Summary
Renowned with a stellar reputation. Seats 250 with strong financials and situated in a prime location. Steady growth potential for new ownership. Consistent profits with unmatched festival trade.
Revenue
$1,300,000 pa
Location Details
Adelaide's dining/entertainment hub. Prominent street with heavy foot traffic from nearby attractions, festivals, city offices. Unbeatable position amidst buzzing nightlife. Close to public transport and parking. Thriving area primed for success.
Potential
Highly lucrative business with consistent revenue growth year after year
Unmatched trade during Adelaide events
with a captured market.
Spacious upstairs function area opening up event & catering opportunities.
Primed for expansion with an established household name.
Skills
Experience in hospitality/restaurant management preferred but not essential. The tenured staff and efficient operations allow for a straightforward transition.
Hours
7 days a week
Lunch: 12pm - 3pm
Dinner: 5pm - 10pm
Lease
Long-term lease in place with options to renew.
Employees
Efficient staffing with a full-time manager and casual kitchen/front of house staff.
Potential for streamlining under new management.
Reason for Sale
The current owners are pursuing other business interests after years of successful operation. They are motivated to transition this profitable, turn-key restaurant and are prepared to stay on temporarily to ensure a smooth ownership transition, showing their faith in the offering.
About the Business
Established in 1995, this iconic restaurant has cultivated an impressive 28-year legacy and stellar reputation in Adelaide. The current owners acquired it in 2017 and have invested heavily in upgrades like renovated bathrooms, new furniture/fixtures, and a refurbished upstairs function area.
Under their leadership, the business has maintained its household name status while achieving consistent revenue growth. This is attributed to capitalising on opportunities like increasing take-away sales and event bookings for the spacious upstairs area. Efficient staffing, operational improvements, and strategic marketing around major events have maximised profitability.
With a prime location amidst Adelaide's dining and entertainment hub, the restaurant is perfectly positioned for continued success. It is fully equipped with all equipment, POS systems, and FF&E conveying to a new owner. The long-term lease, strong financials, and recently refreshed facilities make this a turnkey opportunity to take over a renowned, cash flow-positive operation primed for future growth.
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