Summary
Rare coastal hospitality & leisure opportunity with $2.4M combined annual turnover, two complementary businesses, established management and significant infrastructure.
Revenue
$2,400,000 pa
Potential
Strong growth potential across functions, events, corporate bookings, tourism partnerships, catering, evening trade and leisure experiences. With established systems, management and infrastructure already in place, a new owner can focus on optimisation, expansion and further cross-selling between both businesses.
Skills
Ideal for an experienced hospitality, tourism or leisure operator, investor, partnership or family business. Strong business management, leadership and commercial skills would be beneficial. Existing management and operational systems are in place, reducing the need for owners to work day-to-day in the businesses.
Hours
Trading across multiple dayparts and days, with established management covering day-to-day operations.
Lease
Both businesses operate from one leased precinct, with two privately owned buildings included in the sale.
Employees
Experienced operational and leadership team in place. The businesses are structured to operate without directors working day-to-day, with owners primarily focused on administration, strategy, oversight and growth.
Reason for Sale
The businesses are being offered for sale primarily due to family and personal reasons, together with a change in the owners’ longer-term direction. This is not a distressed sale. Considerable investment has been made in the businesses, team, systems and infrastructure, and the owners are seeking the right purchaser to continue their growth.
About the Business
A rare opportunity to acquire two complementary businesses operating together from one prominent coastal tourism precinct in Queensland.
The combined businesses generate approximately $2.4 million in annual turnover and provide diversified income across hospitality, food and beverage, functions, events, tourism and leisure experiences.
The primary business is an established licensed hospitality venue with a strong presence in its local market. It operates across multiple dayparts and generates revenue through dining, beverage sales, takeaway, functions, events, catering and other complementary offerings.
Operating alongside it is a purpose-built leisure and entertainment business catering to individuals, groups, celebrations, visitors and corporate customers. The two businesses have been intentionally developed to complement one another, creating natural opportunities for cross-selling, packages, functions and group experiences.
Both businesses operate within the same leased precinct, with two privately owned buildings situated within the leased area forming part of the sale. Extensive plant, equipment, fixtures, operational systems and infrastructure are also included, providing a purchaser with a substantial established platform rather than a business requiring significant initial setup.
A key advantage is the existing management and leadership structure. The businesses are already set up to operate without the directors working within day-to-day operations. The directors currently receive wages but primarily focus on behind-the-scenes functions including strategy, administration, financial oversight, HR, marketing, systems, compliance and business growth.
This gives an incoming purchaser flexibility to maintain a strategic ownership role or become more operationally involved if preferred.
Further growth opportunities exist across functions, corporate bookings, tourism partnerships, catering, evening trade, group experiences and greater cross-promotion between both businesses.
Due to the profile of the businesses and the importance of protecting employees, customers and ongoing operations, the sale is being marketed confidentially. Business names, exact location, detailed financial information, lease documentation and asset schedules will be provided to genuine qualified purchasers following confidentiality arrangements.
Both businesses are being sold together as one complete opportunity and will not be separated.
History
The primary hospitality business has a long-established presence in its coastal market, with the current owners operating it for approximately three years. During that time, significant investment has been made in infrastructure, systems, equipment, team structure and customer experience. A complementary leisure business was later developed within the same precinct, creating a diversified multi-business operation.
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