Iconic Beach Restaurant - Southern Sydney | ID: 1254

Iconic Beach Restaurant - Southern Sydney | ID: 1254

Preview Listing

Location Details :

Country

Australia

State

New South Wales

City

Cronulla


Industry :
Food/Hospitality
Sub Industry :
Restaurant

Financial Details :

Revenue

--

EBITDA

--

EBITDA multiplier

-x

About the business

Currently 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

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Iconic Beach Restaurant - Southern Sydney | ID: 1254

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.
 
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

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$1,700,000

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