$339,000 + SAV
About this opportunity
Hear the wave’s crash on the beach from your very own Foodworks Store in Horsehoe Bay, literally 30 metres from the beach on beautiful Magnetic Island. A real lifestyle business where you can pick and choose to do all the work yourself or as little as possible. Currently run by a husband and wife team and 8 casual staff, this business will tick a lot of boxes for someone looking for a great business that’s priced right with a sea change or lifestyle change thrown in for free.
Why should you consider this opportunity?
- Well Established Business
- Turnover $1.0m Per Annum
- Beachfront Location
- Family Business Opportunity
- Great Lifestyle
- 1 Stop Shop with Huge Product Range
- Very well Merchandised
- Catering to Tourists & Locals
- Systems and Procedures in Place
- ATM In Store
- Computerized POS System Linked to Back Office
- Good Modern Fit Out
- Plant and Equipment in Good Order
- Food Licensed
- Easily Run
- Experienced Staff
- Residual Lease of 5 Years + 5 Years + 5 Years from 29/02/2017
Magnetic Island is a tropical paradise 8 kilometres offshore from the city of Townsville, North Queensland, Australia. It’s very accessible with a 20 minute ferry trip to this tropical island that boasts total relaxation with some of the world’s best coastline, beautiful bays, pristine beaches, and Koalas. The island is heavily supported by tourists from all over Australia and the world. In addition to this there are 2100 local residents who call Magnetic Island home.
What better place to own your own business right on the beach at Horseshoe Bay with a view from the front door that would want to make you pinch yourself to see if it were real, in fact it is so here is your opportunity?
Foodworks has developed a great brand with a store network consisting of 650 members Australia-wide with an annual turnover of $2 billion and more than 3 million customers a week. When you own a Foodworks store, all the profits from your business belongs to you and as a Foodworks member they provide you with the tools, support and services you require to ensure your success.
This business is known as Horseshoe Bay Store and has been in this location for approximately 15 years. It is in a highly visual beachfront location on the ground floor of a large multi-story apartment block. Although not obvious Horseshoe bay does have a large residential catchment as it is set back from the beach, more obvious is tourist the accommodation in and around Pacific Drive which is right on the beach all of which provides easy access to the business.
The store has a clean modern fit out, is well stocked and very well merchandised in keeping with a basic corporate layout giving the store good flow with lots of colour. The store also has its own ATM which is very handy providing additional customer service and retail sales.
A computerized Point of Sale System with two service points are located to the front of the store which is linked to a back office making it extremely easy to track sales, change prices and view or print any myriad of reports to track the stores performance.
The store also holds a food licence giving provision for all sorts of food handling including cooked food. All the plant and equipment included in the sale is maintained in the highest order and serviced regularly for compliance and efficiency.
The business has a long lease in place with approximately 3 years to go on the current lease followed by 2 x 5 years options taking you through to the end of February 2031.