secure you the best sale price – and the most favourable contract terms possible.

Acting 100% on your behalf, we remain calm and confident throughout the negotiation process without ever compromising your strategic position or integrity.

Access to a network of high net worth prospects

ABBA Group has access to an extensive network of high net worth individuals and investors.

In particular, we are connected with several Chinese and Indian nationals seeking offshore investments – or who are looking to acquire a business to support their Australian residency.

Ensuring a seamless transaction

Business divestments demand a number of specialist services to ensure a seamless and successful transaction.

ABBA Group partners with reputable specialists including accountants, lawyers, tax advisors and fund managers. We ensure you have the right professionals by your side at every stage of the transaction to ensure the best possible result.

Why buy with ABBA Group?

An end-to-end business acquisition service

Specialising in transactions from $1m, we can manage the buying process for you from beginning to end. This includes:

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

Many people and businesses also engage us after they’ve already found the business they wish to purchase. We simply pick up from any point you wish.

Skilled negotiators to represent you

When it’s time for negotiations to begin, we act 100% on your behalf – without emotional attachment.

As former senior sales executives, we know how to secure you the best purchase price and the most favourable contract terms possible. And because we work on both sides of the acquisition fence, we know what’s fair and reasonable to deliver optimum results.

Uncovering hidden opportunities
We’re often asked why it pays to engage a buyer’s agent. And the answer is simple.

With sound industry knowledge and an extensive business network, ABBA Group can help you find businesses that suit your requirements – even if they’re not officially ‘on the market’. And because we’re widely respected and skilled communicators, we’re able to open more doors than most.

Related services for a seamless transaction

ABBA Group can facilitate a number of related services to ensure a seamless and successful business acquisition, including:

Sourcing finance
Applying for tenancy
Preparing a business plan
Advising on tax

View other listings by this business

$795,000

Enquire about this business

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Buying Advice :

Thinking of buying this business

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.

About the Eden Ecosytem

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!

What happens next?

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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Exquisite Restaurant & Bar - Cronulla | ID: 1271

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Sub Industry :

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