SOLD! Iconic Waterfront Licenced Dining Precinct, Townsville, North Queensland

A unique opportunity to operate or invest in a multi-brand dining precinct on the park and beachside in Townsville, North Queensland. This iconic location is secured with lease options until 2040, providing certainty of profits for at least 20 years. The business has 4 seperate revenue streams from gourmet fish & chips, an ice creamery, a pizzeria and a 3 x bedroom AirBNB, providing forecast revenues exceeding $2 million.

The precinct has a 220m2 fully licensed outdoor dining area overlooking the marina in Townsville’s premier recreation area. All food outlets have been thoughtfully designed and are fully fitted out including best in class POS systems.

Business Highlights

• Annual revenue on pace to exceed $2 million
• Tightly designed menus with COGs circa 30%
• Net Profit under management expected to exceed $500K
• Remote access to POS and security systems
• Experienced Managers in place
• 5 year lease, plus 3 x 5 year options
• Iconic park-side/beach front licensed dining precinct
• Business is highly systemised with full documentation
• Registered Trademarks, professional branding
• High quality fit outs with highly efficient design
• Professional photography, video and social media clips

This business provides an attractive diversified income, with a unique and competitive advantage due to the location and long term certainty. This opportunity will appeal to an Investor(s) looking for large returns with low risk OR a savvy operator looking for an enviable lifestyle in Queensland’s Tropical North.

Genuine Reason for sale, business will be sold. Asking price is $1.2 million Plus SAV, including Fit out the owner estimates has replacement value of $600K and all intellectual property.