Horseshoe Bay Store
About this opportunity
Hear the wave’s crash on the beach from your very own Foodworks Store in Horsehoe Bay, literally 30 metres from the beach on beautiful Magnetic Island. A real lifestyle business where you can pick and choose to do all the work yourself or as little as possible. Currently run by a husband and wife team and 8 casual staff, this business will tick a lot of boxes for someone looking for a great business that’s priced right with a sea change or lifestyle change thrown in for free.
Business Story
Magnetic Island is a tropical paradise 8 kilometres offshore from the city of Townsville, North Queensland, Australia. It’s very accessible with a 20 minute ferry trip to this tropical island that boasts total relaxation with some of the world’s best coastline, beautiful bays, pristine beaches, and Koalas. The island is heavily supported by tourists from all over Australia and the world. In addition to this there are 2100 local residents who call Magnetic Island home.
What better place to own your own business right on the beach at Horseshoe Bay with a view from the front door that would want to make you pinch yourself to see if it were real, in fact it is so here is your opportunity?
Foodworks has developed a great brand with a store network consisting of 650 members Australia-wide with an annual turnover of $2 billion and more than 3 million customers a week. When you own a Foodworks store, all the profits from your business belongs to you and as a Foodworks member they provide you with the tools, support and services you require to ensure your success.
This business is known as Horseshoe Bay Store and has been in this location for approximately 15 years. It is in a highly visual beachfront location on the ground floor of a large multi-story apartment block. Although not obvious Horseshoe bay does have a large residential catchment as it is set back from the beach, more obvious is tourist the accommodation in and around Pacific Drive which is right on the beach all of which provides easy access to the business.
The store has a clean modern fit out, is well stocked and very well merchandised in keeping with a basic corporate layout giving the store good flow with lots of colour. The store also has its own ATM which is very handy providing additional customer service and retail sales.
A computerized Point of Sale System with two service points are located to the front of the store which is linked to a back office making it extremely easy to track sales, change prices and view or print any myriad of reports to track the stores performance.
The store also holds a food licence giving provision for all sorts of food handling including cooked food. All the plant and equipment included in the sale is maintained in the highest order and serviced regularly for compliance and efficiency.
The business has a long lease in place with approximately 3 years to go on the current lease followed by 2 x 5 years options taking you through to the end of February 2031.
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Denny has a long career in all forms of business including Corporate Management with International and National FMCG organizations, with vast experience in the fields of Operational Management, Sales and Marketing Management, Franchise Business Management to Small Business Owner / Operator of Motels, Courier and Supermarket businesses.
In 2007 Denny saw the need for a good communicator with a strong understanding of business operation to offer a Business Broking service second to none. Denny's combined experienced gained over many years in the Corporate world and small business ownership has taken Business Brokering to new heights with with the Business Sales Group that includes NQ Business Sales, CQ Business Sales FNQ Business Sales and SEQ Business Sales, a very automated business utilizing technology to gain reach with unprecedented response in offers, time and product in the most professional manner.
Denny's focus is to satisfy Sellers and Buyers during transactions to deliver only good outcomes. In addition to this grow the business base and maximize the use of latest technologies to deliver a quality product.
Phil started his working career in purchasing with large and multi-national companies in Sydney.
A family relocation to Bowen in 1974 was the catalyst to owning his own business.
Phil has been in various businesses from Pest Control to Delicatessen/Takeaway and has for the last 39 years built a wholesale business that has served Bowen, Whitsundays, Mackay and the Coalfields, from 1 truck and himself to 6 trucks and 15 employees.
This has given Phil a very solid knowledge of the area from Bowen to Rockhampton and what it takes to thrive in business there.
Phil has a strong knowledge of business and business practices built through the process of growing his own business as well as time spent on State Franchise Council and dealing with the many changing government policies in those 39 years.
The process of selling his own business has shown Phil the real need for a locally based business broker, easily contacted and heavily focused on the Central Queensland area, which has led to his involvement in CQ Business Brokers.