UPDATE: Andre and Carole Estephan, co-founders of the popular Lebanese charcoal chicken chain El Jannah, have just put their stunning Dural estate on the market with a price guide of $11 million. This urgent announcement is making waves in Sydney’s real estate market as the Estephans aim to capitalize on their successful investment in the fast-food industry.
The six-bedroom, eight-bathroom property, purchased for $4.6 million in 2014, features luxurious amenities including an outdoor pool, a tennis court, and even a giant backyard chess set. Local sources confirm the listing price, while the agent, Louis Stapleton of McGrath Castle Hill, has declined to comment on the sale.
Nestled behind a gated driveway, the estate boasts a grand marble entrance, multiple living zones, a library, cinema, wine cellar, and gym. The opulent design includes coffered ceilings, a sleek marble kitchen, and plush interiors, making it a standout property in a highly sought-after area.
The Estephans have made significant updates to the property over the years, enhancing its value and appeal. With a sprawling 2.11-hectare lot, the estate offers breathtaking mountain views and Mediterranean-style cabanas perfect for entertaining.
This real estate move comes on the heels of El Jannah’s partnership with US investment giant General Atlantic, which acquired a controlling share of the brand. This major investment, reported to be part of a strategy to expand El Jannah’s footprint from 200 to 500 locations in the next eight years, has left the Estephans with a “substantial minority stake” in the business.
Andre Estephan recently shared on the company website, “From the day Carole and I opened our first restaurant in Granville, our dream was simple – to share the flavours and hospitality we grew up with in Lebanon.” Their commitment to their culinary roots remains strong, even as they potentially prepare for a downsize.
As the property market heats up, all eyes are on the Estephan estate, and potential buyers are eager to see how this high-profile listing unfolds. With the luxury real estate market showing no signs of slowing down, this could be one of the most talked-about sales in Sydney this year.
Stay tuned for further updates on this developing story as the Estephans enter a new chapter in their lives and careers.
