Restaurant Elsie - Magnetic Island, Townsville
FOR SALE: Restaurant Elsie - Magnetic Island
Casual Neighbourhood Dining | Modern Australian Menu | Fully Licensed
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.
Restaurant Elsie is built on the philosophy of honest cooking, feel-good food, and great hospitality. The seasonal modern Australian menu is crafted around quality, locally sourced produce from North Queensland, and designed for sharing. Guests enjoy an ever-changing blackboard of daily specials, paired with a thoughtful drinks list featuring mostly Australian wines, craft beers, and a curated cocktail selection.
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.
More than just a restaurant, Restaurant Elsie has become a community hub and event space. In addition to regular dinner service, the business offers:
- Snack & Sip sessions every afternoon
- Saturday morning Bake Sales – a popular local tradition featuring fresh, house-made baked goods
- Private catering – both in-house and off-site
- Special events – including pop-ups, collaborations, Sip & Paint nights, and more
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: 4.00pm – 8.30pm. Both owners work full-time in the business and employ:
- 1 x full-time chef
- 1 x front-of-house manager (35 hours/week)
- 2 x casual FOH staff
- 1 x junior kitchen hand
Key Highlights
- 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.
Whether you're a seasoned operator or an ambitious newcomer, Restaurant Elsie offers the perfect mix of lifestyle and profitability in a dream location.
Business Price
Restaurant Elsie is being sold for $220,000 wiwo (neg).
Confidentiality Agreement
To receive a Sale Proposal, please complete our online Confidentiality Agreement form at www.beyond2000.com.au/confidentiality-agreement.
Business Broker
Susan Butler –
www.beyond2000.com.au
For more details, please email broker or call agents.
