Restaurant Business for Sale

The Cuckoo Restaurant - A Yarra Ranges icon up for grabs! Nestled amongst the leafy surrounds of Olinda in the picturesque Dandenong Ranges, The Cuckoo Restaurant has long been an icon of the area. For over 60 years this eatery has been making thousands of locals and tourists smile with their delicious Bavarian fare, refreshing steins of German beer, and energetic live music and entertainment. But after six decades of operation, The Cuckoo freehold and business is on the market for sale! This is truly one of the most exciting properties to hit the Victorian market this year, with this business and freehold sure to appeal to a wide range of local and international buyers. The property is situated on approximately 10 acres (3.869 hectares) of prime Olinda land, with the restaurant itself spanning 2 levels, offe********* 400 patrons. The land also features a 2 bedroom manager’s residence and large car park which can fit 10 coaches. The restaurant is a proven success story which has a multimillion dollar annual revenue. Approximately 80,000 patrons frequent the establishment each year, with 25,000 being international tourists, translating into a gross revenue of over $3,000,000 AUD per year. This is a great lunch spot for tourists who are in the area to visit Puffing Billy and then head over to see the penguins at Phillip Island. The restaurant is open for lunch 5 days a week, and dinner Friday-Sunday. Aside from being a fantastic opportunity to run a successful and long-established restaurant, the business model of The Cuckoo also lends itself to franchise opportunities both lo********* obvious tourist appetite for this sort of themed entertainment, and this could be the start of a truly successful franchise! Don’t miss this truly once in a lifetime opportunity, which is just in time for the busy Christmas and New Year’s season. Expressions of Interest Closing 30th November 2019 Enquiries Michael Hall: Click to call Rachel Lee: Click to call Winnie Chow: Click to call For more details, please email broker or call agents below

Restaurant Business for Sale

Location: Melbourne VIC, Australia

Contact No. ******2640 View

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