Business For Sale
Price: $280,000 +SAV
Port Douglas' only Mexican restaurant. Located on Macrossan Street, in the heart of the village. This busy and highly acclaimed restaurant seats 50 plus inside and outside. Excellent figures and lease.
Serious confidential enquiries only.
Main Street Location, its great location has led it to become a well patronised restaurant with both locals and tourists alike.
It is one of the first restaurants most tourists see when they walk from their resorts (at the east end of town) into the village of a night, and as such this particular business enjoys excellent "free" exposure.
Currently open Monday to Friday for lunch (12.00 to 2.00pm) and dinner Monday to Saturday (5.30 to 9.30pm). Closed on Sundays. Takeaway Meals are available during all operating hours. This restaurant has a seating capacity of up to 50 people, which includes tables set up inside and outside the restaurant.
This business also sells a range of speciality food products, beautifully packaged and imported from around the world. Currently, the food and beverage stock level of these products, stands at approximately $8,000.
Three years worth of daily revenue figures on monthly spreadsheets are available for viewing to prospective purchasers.
Lease: Commenced in July 2004 on a 3x3x3 year lease. Currently the business is in its first year of the second 3 year option. Paying $29,500pa rent (incl GST) + body corporate levies of $3,400pa. Rent increases by CPI each year and an automatic 10% increase at the beginning of each three year option. There is no market review attached to the lease.
Potential: There is great additional potential to quickly increase the revenue stream should an operator be so inclined. Operating 7 days a week instead of 6, would at a conservative estimate increase net revenue by $80,000. Breakfasts could be introduced, also.
For further information or to view figures (for genuinely interested parties) on this Port Douglas main street restaurant business call Phil Holloway at Century 21 Port Douglas Real Estate on 07 4099 4099 or 0419 419 419.
Property Address
Find our property at 4/43 Macrossan Street , Port Douglas
