Seafood Restaurant & Gelato Bar – Townsville

May 27, 2022

Description

Net profit of $260k for an owner operator! If you’re looking for a seachange to escape the hustle and bustle of city life, there is no better place to buy a business than Magnetic Island, Townsville!

Business Overview
SOS Stuffed On Seafood (restaurant 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 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.

Currently run under management, 32 casual employees work between both businesses. Well established systems and procedures are in place and the staff are fully trained to run both stores.

Combined sales exceeded $1.8 million for the 2021 financial year with a strong gross profit margin and net profit. A hands on owner operator willing to work the business themselves has a massive bonus of an increased profit margin.

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 $450,000 + stock (neg).

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