The founders of iconic chicken shop El Jannah have put their $11 million Sydney mansion up for sale, but have taken a financial hit.
The founders of iconic chicken shop El Jannah are selling their Sydney mansion for an asking price of around $11 million.
Andre and Carole Estephan, who founded the much-loved chicken shop in 1988, have put their seven-bedroom, two-acre home in Dural in Sydney’s northwest for sale.
Fine dining has proven to be a successful venture for the Estephans – El Jannah has grown from a modest takeaway 30 years ago to a national chain with now 50 stores across NSW, Victoria and NSW.
And the spoils of that empire are now up for grabs, at a price.
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![Battle of the Charcoal Chicken Restaurants. South St, Granville Chicken restaurants are locked in a cost-cutting war. El Jannah Lebanese charcoal chicken owners Andre and Carole Estephan.](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1024 768"%3E%3C/svg%3E)
El Jannah Lebanese charcoal chicken owners Andre and Carole Estephan started their empire in 1988.
“This estate features one of the largest and most remarkable homes in Dural. It unfolds over 1,600 sq ft of impeccably crafted and grandly proportioned elegance and features a distinguished marble entrance hall leading to a succession of formal and informal spaces,” the listing said.
“From here it opens seamlessly to beautifully detailed open-air terraces and a multitude of lifestyle inclusions to satisfy the whimsical of dreams, all set on a lush 2-acre site with breathtaking mountain views.”
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![](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
Their $11 million mansion is for sale.
However, the reported asking price for the home is well below the $15 million suggested when the Estephans put the house on the market nearly two years ago.
And according to PropTrack, the average price in Dural has increased by more than 25 percent in that time.
The couple bought the six-bedroom home in 2014 for $4.6 million.
The grounds include a swimming pool, a championship-sized tennis court, a six-car garage and space for horse stables.
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The house is located on more than 2 hectares.
It was previously listed for $15 million.
One of the seven bedrooms.
An aerial view of the house.
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In November last year, el Jannah was reportedly acquired by a New York private equity firm in a blockbuster deal worth nearly $1 billionaccording to The Financial Review.
The acquisition by General Atlantic – best known in Australia for its investments in aged and disability care platform Mable – marked a major boost for the homegrown hero, with ambitious plans to expand its commercial real estate footprint across the country and take on fast-food heavyweights such as KFC and Red Rooster.
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El Jannah owners Andre and Carole Estephan outside their Newtown store.
CEO Brett Houldin declined to comment on specific transaction details when contacted at the time.
“I would like to say, however, that we are very pleased to have found a partner that is strategically aligned with the Estephan family, management and our franchisees,” he said.
“We look forward to this next chapter in the story of El Jannah.”
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