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Leisure & Entertainment business for sale in Olinda

  • Leisure & Entertainment
  • Olinda VIC 3788
  • $2,295,000 (GST na)

Cuckoo Restaurant - One of Victoria's Top Tourist Attractions FOR SALE (V1690)

- Cuckoo Restaurant is an award winning traditional German styled restaurant and function centre located in Victoria's tourism central, widely known throughout Victoria, Australia and internationally!
- Rare opportunity to secure 11 acres of prime bluechip real estate hosting one of the most popular and iconic tourist destination venues in Victoria and Australia wide!
- Located in the heart of Olinda in the Dandenong Ranges only 45 mins from Melbourne.
- Extremely lucrative business with an average weekly turnover of $60K-$80K pre-covid!
- Since establishment, the venue has served an estimated 10 million guests including the prime minister amongst countless other famous faces.
- Stunning 3-story heritage listed building spread over 900m2 featuring 3 live music spaces, wedding function rooms, 4 seating areas, beer garden and coffee stations.
- Approx. $500,000 worth of equipment and fit-out included in the sale, as well as a huge commercial kitchen occupying an entire floor with 3 walk in cool rooms and 1 walk in freezer!
- Seating for up to 400 diners, with two settings available during busy holiday periods therefore accommodating for up to 800 diners per day.
- Set menu or buffet styled dining, serving a huge variety of classic German Bavarian dishes.
- Very family friendly venue with unbeatable atmosphere and classic charm of traditional fireplace, custom made woodwork and lush forest surrounds.
- Parking for up to 400 cars and 10 busses with private 2BR residence for owner/operator.
- Popular tour bus routes bringing in large groups for lunch and dinner, operating Friday through Sunday with huge potential to extend trading days and hours.
- Operating for over 60 years in the same family, this business has seen love and success with a proven track record of high takings and an established name to show.
- The restaurant currently remains an icon of the Melbourne tourism and hospitality scene.
- With regional travel restrictions lifted and international travel still prohibited, this business will see a rapid influx of Melbournians! The time to invest is now!

Don't miss this rare opportunity to secure one of Australia's longest running and most successful restaurants! Inspections offered exclusively through Paramount Business Brokers!

**Exclusive to Paramount Business Brokers (Our Ref V1690)
**Some Images Used for Illustration Purposes Only

"The statements and financial information relating to the subject business are based solely on information supplied by the vendor to Paramount Business Brokers (Paramount) and therefore Paramount does not warrant the accuracy of such statements and financial information and specifically excludes any liability in relation to same. Paramount strongly recommends that any prospective purchaser of the business seeks its own independent legal, accounting and financial advice and conducts its own due diligence of the business."

Joshua Siow
Paramount Business Brokers
Joshua Siow
Paramount Business Brokers

Business Highlights

Business ID2016929220
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Last updated  23 Apr 2021
Map for Olinda VIC 3788
Map for Olinda VIC 3788Olinda VIC 3788
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Joshua Siow
Paramount Business Brokers
Joshua Siow
Paramount Business Brokers

Business Highlights

Business ID2016929220
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  23 Apr 2021
Paramount Business Brokers
1324/401 Docklands Drive Docklands VIC 3008
Joshua Siow
Paramount Business Brokers
Joshua Siow
Paramount Business Brokers

Ask Joshua Siow about this business

Joshua Siow

Joshua Siow

Paramount Business Brokers

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0415 646 977
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