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ABS L1. *HUGE PRICE DROP* Profitable and Popular waterfront restaurant for sale. Port Adelaide !

$68,000 + SAV

  • ID Ref 5874
  • Suburb Adelaide
  • State SA
  • Status For Sale
  • ABS L1. *HUGE PRICE DROP* Profitable and Popular waterfront restaurant for sale. Port Adelaide !

Business Description

This is a rare opportunity to acquire a local favourite restaurant , overlooking the ocean, on a very busy road. Currently serving easy modern Australian cuisine the new owners would benefit from carrying on the established menu or could change this into another cuisine easily. 




Features 


- Fully licensed, with a commercial kitchen and equipment in great condition 
- An absolute local favourite for events, weddings, functions. The restaurant enjoys great reputation and thrives on repeat clientele 
- The restaurant is popular for weddings, functions and events
- Huge Social media following - over 5000 followers
- The current owner operator is the head chef. The business will suit anyone who is looking to replace the chef or two owners who may want to work with customers at the front. The business is a fantastic option for a family to own and operate
- The current owner is happy to provide extensive training and/or is happy to stay back for a mutually agreeable time/terms for a longer period 
- Long lease available 




Potential 


-  Currently operating for only 5 days for lunch and dinner only  
-  Currently doing no third party or in-house deliveries
-  Currently not serving breakfast. Could introduce weekend and public holiday breakfast 
-  The restaurant is closed during most public holidays, missing out on major foot traffic potential 
-  No local area marketing done by the owners in the past, the restaurant has been operating on word-of-mouth 


Current Staffing :

Weekend :

Saturday - 2 at lunch, 4-6 at night

Sunday - 2 at night

Weekday

1 at lunch

2 at night

Weddings and functions :

1 per 25 people and 1 bar staff

Current kitchen staff -

1 kitchen hand ( 1-3 shifts a week - subject to bookings)
2 full-time chefs

Front of house 7 casual( up to 9-10 in summer doing 2 shifts a week)


Price includes all equipment, fixtures and fittings.
Please note will do require interested parties to sign an NDA before further information can be shared.


We recommend you call our Small Business Sales Specialist on 0432 591 529 or email on shweta@acceleratebsales.com.au. Alternatively please leave an enquiry in the spaces provided and we will be in touch with you shortly. 





Business Features / Snapshot

Your Business Brokers

Shweta Tripathi
Shweta Tripathi
Shweta Tripathi

Business Location

Adelaide, South Australia 5000