Fish, Chips, Seafood & Gelato – Magnetic Island

The owner of these very profitable, fully managed businesses has turned 70 and it’s time to retire! He’s now selling both businesses for well below replacement cost!

Business Overview
SOS Stuffed On Seafood (fish and chips and takeaway) and Fruits N Scoops (gelato bar) are side by side businesses working hand in hand on the beautiful Magnetic Island. The businesses are perfectly positioned next to each other at Shop 1 & 2, 4 Arcadia Road, Nelly Bay, within walking distance to the ferry and barge terminal and centrally located between both Peppers Blue on Blue Resort and The Mecure 1 Bright Point.

With well established systems and procedures in place, the businesses are run under management and use the same trained staff across both venues. The following employees are currently engaged:

• 1 manager
• 1 assistant manager
• 2 apprentices (with government wage subsidies available)
• 24 casual staff

No prior seafood experience is necessary and all training will be provided. The fit out costs for the two businesses exceeded $500,000 when opened in 2018 and 2019 so at a price of $199,000, this is an absolute bargain!

Combined sales for July 2022 – February 2023 already exceeded $1.7 million and are forecasted to exceed $2.3 million in sales for the 2023 financial year.

Magnetic Island is located 8 kilometres offshore from Townsville. It has long become established as a premier North Queensland tropical holiday destination with stunning bays, golden beaches, wildlife, water sports and meandering walking tracks.

SOS Stuffed On Seafood Restaurant & Takeaway
Key features:

• Established December 2018
• Dine in and takeaway – 7 days a week from 11am – 8pm
• Licensed seafood restaurant with seating for 110 customers
• Fresh retail display for takeaway customers
• Using Australian Seafood where possible and serving freshly prepared meals along with the all-time favourite Aussie fish & chips.
• Menu also caters for non-seafood lovers and gluten free customers
• Strong local customer base and a known ‘go to’ venue when visiting Magnetic Island
• Rapid and consistent growth since opening in 2018 even during COVID lockdowns and uncertainty
• Large Facebook following with 2,600 followers
• Established website used for Easter and Christmas online seafood orders
• Great fitout with highest quality fixtures, fittings and equipment
• Very reasonable rent and long lease with options available

Fruits N Scoops Gelato Bar
Key features:

• Established August 2019
• Open 7 days a week from 8am
• Known for its amazing Italian style gelato which is mixed and served directly from the machine in front of customers
• Also a well established café that serves breakfast 7 days a week
• Menu includes amazing coffee, smoothies, acai bowls, waffles, crepes, poffertjes, bacon and eggs
• Large range of lollies and sweets and fresh fruit and vegetables for sale
• Recently launched JUST GRAZE by FNS – Delivering Amazing Grazing Platters
• Large Facebook following with 1,300 followers
• Very reasonable rent and long lease with options available

Reason For Sale
Owners are retiring.

Business Price
SOS Stuffed On Seafood and Fruits N Scoops are being sold as a package for $199,000 plus stock.

Confidentiality Agreement
To receive a Sale Proposal, please complete our online Confidentiality Agreement form at www.beyond2000.com.au/confidentiality-agreement. Once we receive your details, we will email you the Sale Proposal for this business.

Business Broker
Susan Butler – 0419 905 463
susan@beyond2000.com.au
www.beyond2000.com.au