Enviable Lifestyle, Rare Freehold with a Business generating profits of $360k. Offers invited over $4m competitive vendor finance terms available.
The Location: Receiving several thousand visitors per week, the area is considered a true show piece of the Morten Bay area. This waters-edge, lifestyle business, operating since 1952 is possibly the only privately held freehold in a national park, on the banks of a marine national park. The iconic nature of the business and its breath-taking setting has made it a must stop venue for Touring and Classic car rallies, boating regattas and boaties daily. Making the most of the business's music licence the outside bar becomes a local jazz club drawing in crowds whenever events are staged.
The Business: Already a recipient of multiple Queensland Tourism awards for business and innovation and destination Queensland and featured on both channel 9 and channel 7 tv, the well-established revenue streams are:
All new cafe, and kitchens
All new bar, and pizza parlour with full live music venue license
Events for Birthdays, weddings, Jazz nights etc
Fishing tackle retail supplies,
Recreational boat hire (currently licensed for 37 craft),
Boat and engine servicing and repairs.
In February 2024, two luxury apartments were completed that will only add appeal and profit to this already successful business - all operated from one premises.
The sale will include additional assets realistically valued at $634k together with SAV approximately $50k
Indicative income range for a working owner will be $500k to $650k pa as per the current model - realistically the income potential is significantly more.
The Premises: Sitting on circa 800m² of prime water front land, the 600m2 steel-framed, property has been completely rebuilt with a "no expense spared" approach to the quality of the fit out.
Excluding the business, as purely as a large waterside lowset home, a recent valuation was $3.8m.
Recently completed, a large custom-built boat shed with internal reception/booking area, that includes 2 engine service bays and room for an additional 6 boats on trailers inside (or a 10-car garage) and 8 boats outside for part of the recreational hire fleet. In addition, there are 4 very sought after commercial moorings and all associated tackle.
So many factors make this a rare opportunity for anyone wanting to own the freehold of a stunning lifestyle location that offers significant potential for cash flow, return on investment and capital appreciation.
Eamonn Bicknell: 0452 321 954
