Iconic Beach Location – Rare opportunity!

Price: $449,000 Location: Sutherland, NSW Ref: 4919498
Agent:
Jp Sinh
Agent Phone:
Office Phone:
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Business Headline :
Iconic Beach Location – Rare opportunity!
Price :
$449,000
Category :
Food/Hospitality, Leisure/Entertainment, Restaurant, Bars/Nightclubs, Function Centre
Full Description :

The current business is trading as a  franchise. There are some options with this iconic location purchase:

1. Purchasing as is – operating as a current Franchise

2. Purchasing the business and operating as a unique restuarant, sports bar, or funky food offering. 

The location is right across the Cronulla main beach area, with water views of the beach. There is adjacent parking on the Kingsway and Elouera road which is only a 100 metre walk from the location. 

The precinct is pleasant and inviting, and is in an iconic area of the Sutherland shire. 

The restaurant underwent an extensive refurbishment in 2018, and is well maintained and works nicely with the surrounding beach area. It is very easily adaptable to the region and offers great choices to the new owner. 

The owners have been in the business since 2005 and are highly regarded by the local community. A 4.2 star rating based on visits. It would not take much for prospective buyers to really see the underlying potential of this location. It would suit a new incoming person into a restaurant business, or an entrepreneur who can see the amazing potential for a possible new concept. 

The current business is supported by the franchisor in terms of training and operations, and is operating above the average stores in the group as a current well regarded Franchise business. 

P.O.A – a great opportunity in Cronulla 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4919498#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=4919498#enquire-now

Annual Rent : $278,758 - Weekly Rent : $5,361

Annual Turnover : Not Disclosed - Weekly Turnover : Not Disclosed

Annual Gross Profit : Not Disclosed - Weekly Gross Profit : Not Disclosed

Annual Ebit : Not Disclosed - Weekly Ebit : Not Disclosed

Premise : Leased

Lease Commencement : Dec 2015

Lease End : Nov 2020

Lease Option: 5 years

Current Outgoings pa: $8,500

Total Land Area : 320 Square Metres

Total Floor Area : 300 Square Metres

Total No of Parking : 3

Franchise : Franchise Resale

Franchise Royalties : $105000

Approximate Stock Value : $20,000

Year Purchased : 2005

Year Established : 1995

Days Trading : 7

Staff : 2 Full Time - 17 Part Time - 5 Casual

Staff Salaries : $470,000

Reason for Sale : moving on to new venture

Business Potential : different branded restaurant

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