Restaurant Elsie, Magnetic Island, Townsville

Description

FOR SALE: FULLY MANAGED BUSINESS ON MAGNETIC ISLANDWelcome to Restaurant Elsie, a vibrant and well-established dining destination located in Sea Salt Arcade at 9 The Esplanade, Picnic Bay, Magnetic Island. Positioned close to the ocean, this fully licensed restaurant operates in a relaxed coastal setting combining food, drinks, and hospitality.Established in 2024 by two chefs, Restaurant Elsie has quickly become a recognised venue for both locals and tourists. The business holds a 4.9-star Google rating and has built a social media following of over 2,500 users, reflecting strong customer engagement and repeat visitation.Restaurant Elsie is based on a seasonal modern Australian menu focused on locally sourced North Queensland produce, designed for sharing and complemented by a drinks list featuring Australian wines, craft beers, and cocktails. A daily changing blackboard specials menu is also part of the offering.The venue operates as both a restaurant and community space, with additional offerings including:• Snack & Sip afternoon sessions• Saturday morning Bake Sales featuring house-made baked goods• Private catering services, both on-site and off-site• Special events including pop-ups, collaborations, and Sip & Paint nightsTrading hours are Thursday to Monday, 4:00pm to 8:30pm, providing structured operations with scope for expansion.The business is fully managed and operates without direct day-to-day involvement from the owners, who have relocated interstate. A trained team is already in place, including two full-time chefs, a front-of-house manager, and casual staff, allowing continued operation under management or a transition to hands-on ownership.Key Highlights• Fully managed operation with no owner requirement on-site• Prime coastal location in Picnic Bay, Magnetic Island• Fully licensed venue with modern fit-out and casual dining appeal• Seasonal modern Australian menu using local produce• Established brand identity with strong social media presence• Well-equipped kitchen and functional hospitality setup• Experienced team in place including FOH manager and full-time chef• Opportunity to expand trading hours, catering, and events• Venue suitable for private functions, weddings, and off-site catering• Established high-demand weekly events including Snack & Sip sessions and Bake SalesThis opportunity is suitable for chefs, hospitality operators, or lifestyle buyers seeking a coastal business in a popular tourism destination. Growth potential exists through extended trading hours, expanded catering services, and increased event activity.Business PriceRestaurant Elsie is offered for sale at $99,000 plus stock estimated between $5,000 and $10,000 (negotiable).