Summary
On Offer: established hospitality brand, the leasehold business, established, loyal customer base and social following, furniture, bar and kitchen equipment (some owned by the premises owner).
Location Details
6 Semaphore Road
A standalone, substantial Semaphore venue, positioned opposite the foreshore with ocean views, with dedicated parking and an eclectic identity.
Near Semaphore Road's established mix of restaurants, bars, shops and supermarkets.
Potential
Opportunity to take over a recognisable operating concept with the infrastructure already in place - and then choose whether to continue the existing Korked formula, expand trading hours, grow functions and food service, or further develop the venue's coastal position.
With the recent improvements within the Semaphore Rd area, such as the Semaphore Hotel, Federation Hotel, the Palais and the planned council improvements to the Semaphore foreshore ($25M), this presents an excellent opportunity for new owners to welcome the summer in Semaphore.
Skills
Korked is not simply a fitted-out bar. It is an established hospitality brand with a distinctive personality, a loyal community following and a substantial Semaphore venue positioned opposite the foreshore with ocean views.
The sale is intended as one complete package: the Korked name and brand, the leasehold business, established customer base and social following, together with the substantial fit-out, furniture, bar and kitchen equipment (note some owned by the premises owner) and the venue's eclectic identity.
Hours
Trading license Sun to Mon; 7:00am-1:00am, Fri-Sat 7:00am-2:00am
Capacity 186 patrons, 120 indoors and 66 outdoors
Lease
Renewal due 14 February 2028; 5 + 5yr terms available thereafter, through Ray White Semaphore
Employees
1 FT, up to 10 casual staff
Reason for Sale
The partners are offering Korked for sale reluctantly due to changing personal circumstances and would like to hand it over to a new owner that would maintain the affection for the venue and its community.
That creates an unusual handover opportunity: a purchaser is not being asked to invent a concept from an empty shell. Korked already has a name, a story, a following, a recognisable atmosphere, a substantial fit-out and a location that gives the venue a natural point of difference.
About the Business
Korked is not simply a fitted-out bar. It is an established hospitality brand with a distinctive personality, a loyal community following and a substantial Semaphore venue positioned opposite the foreshore with ocean views.
The sale is intended as one complete package: the Korked name and brand, the leasehold business, established customer base and social following, together with the substantial fit-out, furniture, bar and kitchen equipment (note some owned by the premises owner) and the venue's eclectic identity.
For a buyer, the opportunity is to take over a recognisable operating concept with significant infrastructure already in place - and then choose whether to continue the existing Korked formula, expand trading hours, grow functions and food service, or further develop the venue's coastal position.
With the recent improvements within the Semaphore Rd area, such as the Semaphore Hotel, Federation Hotel, the Palais and the planned council improvements to the Semaphore foreshore ($25M), this presents an excellent opportunity for new owners to welcome the summer in Semaphore.
The brand's strength is the feeling it creates. Customers can arrive alone and feel comfortable, sit quietly with a drink or a book, meet friends, enjoy games, watch live music, sing, dance and become part of the room. It is relaxed, inclusive, irreverent and recognisable.
The eclectic artwork, furnishings, objects and unexpected details throughout the venue are not generic decoration - together they form part of the Korked experience. Subject to the final sale agreement, the existing décor can remain, allowing a purchaser to retain that established character from day one.
Korked occupies a prominent position at the coastal end of Semaphore Road, with the beach across the street and uninterrupted outlooks toward the sea and foreshore. The balcony and glassed areas turn that location into part of the customer experience, particularly at sunset.
• Ocean and foreshore views from key customer areas.
• Semaphore Road's established mix of restaurants, bars, shops and supermarkets nearby.
• Surf Life Saving Club next door and a caravan park at the end of the esplanade.
• A front-row position for major local activity including the Semaphore Street Fair, kite and music festivals, school-holiday foreshore attractions and New Year's Eve fireworks.
• Covered outdoor areas provide flexibility across seasons.
Sale package:Leasehold business + Korked name/brand + following (inc socials) + fit-out/equipment/furniture (leased equipment will be identified)
History
The Korked Brand
Established in 2016, Korked has always been deliberately different. The original Port Adelaide venue was small, quirky and eclectic, built around live music, cocktails, conversation, dancing and a strong sense of community. When Korked later reopened in Semaphore, that personality came with it - on a much larger scale.
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