Thriving Restaurant – A Once In A Lifetime Opportunity – Ref:2356

Once in a lifetime opportunity to purchase this Iconic Beach Front Restaurant in Palm Cove, Cairns. The business was established by our client and has been running under the same name for 30 years. The premises have recently been Fully Renovated and comes with a Long Lease. The Business generates a turnover in the region of $1.2M, with a gross profit of approximately 79%.

The restaurant a fully managed business, producing dishes of the highest quality within a spacious dining area with covers for up to 140. The property is maintained to a high standard throughout and benefits from a large commercial kitchen and bar area. This is an excellent opportunity for a new owner, possibly a husband and wife team, to take this already thriving and profitable business to the next level. Owner is selling due to family reasons.

The Business:

- Turnover Approx. $23,000+ per week;

- Excellent Waterfront Location;

- Long Lease, Great Rent;

- High foot traffic;

- Showing Net Profit of approx. $355,000 pa;

- Seating circa 140 covers;

- Licensed until 12:00 Midnight;

- Large, well equipped commercial kitchen;

- Trading 7 Days 5:00pm11:00pm;

- Recently Fully Renovated;

- Potential to grow with over 1,000+ apartments located within walking distance.

An absolutely superb business and very well priced.

Expressions of Interest – Don’t miss this opportunity, Call Now!

Broker: Paul Meyler 0432 775 499 /paul@absbrisbane.com

Head Office: 07 3368 4010 /reception@absbrisbane.com

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