THE OPPORTUNITYIf you've lived in Innisfail long enough, you already know this place.Wai Young Chinese Restaurant has been operating in the same location for over 40 years. Same family, same setup, and a reputation that's held the entire time.Now they're ready to move on.Not because it failed. Because life moves on.And instead of shutting the doors, they're giving someone the opportunity to take it over.WHAT YOU'RE ACTUALLY BUYINGThis is not being sold as a polished, high-margin business with perfect books.This is a fully fitted, operating restaurant with history, recognition, and everything already in place.You're stepping into:- A known name in the community- A full commercial kitchen set up for Asian cooking- Existing customer base- Liquor licence- Established location with highway exposureThe structure is there. What you do with it is up to you.THE SETUP- 303m restaurant space- Fully equipped commercial kitchen- Dining area and service layout already in place- On-site parking- Liquor licence in place- High exposure positionTHE LEASE- Rent: approx $2,900/month + GST - Term: 3 years + 3 year option (commenced March 2025) - Approved use: restaurant / takeaway HOW TO APPROACH THISYou can keep it exactly as it is, or you can change it completely. Rebrand it, update the menu, add coffee, modernise the space, or take it in a completely different direction. The hard part is already done with the premises, equipment, location, and recognition all in place. This suits someone who wants to run their own place and walk into something that already exists. It's a low entry point for someone motivated to take over and start operating immediately.
The size of Innisfail is approximately 2.1 square kilometres. It has 13 parks covering nearly 21.8% of total area. The population of Innisfail in 2016 was 1145 people. By 2021 the population was 1091 showing a population decline of 4.7% in the area during that time. The predominant age group in Innisfail is 20-29 years. Households in Innisfail are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Innisfail work in a labourer occupation.In 2021, 30.90% of the homes in Innisfail were owner-occupied compared with 32.00% in 2016.
Innisfail has 867 properties. Over the last 5 years, Houses in Innisfail have seen a 122.20% increase in median value, while Units have seen a 116.50% increase. As at 30 April 2026:
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