Summary
A vibrant fully licensed and fully managed restaurant at Picnic Bay, Magnetic Island. Established in 2024 and just steps from the ocean. Good food, good drinks, and good times in a stylish setting.
Location Details
Sea Salt Arcade, 9 The Esplanade , Picnic Bay
Hours
Thursday to Monday: 4.00pm – 8.30pm
Employees
1 x full-time chef
1 x front-of-house manager (35 hours/week)
2 x casual FOH staff
1 x junior kitchen hand
About the Business
Welcome to Restaurant Elsie, a vibrant and much-loved dining destination located in the charming Sea Salt Arcade at 9 The Esplanade, Picnic Bay, Magnetic Island. Positioned just steps from the ocean, this fully licensed restaurant brings together good food, good drinks, and good times in a relaxed and stylish setting.
Established in 2024 by two passionate chefs, Restaurant Elsie has quickly become a go-to venue for locals and tourists alike. With a glowing 4.9-star Google rating and over 2,500 social media followers, the restaurant enjoys a loyal and growing customer base.
Whether it’s a beachgoer dropping in for a relaxed bite or a special occasion dinner with friends, the venue delivers a welcoming atmosphere and consistently excellent food.
The space and brand are dynamic and versatile, allowing a new owner to build on a strong foundation while bringing their own vision to life.
The current trading hours are Thursday to Monday from 4.00pm to 8.30pm, providing an excellent work-life balance and scope to extend trading hours if desired.
The business is fully managed and operates without the owners' day-to-day involvement, as they have relocated interstate. An experienced team is already in place, including two full-time chefs, a front-of-house manager and casual staff, allowing a new owner to continue operating under management or become more hands-on to further grow the business.
Key Highlights:
* Fully managed operation (owners do not live in Townsville)
* Prime location in Picnic Bay, Magnetic Island – one of North Queensland’s favourite holiday destinations
* Fully licensed venue with modern fit-out and casual neighbourhood appeal
* Modern Australian menu featuring seasonal, locally sourced produce
* Strong branding and social media presence
* Spacious kitchen and premises with good equipment base
* Excellent team in place, including FOH manager and full-time chef
* Opportunity to expand catering, events, day trade or functions
* Venue available for private hire, weddings, and off-site catering
* Snack & Sip sessions and Saturday Bake Sales – two high-margin crowd favourites
* Ever-changing blackboard specials keep locals coming back
This business is ideal for a chef, hospitality duo or lifestyle buyer wanting to live and work in paradise. There is ample room to grow the business further, particularly by increasing trading hours, expanding catering offerings, or hosting more private events and collaborations.
Business Broker
Susan Butler – 0419 905 463
[email protected]
www.beyond2000.com.au
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