Lighthouse Bar & Grill – Palmer Street

AU$99,000
April 3, 2017

Description

Business Overview
Lighthouse Bar & Grill is a stunning waterfront restaurant located at 61-63 Palmer Street, South Townsville. The business has been operating for 4 years and boasts uninterrupted views of the stunning blue water of the marina and the river to ocean mouth.

The restaurant is popular with local and tourists thanks to its modern, wide range menu which includes a great variety of mouth-watering lamb, duck, pork, steak, seafood, vegetarian and gluten-free dishes. The fully licensed business also has a Showcase Bar of 44 rums, 43 whiskeys and 8 vodkas and a very extensive wine menu for all occasions.

Facilities
The business generally caters for 110 to 120 seated patrons. The wedding layout caters for 100 seated patrons. Stand up functions can cater for 165 to 195 patrons.

The plant and equipment is in excellent condition and the set up costs are substantially higher than the asking price of the business.

Areas of Competitive Edge
Many areas of competitive edge exist including:

  • Perfectly positioned on Palmer Street, one of North Queensland’s premier dining and entertainment strips
  • Stunning views over the marina and mouth of the river to ocean
  • Large restaurant with movable partitions for multiple functions
  • Cool alfresco dining area with breathtaking views
  • Popular venue for weddings, functions and special events
  • High quality, modern food range catering for all tastes
  • Excellent fitout and furnishings
  • Large kitchen with off road loading area
  • Large bar with great range of Australian and imported beverages
  • Option to develop the upper floor
  • Proposed new ferry and commercial developments
  • Convenient car parking

Price
Lighthouse Bar & Grill is being sold for $99,000 + stock at valuation.

Contact
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. Alternatively, contact:

  • Susan Butler – 0419 905 463 or susan@beyond2000.com.au

Location