Licensed Restaurant / Lounge Bar and Hospitality Venue – Semaphore, SA

About the Business

Business ID: XB168348

PRIME BEACHSIDE LOCATION – ESTABLISHED BRAND – UNTAPPED POTENTIAL

This well-established Licensed Lounge Bar and Hospitality Venue offers a prime position in the high-demand coastal suburb of Semaphore.

Delivering stunning ocean and sunset views – and a diverse customer base – Korked represents a standout opportunity for an experienced hospitality operator or investor.

Licensed for 186 patrons, inside and out, the venue has real potential to extend its daytime trade, utilise more space for functions and events, and expand its live music program and destination appeal.

BUSINESS HIGHLIGHTS

- Prominent location at the coastal end of Semaphore Road, opposite the beach and foreshore

- Established and recognisable Korked brand – Licensed for 186 patrons (120 indoors and 66 outdoors)

- Ocean and sunset views from key customer areas – Substantial covered outdoor areas

- Multiple indoor rooms, including a fully functional bar, large commercial kitchen, lounge, dining room, glass-windowed sunroom, dedicated live music room

- Approx. 8,500 Facebook followers – Established live music program

- Licensed to trade 7 days a week from 7am to 2am, including public holidays

- Opportunities to expand trading hours, food service, functions and events

- Significant furniture, fit-out, equipment and operating infrastructure

- Clientele includes local residents, live music patrons, social groups, tourists, function guests

- Established staff team in place and willing to remain with the new owner

Established in 2016, the original venue operated in Port Adelaide, before the brand was re-established at its current location, where it benefits from nearby shops, supermarkets, Surf Life Saving Club and a caravan park.

It is also well positioned for major local events, including the Semaphore Street Fair, kite and music festivals, school-holiday attractions and New Year’s Eve fireworks.

Recent and planned investment in the surrounding Semaphore area is expected to further support visitation.

This exceptional package would particularly suit a buyer who recognises the value of the established Korked identity and wants to grow the venue whilst retaining its distinctive character and loyal following.

Price: $500,000