The Balcony Restaurant – Townsville CBD

AU$320,000
November 14, 2019

Description

Business Overview
The Balcony Restaurant is situated in the heart of the Townsville CBD at 1/287 Flinders Street. The business is recognised as one of Townsville’s leading premium breakfast and lunch restaurants and is consistently voted as Best Breakfast in Townsville.

Established over 35 years ago, The Balcony has been owned by the current vendors for 8 years. The restaurant trades 7 days a week and the clientele is a mix of work meetings, visitors and local social gatherings. The attentive service and dedication to good food and fine coffee ensures the return business from its tribe of loyal followers.

The current owners have cleverly capitalised on its strengths as a day-time offering, and in so doing have secured not only a profitable business, but a balanced lifestyle which few other restaurateurs in Townsville have achieved.

287 Flinders Street
The heritage building was built in the 1920s and exudes an old-world charm and ambiance that is unmatched in Townsville. The timber staircase takes you on and upwards to the quirky space above that ensures a unique and memorable experience unmatched in Townsville. Nestled high above, the Balcony Restaurant permeates a relaxed and pleasant ambiance where you can escape the hustle and bustle of below.

Private Events
The Balcony has developed a sterling reputation for private events, including:

  • Delicious high teas for birthdays and baby showers
  • Professional networking events
  • Gourmet food and wine matched full dining experiences

Passionate about food and wine, The Balcony has worked with local businesses, social and community groups to curate unforgettable culinary experiences.

Social Media
The social media presence is balanced and perfectly pitched, with social recommendations increasing its popularity. There are currently over 6,600 followers on Facebook with a 4.6 star rating after 227 reviews!

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

  • The perfect location in the Townsville CBD in an historic building
  • An excellent reputation for food quality, service and consistency
  • A tribe of loyal followers
  • A well established, profitable, lifestyle business
  • The opportunity to capitalise on a thoughtful, well respected approach to great food, coffee and wine in the heart of the local community
  • Steady revenue growth and profit margins with a 51% return on investment
  • A growing customer base
  • Comprehensive systems and procedures that streamline processes for an efficient operation
  • Highly trained employees
  • Room to grow the business

Business Price
The Balcony Restaurant is being sold for $320,000 plus 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
  • Margaret Butler – 0419 664 349 or margaret@beyond2000.com.au

 

Location