Link Business

Restaurant with Freehold on Magnetic Island

Refer to BrokerFar North QueenslandListing: #NQ00016

About this business for sale

Restaurant with Freehold on Magnetic Island

Magnetic Island is an established community catering to tourists and locals all year round. Residents of Townsville are also ‘locals’ who love to holiday on & day trip to the island.

Some of the main features of this opportunity:

  • The restaurant is on an ideal corner site a short distance from the ferry terminals, holiday apartments, hotels and motels.
  • Set in tropical surrounds it is the perfect spot for customers to relax and enjoy lunch or dinner.
  • The location could suit any style cuisine, particularly Asian with little competition.
  • Fully equipped kitchen, everything included in the sale.
  • Fully licensed & BYO.
  • This business would be ideal for a owner operators or family to maximise profits.
  • There is a local school and the island is a safe, fun place for children to enjoy the tropics.
  • Discretionary trading hours, allows for annual leave in February/March.

The freehold comprises 52sqm bar & kitchen, plus exclusive use of 135sqm covered terrace.

The restaurant can be purchased separately or with the freehold property.

Business sale price $260,000

Combined sale price $720,000. Reasonable offers on either option would be considered.

 

#NQ00016
Broker: Wendy Treacey
Mobile: 0404 823 116
Phone: 02 9899 1999

To complete an online confidentiality agreement visit this business at: http://www.linkbusiness.com.au/NQ00016

The purchase to make his/her own investigations and enquiries in relation to the business and not to rely upon warranty or statement made by the vendor or by anyone on his/her behalf.

North Queensland
wendy.treacey@linkbusiness.com.au
+ 61 2 9899 1999
+61 404 823 116

Wendy Treacey

*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.