A turnkey drive-thru in Noosaville: EOI closes Friday
Red Rooster walked away from 2 Mary Street. The kitchen, the grease trap, the drive-thru lane: it's all still in the walls.
The opportunity
Building a drive-thru from scratch on the Sunshine Coast means land, a DA, traffic engineering and a commercial kitchen fit-out, realistically $500K+ and 12–18 months before you serve a single customer. This site skips nearly all of it.
2 Mary Street, Noosaville is a 1,010 sqm corner site with a 224 sqm ground floor including an 84 sqm drive-thru, a 222 sqm first floor and 17 car spaces. The fit-out survives the closure: fully equipped commercial kitchen, grease trap, three-phase power, exhaust flue. It's offered for sale or lease, which is the detail that matters: a lease puts a fitted QSR site within reach of an operator, not just an investor.
of existing drive-thru lane. The single most expensive thing to build from nothing, already built.
The signal
Sunshine Coast News, 2 July: the long-serving Red Rooster at 2 Mary Street closed and the site went to market: vacant, for sale and lease, Expressions of Interest closing 5pm Friday 31 July. Agent: Tracey Ryan, RWC Noosa & Sunshine Coast.
The play
- Call Tracey Ryan at RWC Noosa & Sunshine Coast today and get the IM. With EOI closing Friday, this week is the whole game.
- Inspect Tuesday or Wednesday; bring a commercial kitchen tech to audit what's actually reusable.
- Lodge a lease EOI even if you'd consider buying: it flushes out the vendor's real preference and keeps you in the conversation.
- Pull the site's zoning and existing-use rights through Noosa Council (it's Noosa Shire, not Sunshine Coast Council). Continuing food use should avoid a fresh material-change-of-use, but confirm before you sign.
- If QSR isn't your model: drive-thru coffee is the highest-margin use of an 84 sqm lane. Benchmark against Zarraffa's and Muzz Buzz formats before you write your number.
The catch
Four days is not enough time for full due diligence. You'll be lodging an EOI on incomplete information, and the price guide isn't published. Structure your offer with a DD period and a finance clause, and be honest with yourself: if the vendor's expectations are set by Noosa land values rather than QSR economics, the numbers may never work. Walk if they don't.
Startup costs
Assumes leasing (not buying) and re-opening as drive-thru coffee/QSR. All figures are estimates. Verify against the IM.
| Item | Ball-park cost | Notes |
|---|---|---|
| Bond + advance rent (3 months) | $30K–$45K | assumes ~$400–$550/sqm net on ground floor; confirm asking rent with the agent |
| Equipment top-up | $25K–$40K | espresso setup, menu boards, POS; kitchen bones already in place |
| Signage + rebrand | $10K–$20K | corner site, two street frontages |
| Council / certifier | $5K–$15K | Noosa Council; may be $0 if existing-use rights carry |
| Food licence + insurances | $4K–$6K | |
| Working capital + opening stock | $25K–$35K | 8 weeks runway |
| Total to launch | $100K–$160K | vs $500K+ greenfield drive-thru build |
Revenue model
Drive-thru coffee economics turn on cars per day and average ticket. Established Coast drive-thru coffee sites clear 250–400 cars/day; a recovering site starts lower.
| Scenario | Revenue / month | Notes |
|---|---|---|
| Starter | ~$40K | 150 cars/day × $9 avg ticket × 30 days |
| Growth | ~$79K | 250 cars/day × $10.50 avg ticket |
| Scale | ~$126K | 400 cars/day × $10.50, needs the first floor earning too |
At Growth-scenario revenue with food-business norms (COGS ~30%, labour ~30%, rent as above), the site supports an owner-operator wage plus debt service. Starter is survival, not success. Model your break-even before the EOI, not after.
Week by week
- Week 1 (now): Call the agent Monday. Inspect midweek. Kitchen audit. Lodge EOI with DD + finance clauses by 5pm Friday.
- Week 2: If shortlisted, full DD: traffic counts on Mary St, Noosa Plan zoning confirmation, equipment condition report, three quotes on the fit-out gap.
- Week 3: Negotiate heads of agreement. Target a 5×5 lease with fit-out contribution or a rent-free period; vacant sites give tenants leverage.
- Week 4: Licence applications, staff recruitment opens, brand and menu locked.
Contacts
- Tracey Ryan, RWC Noosa & Sunshine Coast (EOI agent for 2 Mary Street)
- Noosa Shire Council development enquiries, (07) 5329 6500, zoning and existing-use confirmation
What history says
Barcelona, 1986–1989: the businesses that took Poblenou waterfront sites while the area was still industrial secured the best locations at the lowest cost of the entire Olympic cycle. Property rose 131% before the Games. A vacated site in a tight catchment, priced during someone else's retreat, is exactly what that window looked like.