Summary
A rare opportunity to acquire a fully fitted, licensed hospitality venue in a growing seaside precinct in Adelaide’s south.
Revenue
$12,500 pw
Rent
$800 pw
Expenses
$10,000 pw
Net Profit
$2,000 pw
Location Details
Adelaide Metropolitan South Coast
Potential
Currently trading only 3 nights per week, the business has significant scope for growth through additional evening trade, lunch or café service, private functions, events and broader venue activation. With capacity for 90 patrons and a 7-day liquor licence from 7am–2am, an incoming operator has considerable flexibility to increase utilisation, expand service periods or introduce a new hospitality concept.
Skills
Hospitality experience would be beneficial, but the venue is already fully fitted and operational. The opportunity would suit an owner-operator, chef, restaurant or bar operator, or an experienced business owner looking to enter hospitality with an established venue. Existing systems and infrastructure provide a strong foundation for either continuing the current style of operation or introducing a new concept.
Hours
Currently trades 3 evenings per week. Licensed Mon–Sun, 7am–2am, with significant scope to expand trading hours.
Lease
Lease: Lease to Aug 2028, with a further 5-year renewal. Rent $3,650/month ($43,800 p.a.).
Employees
An established hospitality team is currently in place. Staffing structure and employment details will be provided to genuine prospective purchasers during the confidential due diligence process.
Reason for Sale
Owner is focusing on other business interests and is looking to transition the venue to a new operator.
About the Business
Established licensed restaurant and bar in Adelaide’s southern coastal region, offered as a genuine turnkey opportunity. The venue features a substantial custom fit-out, fully equipped commercial kitchen, established bar and dining areas, capacity for 90 patrons and significant hospitality infrastructure already in place. The business is currently trading and would suit an incoming operator looking to continue the existing operation or introduce a new restaurant, wine bar, café or hospitality concept. Sale is strictly confidential.
History
Established hospitality business with a strong local presence and an existing customer base. The venue has been developed over time with a substantial custom fit-out, commercial kitchen, bar and supporting infrastructure. It is currently operating successfully on limited trading days and is being offered to allow a new owner to build on the existing foundation or introduce their own concept.
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