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Home News Business

Sydney Mansion Slashed: El Jannah Founders Drop Millions

Luna by Luna
19 Februari 2026 - 20:43
in Business
0

El Jannah Founders List Lavish Dural Estate Amidst Billion-Dollar Business Sale

The founders of the beloved El Jannah charcoal chicken chain, Andre and Carole Estephan, have once again placed their expansive Dural estate on the market, this time with a reported price tag of $11 million. This marks the second attempt in two years by the couple to offload their substantial property in Sydney’s north-west.

The multi-level mansion, previously listed for over $15 million in March of this year, boasts an impressive seven bedrooms and eight bathrooms, catering to a lifestyle of luxury and space. For equestrian enthusiasts, the property includes dedicated horse stables, and for those seeking recreation, a full-size tennis court is at their disposal.

This renewed listing follows significant media attention for the Estephans, who made headlines in November when their highly successful El Jannah charcoal chicken business was reportedly acquired by a New York investment company for a staggering $1 billion.

Nestled within 2.11 hectares of bushland in a semi-rural pocket, located more than 31 kilometres from Sydney’s central business district, the estate was originally purchased by the retail entrepreneurs in 2014 for $4.6 million. The property features a private road leading to the residence, ensuring exclusivity, and is adorned with terraced, meticulously manicured gardens.

The architectural design of the home expertly blends old-world opulence with contemporary chic. A standout feature is the grand porte-cochère, an impressive entryway spacious enough for vehicles to drive through, offering a dramatic entrance. Inside, the layout embraces a modern, open-plan design, promoting a sense of flow and light.

However, the residence also retains a wealth of traditional comforts and amenities. It offers four distinct private living areas, providing ample space for relaxation and entertainment. An executive study offers a sophisticated workspace, while a dedicated cinema promises immersive movie nights. For those who enjoy a game of billiards, a purpose-built room is included.

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Further enhancing the entertainment capabilities is a sprawling rumpus room, extending over 150 square metres. This expansive area is equipped with a fully functional wet bar and a sophisticated wine gallery, perfect for hosting gatherings.

The list of luxury inclusions continues with an alfresco terrace, complete with a built-in outdoor kitchen, ideal for al fresco dining and entertaining. The king-size bedrooms are designed with comfort in mind, each featuring walk-in wardrobes. Additional practical spaces include a home office, a dedicated library for quiet contemplation, and a fully equipped gym for maintaining an active lifestyle.

The El Jannah success story began in 1998 when Andre and Carole Estephan opened their very first store next to a train station in Granville, a suburb in Sydney’s west. Over the past 27 years, their family-run business has transformed from its humble beginnings into a formidable fast-food empire, now boasting an impressive 48 stores operating across Australia.

The highly sought-after restaurant chain was reportedly sold for a sum close to $1 billion following a highly competitive auction process. The acquisition was made by New York-based private equity firm General Atlantic, which successfully outbid offers from prominent financial institutions including Goldman Sachs Asset Management and Melbourne-based buyout firm BGH Capital.




Despite the sale, it is understood that the Estephan family will retain a significant stake in the business and will continue to be involved in its operations. Brett Houldin is also set to maintain his position as CEO.

At the time of the reported sale, the family business operated 30 stores within New South Wales, 17 in Victoria, and one in the Australian Capital Territory. Since then, El Jannah has continued its expansion, with two new locations opening: one in Hawthorn, in Melbourne’s inner east, and another in Woden, in Canberra’s south.

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The El Jannah franchise network is currently processing a remarkable 100,000 chickens each week, with ambitious plans to grow to 70 restaurants by July 1, 2026. The brand is strategically aiming to establish itself as a household favourite, positioning itself to compete directly with established fast-food giants such as KFC and Red Rooster in the popular chicken-oriented market.

  • Editor: Riko A Saputra
  • Redaktur Pelaksana: Erwin
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