Summary
Rare opportunity to acquire a well-established and fully managed restaurant in the heart of Coogee, operating successfully for 20 years with a strong reputation and loyal customer base.
Potential
Significant growth potential through extended trading hours, including breakfast and lunch, as the business currently operates predominantly evenings. Further opportunities include expanding catering, corporate events, functions and large group bookings. The 200+ capacity and large premises provide excellent scope for increased utilisation. The established concept also has potential to be replicated or expanded into additional locations.
Skills
The business is fully managed with minimal owner dependency and has established systems and an experienced team in place. An incoming owner would benefit from hospitality or business management experience; however, the existing operational structure makes it suitable for an investor, experienced operator or hospitality group seeking an established venue.
Hours
Currently trading Mon–Fri from 5pm, Saturday from 3pm and Sunday from 12pm, with significant daytime growth potential.
Lease
Approx. 3.5 years remaining with an option to extend. Potential to negotiate further terms on behalf of the buyer.
Employees
Fully managed operation with an established and specially trained team. The business has minimal owner dependency, allowing for a smooth transition to a new owner. We have 23 experienced staff.
Reason for Sale
After 20 successful years of ownership, the owners have made the decision to retire from the hospitality industry and pursue their next chapter. The business is well established, fully managed and operating successfully, presenting an excellent opportunity for a new owner to take over a proven and respected operation.
About the Business
A rare opportunity to acquire a well-established, fully managed restaurant in the heart of Coogee, one of Sydney’s most popular beachside destinations.
Operating for 20 years, the restaurant has built a strong reputation and loyal customer base of locals, families, tourists, groups and corporate clients. The business offers a unique Brazilian-style BBQ dining experience, including BBQ and smoked meats, à la carte and all-you-can-eat dining, takeaway, delivery, catering and a full bar service.
The impressive 300+ sqm venue accommodates over 200 guests and features a modern fit-out, near-new equipment, large downstairs preparation kitchen, cool room, storage and rear-lane access. It also holds an on-premises liquor licence with Primary Service Authorisation.
The business is fully managed with an experienced team of 23 staff and minimal owner dependency, providing an attractive opportunity for an investor, experienced operator or established hospitality group.
There is also considerable untapped growth potential. Current trading is predominantly evenings, creating an opportunity to introduce breakfast and lunch service, while catering, functions, corporate events and large group bookings could be further developed.
With a proven 20-year history, established customer base, prime Coogee location and significant growth opportunities, this is a turnkey hospitality business ready for its next chapter.
History
Established in 2006, the restaurant has been proudly owned and operated by the same family for approximately 20 years. Over this time, it has developed a strong reputation and loyal customer base, becoming a well-known dining destination in Coogee. Its distinctive Brazilian-style BBQ concept and welcoming, family-friendly atmosphere have contributed to its longevity and success.
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