Iconic Beach Location – Rare opportunity!
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-nowTo 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
To enquire about this listing, please fill in the form below.