UNDER CONTRACT

Refit from top to bottom including kitchen, restaurant and signage was completed in 2007. Cannonvale and The Whitsundays. The Whitsundays has become one of the worlds most desirable destinations with its 74 idyllic islands surrounded by the magical Great Barrier Reef. More than 650,000 tourists flock to the region each year, which supports a vibrant business sector.

Increasingly, people from all over the world are seeking to make their home here, lured by the charms of a tropical lifestyle.

Fortunately, The Whitsundays future as a protected environment is assured. More than half of the Shire is national parkland, providing a vital life support system for ancient rainforests and exotic wildlife. The local economy is driven by tourism, sugarcane, farming and cattle grazing.

The region has a full range of services and facilities, which is why many people are choosing to raise their families here. The Whitsundays will continue to grow although the growth will be managed with care. After all, its the natural attributes that bring people here in the first place.

The new purchasers will walk into an ongoing cash positive business including a point of sale system, all training and operations manuals, a fully trained management team, all signage, furniture, plant and equipment.

The restaurant would be ideal for those wishing to start their own business. An owner operator could cut wages, decrease wastage and subsequently increase profits!

Location:
The business is located in a major shopping centre alongside the main road into the tourist centre. Cannonvale is 3km from Airlie Beach, 25km from Proserpine, 150km North of Mackay and is fast becoming a prominent business centre. There are two good size shopping centres, two primary schools (one public, one private), plus many other large businesses. Cannonvale is the support base for the boating and tourism industries, plus caters to the tastes and activities of younger families.

The Building:
The building has had a complete refit finished in April 2007. This included kitchen, restaurant and all the signage. So the new owners will walk into a completely new store!

The business is situated in a stand alone building with excellent parking, airconditioned restaurant with the only fast food drive-thru on the coast. The building is leased to the franchise owners on a 5×5 year term which has only just begun.

The Business:
The business was purchased through receivers and was in a very run down state. It has been building ever since, this is highlighted by the annual sales and profit summary below.

Financial year 05/06 – Gross sales of $904,648 and a net profit of $125,742.
Financial year 06/07 – Gross sales of $863,506 and a net profit of $5,283. This is due to the renovation costs paid in this financial year.

The business is to be sold as a fully managed going concern and comes with:
- A point of sale system
- EFTPOS
- All Training and Operations manuals
- A fully trained management team
- All kitchen Plant and Equipment
- Furniture
- Road Signage

There are 3 full time as well as 8 casual employees. All staff entitlements will be paid by the vendor prior to settlement. The current management team are fully trained in the operational systems and can be retained if required, the relevant training and operations manuals will also be provided along with the franchise agreement (on application).

Stock on hand usually runs between $10,000 and $12,000.

Plant and Equipment:
Please contact our office for a comprehensive list.