Exclusive

ICONIC FNQ ROADHOUSE FOR SALE WITH HEALTHY NET PROFIT OF $225K SHOWING +25% ROI

This is your great opportunity to purchase the freehold going concern of the historic and iconic Palmer River Roadhouse. The business has returned to pre-Covid trading levels and is well placed to take advantage of the expected surge in growth of the regional domestic tourism market. Featuring a strong diversified income mix from accommodation, fuel and food & beverage, the business has established a consistent trading pattern for many years. The owners have invested significantly in a capital sense to the property over the past 5 years, providing the new owner with the opportunity to move in and not having to spend any funds on improvements. This is a terrific opportunity to enter the freehold market in the growing far north Queensland market.

  • Healthy net profit of $225k showing a +25% return
  • New amenities block built-in 2016/2017
  • New ULP (5,800 lt) & Diesel (12,000 lt) fuel tanks installed 2018
  • New 58kva generator added 2020
  • Strong diversified income consisting of accommodation, fuel and food & beverage
  • Great highway location adjacent to the historic Palmer River
  • 30 seat restaurant + massive, attractive outdoor dining area & beer garden
  • Contains artifacts and museum focusing on the "gold rush" era
  • Property inspections are by appointment only
Shane Croghan

Interested? Why not give Shane Croghan a call on 0418 451 006 or