About the Business

Prime Waterfront Location – South Australia

Presenting two exceptional waterfront venues situated in a premier waterfront destination, offering unparalleled dining experiences with breathtaking marina views. Available for acquisition individually or as a combined package, these establishments represent a unique investment opportunity in one of South Australia's most sought-after locales.

Adelaide: A Thriving Market for Restaurateurs

Adelaide's hospitality sector is experiencing significant growth, with a 6% increase in visitor expenditure in the city from 2023 to 2024. These developments position Adelaide as a prime destination for restaurateurs from Melbourne and Sydney looking to expand into a dynamic and expanding market.

Venue 1: Seafood Restaurant – Established 1990s

Cuisine: Fresh, locally sourced seafood including live lobster, barramundi, salt and pepper squid, and New Zealand mussels.
Ambiance: Casual dining with a 270-degree view of the marina.

Highlights:
Award-winning seafood platters.
Popular for functions and events.
Strong local and tourist clientele.

Venue 2: Gin & Tapas Bar – Established 2021

Concept: Over 110 gins and globally inspired tapas.

Ambiance: Stylish interior with live acoustic music and beach vibes.

Highlights:
Weekly themed events (e.g., Paella Night, Oyster Tuesdays).
Panoramic marina views.
Popular among locals and tourists alike.

Financial Overview (FY Ending 30 June 2023)

Seafood Restaurant

Total Sales Revenue: $2,715,199.
Net Profit Before Tax: $318,966.
Normalised EBITDA: $374,682.
Gross Profit Margin: 66.34%.
Rent as % of Sales: 16.14%.

Gin & Tapas Bar

Sales Revenue: $1,417,332.
Cost of Goods Sold: $415,714.
Gross Profit: $1,001,618.
Gross Margin: Approximately 70.6%.
Net Profit Before Tax: $267,826.
Adjusted EBITDA: $302,331.
Net Profit Margin: 18.9%.

Investment Highlights

Prime Waterfront Locations: Both venues are situated in a bustling waterfront area, attracting high foot traffic year-round.
Established Brands: Both venues have built strong reputations in the local dining scene, attracting both locals and tourists.
Turnkey Operations: Fully equipped with experienced staff in place, ensuring a seamless transition for new ownership.
Flexible Acquisition: Available for purchase individually or as a combined package, providing flexibility to investors.


FOR SALE: Contact Broker

Contact the exclusive broker:
Manish Tripathi
Benchmark Business Sales & Valuations
M: 0432 407 568


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