Beautiful Restaurant With Amazing Views & Excellent Turnover For Sale

Business description

If you are looking to buy a great business in a superior location – then look no further!

For the second time in 17 years this multi award winning restaurant is on the market. It boasts a strong reputation, being highly regarded and supported by the locals, as well as influential local, state and national tourism organisations. Recently awarded the pestigious title of 'Best Hospitality Business' at the Sunshine Coast Excellence in buisiness awards for 2009.

Take advantage of the restaurants fantastic location and views – it is situated on a busy tourist route, just minutes from the famous Mary Cairncross Park and Glasshouse Mountains Lookout, and on the direct route to the popular townships of Maleny and Montville Village.

Cash in on one of the fastest growing populations in Australia, with South East Queensland exploding. Being perfectly situated in the Sunshine Coast Hinterland means this restaurant captures the benefits of both the ‘sea change’ and ‘tree change’ population movements. There is lots of development happening in and around Maleny and surrounding coastal regions.

Exploit the strong alliances with the local B&B’s and tourism operators, excellent internet marketing strategies and customer database with hundreds of loyal customers, to your full advantage.

The restaurant is fully licensed and trades 7 days a week for lunch and dinner, seats 85 and has a long lease in place with the added opportunity to buy freehold.

Proven operating systems in place means this restaurant runs well under management.

Included in sale price;
Long Lease
Plant and Equipment
13 seat Hi-ace Bus
One of the most solid reputations you could possibly want in a business


With current owners wanting to relocate interstate to pursue other interests this fantastic restaurant could be yours – to find out more - contact us now.

Property information

Real Estate:

Lease

Leasehold rent:

$75 560 plus GST per annum

Location:

Maleny, Sunshine Coast Hinterland. The Restaurant is situated on a busy tourist route, just minutes from the famous Mary Cairncross Park and Glasshouse Mountains Lookout, and on the direct route to the popular townships of Maleny and Montville Village.

Located on the corner of Mountain View Rd and the Maleny-Landsborough Rd, MALENY QLD 4552

Premises details:

The premise is prominently located on the very popular Mountain View rd. The restaurant overlooks the Sunshine Coast hinterland with views stretching all the way north to Noosa. The Restaurant has a large dining area and a separate lounge area. Within the lounge area there is a modern fireplace which comfortably heats the restaurant on cool Maleny nights and creates a very cosy atmosphere. The restaurant underwent a refurbishment 4 years ago.

The premise is fully licensed.

Other information

Expansion potential:

The business has many possible expansion opportunities.

You may be able to expand the business by exploiting the customer database that has been established with clever marketing campaigns and offers. Plus you could grow the amount of customers on the database indefinately.

You could target the Wedding Market. Maleny and surrounding Hinterland has a very large wedding market with hundreds of couples getting married every year in this area. We have not actively pursued this market, but it has huge potential.

You could utilise the bus further by offering it services 7 nights a week to the local B&B's - currently we operate it on Friday, Saturday, Sunday and Monday nights. You could also, expand this service to the sunshine coast area. You could consider doing a bus tour of the region with a lunch or dinner at the Terrace.

You could target the corporate market by offering exclusive use of the restaurant for conference days. Utilising the lounge area for the meetings and presentations, then offering lunch or dinner in the main dining room. Plus add on teas/coffees and morning/afternoon teas and restaurant hire fee.

Expand the business by forming joint ventures with the numerous tour operators that bring bus loads of tourists to the area. Offer an excellent lunch and great dining experience to the guests.

Competition / Market:

In the Maleny area there are 2 other restaurants of similar standard to the Terrace, and a few cafes and take away shops in the township of Maleny. Of the 2 restaurants of the same standard, one is closed for the duration of 2009, as the owners have taken the year off to travel overseas. The other restaurant is just across the road, however it is located on a bend and has a difficult parking area to access. In addition to this, the restaurant has only been operating for the past 18 months so is still establishing itself and its reputation. It is also much smaller with only 40 seats. Regardless, we believe it compliments our business quite well. The Terrace, with its' inviting atmosphere, location and superb reputation is by far the busiest.

Reasons for selling:

Current owners wanting to pursue opportunity interstate.

Trading hours:

7 days a week
Lunch from 12 noon
Dinner from 6pm

Inventory / Stock value:

$15,000

Website:

www.terraceofmaleny.com.au