Waterfront Lifestyle with Future Growth "Baked In" $1.3m + SAV
Profit forecast for FY25 of $467,000 is based on the businesses inevitable organic growth and does not reflect what would be accomplished with even minimal marketing.
Operating since 1952; the iconic nature of the business and its breath-taking setting combined with a superb two-year building redevelopment has made it a recipient of multiple Queensland Tourism awards for business and innovation throughout 2022,23,24. Featured on both channel 9 and channel 7 TV the business has multiple revenue streams including:
All new cafe and commercial kitchen
All new bar and pizza parlour with large alfresco area to make the best use of both the business music and alcohol licenses
New fishing tackle retail supplies store
Recreational boat hire (currently licensed for over 30 craft), Kayak hire and tours
BBQ boat hire with purpose-built shallow craft
New custom-built boatshed for up to 10 trailer boats and hard stand for additional 8 boats, plus engine servicing, sales, repairs and equipment storage
Boat tours and charters
Three, highly sought after, commercial moorings and associated new mooring tackle
In addition, two on site luxury apartments were completed as part of the renovation. Perfect for long term or holiday letting, these can only add to further profit, or be used as the business owner's residence. The assets included in the sale are realistically valued at half replacement cost approximately $650k.It is impossible to understate the profitable growth potential of this business. In addition to the surrounding population that have made this their "local" and the thousands of visitors that pass by, without any promotion, the venue has become the destination for: Touring and Classic car rallies, Boating regattas, Music clubs, Special event organisers, boat clubs, artist groups and families in general.
An Information Memorandum is available that gives full justice to this opportunity for qualified buyers.
$1.3m + SAV Eamonn Bicknell: 0452 321 954
