The Blue Diamond Restaurant is well established and is situated at Shop 3, 5 Bright Avenue, Arcadia, Magnetic Island.

The business was acquired by the vendor in June 2011 and is selling because of health problems.

Magnetic Island is 7 kilometres off the coast of Townsville (20 minutes on the ferry) and has over 2,500 residents.

More information can be found at www.magnetic-island.com.au

The restaurant is ideally located in a highly visible position in the popular Arcadia Bay. It has high walk by traffic from locals, semi-permanent residents, tourists and backpackers. The shopping centre in which the cafe is situated is very busy and includes a general store, fuel outlet, groceries, car and others.

The restaurant seats 50 persons and is BYO. It also has excellent takeaways.

With the closure of a nearby seafood restaurant/takeaway (Bannisters), the Blue Diamond has benefitted with increased sales.

The opening hours are 8am 6pm Tuesday to Sunday. The business is closed on Monday. The hours are increased with demand.

The vendor works full time in the business and employs casual staff to assist.

The business is being sold for $95,000 walk in walk out.

A full sale proposal is available on request.