Summary
Swains Seafood and Salad is an iconic takeaway store located in Gladstone Queensland, successfully operated over a 34 year period by passionate family owners.
Location Details
111B Toolooa Street, South Gladstone, Queensland, 4680
Local Shopping Strip, ample onstreet parking.
Potential
Potential to trade for longer hours and additional days. Current business operates on a four-day open basis but historically has been open for 5 to 6 days. Customers have been requesting longer opening hours.
Gladstone is an industrial town, which some industry operates on a 24-hour basis. There is a significant number of well-paid customers who are after good quality takeaway food seven days a week.
Increase the product range, for example burgers or other non-seafood products.
Include online and delivery.
Skills
People skills in serving the public.
Experience in food preparation and fryer cooking beneficial.
Small business management and accounting.
Stock management.
Basic cleaning skills.
Hours
Current hours open to public, four days a week, 11am to 2 pm, 4pm - 6:45pm.
Lease
Long standing lease with a good relationship with lessor.
Employees
Currently, one permenant casual employees.
Reason for Sale
Family owners are currently planning retirement.
About the Business
A genuine, once in a lifetime opportunity to acquire a well-established business, run successfully on minimal opening hours, by a family couple who valued providing their customers with a quality product, clean well-kept premise while slowly investing into the business and refining the product for the customers.
Prior to establishing Swains Seafood and Salad, the owners background included multiple small businesses, a passion for fishing, and knowledge in what the customers of Gladstone wanted regarding seafood.
The shop is a WIWO (walk in, walk out) where it is a complete package where everything currently inside, equipment, furniture, appliances are included for a single, all-inclusive price plus stock at value.
The current menu includes selected, paired down quality seafood products to provide the customer with high quality, delicious meals. Product includes various types of fish, prawns, calamari, bugs, quality potato chips as well as shop made salad (Recipe of the owner), as well as a large selection of modern and classic drinks.
Could a small business be so successful that they could develop a cult like following and exchange stories told by inter-generational customers over 34 years. It can be, Swains Seafood and Salad are known for;
- Never open long enough, even for family members visiting,
- Lines of customers outside the store on Friday evenings,
- Customers arriving early prior to evening trade to be first customer and secure their meal order,
- Tourists visiting Gladstone from as far as Western Australia purely to sample the seafood;
- Customers sending the family owners postcards from their oversea holidays with menu orders, and,
- The store becoming so popular that the owners invested into an oversized red ‘Closed’ sign to try and communicate that the store was in fact closed.
Current Google reviews (4.6 from 254 reviews) show the love the customers have for the business.
Further information such as running the business, profit and loss, lease details, shop inventory of equipment etc. is available to qualified buyers on signing a non-disclosure agreement.
History
The owners moved from North Queensland after running several small businesses, to establish this business in 1992, as Gladstone was shown to have an overall higher than average disposable income and, at the time, higher than average new car sales.
In 34 years of business, Gladstone has proven to be a reliable customer base with high spending disposable income.
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