Sold business 3464618
Business NO.:
3464618
Status:
Active
Price:
$65,000
Plus SAV:
Yes
Updated on:
26/05/2026
Business Features:
Small Business
Is independently run, locally based, and offers the flexibility to do business the way you want.

Quest North Ward – Restaurant & Bar Built for High Performance

Food/Hospitality | Business for Sale | Townsville

A premium hospitality opportunity like this doesn't come along often. You're not just leasing a venue you're stepping into the heart of North Ward's most affluent and high demand precinct, anchored by the consistently performing Quest North Ward. With 271m² of prime restaurant and bar space, a full commercial kitchen fitted with brand new equipment, and a 150 seat dining capacity supported by a large alfresco balcony, this tenancy is purpose built for an operator ready to capitalise on guaranteed foot traffic, built in demand, and multiple revenue channels.

This expansive 271m² tenancy has been designed for seamless service, high volume trade, and an elevated dining experience. The venue includes A fully equipped commercial kitchen with new appliances, ideal for high output service and catering, a dedicated bar area ready to activate day and night trade, seating for 150 patrons, offering scale and flexibility and a stunning alfresco balcony, perfect for long lunches, sunset drinks, and premium evening dining

The layout supports everything from casual breakfasts to sophisticated dinner service, private functions, and corporate events.

  • 3 Months Free Rent
  • 55 Rooms & Function Room.
  • Provide all room service meals.
  • Exclusive charge back facility to Quest in North Ward.
  • 150 Seat Restaurant.
  • Indoor Dining and Large Alfresco.
  • Catering supply to functions booked by Quest.
  • Marketing of function rooms for additional use.
  • Supply Mini Bar requirements (Negotiation with Quest)

Quest North Ward is the anchor tenant in the building, providing a built in customer base that most hospitality operators can only dream of. With 55 rooms operating at an impressive 85% occupancy, you have a constant flow of guests seeking meals, drinks, convenience, and local experiences.

This creates immediate and ongoing revenue opportunities:

  • Room service meals charged back to Quest
  • Mini bar supply agreements (currently not in place — a clear upside)
  • Catering for in house functions and corporate bookings
  • Preferred supplier status for guest events, meetings, and group stays

Quest's clientele includes corporate travellers, long stay guests, tourists, and families — all seeking quality dining options within steps of their accommodation.

Positioned in one of Townsville's most affluent and tightly held suburbs, this tenancy benefits from:

  • High spending residents
  • Strong tourist visitation
  • Proximity to The Strand, Jezzine Barracks, and lifestyle amenities
  • Excellent visibility and accessibility

North Ward is known for its premium demographic, vibrant dining culture, and consistent year round activity. This location places your brand at the centre of it. The offer of multiple revenue streams beyond traditional dining, it's a diversified hospitality business platform. In addition to dine in trade, operators can unlock:

  • Function catering for Quest's meeting rooms and events
  • Marketing and activation of function spaces for private hire
  • Corporate catering for local businesses
  • Exclusive guest packages with Quest
  • Mini bar supply agreements
  • Breakfast, lunch, and dinner service for hotel guests and locals

Each of these channels strengthens profitability and reduces reliance on a single revenue source.

This is a rare opportunity for an ambitious operator. With brand new kitchen equipment, a high capacity dining footprint, guaranteed guest demand, and a premium North Ward address, this tenancy is perfectly positioned for a motivated operator to establish a flagship venue.

If you're ready to secure a high performing hospitality location with built in customers and multiple income streams, this is the opportunity that sets you apart.

For more details, please email broker or call agents.


4 Meadowbrook Drive, Aitkenvale, QLD 4814