Cairns City, Queensland
Exceptional Business Opportunity
$2,350,000
Business Description
Exceptional commercial complex trading as Cairns Night Markets. Situated in the heart of Cairns with two major street frontages.
Interesting and diverse entertainment for all and a must do for visitors to Cairns.
Extremely high foot traffic 2.7 million per year.
Perfect Esplanade location with a variety of 131 shops including 21 food outlets with seating for 200.
The complex is essentially structured as Management Rights but with fewer restrictions.
Involves admin duties only.
Excellent security of tenure with a Perpetual Term on the Body Corporate Agreements.
Remarkably stable business with low shop vacancy rates and lease terms of 12 months minimum.
Income is from Management and Marketing fees paid by Owner Occupiers and Tenants alike.
Very stable commercial business showing excellent and consistent growth.
Good salary of $120,910 excluding GST.
Office on title plus two exclusive use carparks and on site storage .
Can be operated by one person with ease.
No check-ins, no gardening, no set office hours.
The Cleaning & Security roles currently undertaken by the Body Corporate, can be taken back as the Managers responsibility with the benefit of an additonal approx. $100k to the net profit if required.
For detailed information on this property please contact Calvin Bailey.
Business Summary
Key Investment Insights
1. Located in the heart of Cairns with two major street frontages, providing high visibility and accessibility.
2. Extremely high foot traffic of 2.7 million visitors per year, indicating strong customer flow and tourism exposure.
3. Prime Esplanade location with 131 shops including 21 food outlets and seating for 200, offering diverse income streams and customer draw.
4. Business structured similarly to Management Rights with fewer restrictions, implying an established management framework and transferable operational model.
5. Income derived from Management and Marketing fees paid by owner occupiers and tenants, providing stable recurring revenue.
6. Perpetual Term on Body Corporate Agreements, delivering excellent security of tenure and long-term operational stability.
7. Remarkably stable commercial performance with low shop vacancy rates and minimum 12 month lease terms, supporting predictable cashflow.
8. Current net salary of $120,910 excluding GST, signalling attractive owner-operator remuneration.
9. Can be operated by one person with ease, minimal daily involvement required, and primarily administrative duties.
10. Office on title plus two exclusive use carparks and on-site storage, providing secure operational facilities and added asset value.
11. Cleaning and security currently managed by Body Corporate but can be taken over by managers to potentially add approximately $100,000 to net profit, offering a clear upside opportunity.
