Hervey Bay, Queensland 4655

Prime Esplanade Restaurant and Freehold

For Sale | $1,800,000

Restaurant Takeaway Food

CPI Business Sales has secured a rare opportunity to not only buy the Bay's most recognized restaurant, but also the prime Esplanade freehold consisting of a mix of commercial tenancies with the added bonus of DA approved residential duplex. The business turns away customers now as it is regularly at seating capacity.

The commercial premises consists of 3 tenancies with a planned change to include a 4th tenancy as well as having completed all the hard work to build a residential duplex onsite overlooking the bays pristine beach and waters sheltered by the world heritage listed Fraser Island.

The owners of this exciting opportunity recognize that some buyers want to own the premises as well, so they are open to a full package sale or a first right of refusal on the premises if the business only was purchased at this time.

COMMERCIAL PREMISES:
Comprising 3 tenancies returning around $120,000 pa plus outgoings.
Approximately 437m2 of lettable space
Approximately 150 m2 lock up storage with DA to replace with Duplex

BUSINESS HIGHLIGHTS:
Strong reputation for quality food
Constantly booked out
First time offered to market

BUSINESS STRENGTHS:
Proven menu and process
Ranked high on external sites such as Trip Advisor
Repeat business both local and holiday makers through reputation

EQUIPMENT:
This established business is to be sold with all plant and equipment including seating, cutlery, cooking utensils, fridges, freezers, displays, cold room, ovens, stoves etc. A full list of inclusions is available.

BUYERS TRAINING:
Owners are looking to slow down, not leave town, so they are open to negotiation on training and a warm handover of the business.

FINANCIALS:
Financials available to qualified buyers.

REASON FOR SALE:
Owners looking to down size to a non- competing business.

PRICE: $1,800,000 wiwo

Reference Number: CK014 cpibusinesssales.com Contact agent Mark 0417745505 mark@cpibrokers.com
Call us now for more details.

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Mark Abercrombie



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Mark Abercrombie

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Overview

This Restaurant Business is one of 690 businesses for sale in South East Queensland, Queensland, and one of 16 Restaurant Businesses in this region that a business for sale currently has on offer. This Restaurant Business is for sale in South East Queensland for the asking price of $1,800,000 and has been on market for less than 3 months.