Home Business For Sale Dual Waterfront Dining & Bar Venues – Unmatched Investment Opportunity

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Reference Number: bus6163

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Dual Waterfront Dining & Bar Venues – Unmatched Investment Opportunity

Listing Price: Contact Broker

South Australia

Adelaide - Greater

Business Overview

Prime Waterfront Location – South Australia

Presenting two exceptional waterfront venues situated in a premier waterfront destination, offering unparalleled dining experiences with breathtaking marina views. Available for acquisition individually or as a combined package, these establishments represent a unique investment opportunity in one of South Australia’s most sought-after locales.

Adelaide: A Thriving Market for Restaurateurs

Adelaide’s hospitality sector is experiencing significant growth, with a 6% increase in visitor expenditure in the city from 2023 to 2024. These developments position Adelaide as a prime destination for restaurateurs from Melbourne and Sydney looking to expand into a dynamic and expanding market.

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Business Snapshot:

Earning Type: EBITDA

Summary

Venue 1: Seafood Restaurant – Established 1990s

Cuisine: Fresh, locally sourced seafood including live lobster, barramundi, salt and pepper squid, and New Zealand mussels.
Ambiance: Casual dining with a 270-degree view of the marina.

Highlights:
Award-winning seafood platters.
Popular for functions and events.
Strong local and tourist clientele.

Venue 2: Gin & Tapas Bar – Established 2021

Concept: Over 110 gins and globally inspired tapas.

Ambiance: Stylish interior with live acoustic music and beach vibes.

Highlights:
Weekly themed events (e.g., Paella Night, Oyster Tuesdays).
Panoramic marina views.
Popular among locals and tourists alike.

Financial Overview (FY Ending 30 June 2023)

Seafood Restaurant

Total Sales Revenue: $2,715,199.
Net Profit Before Tax: $318,966.
Normalised EBITDA: $374,682.
Gross Profit Margin: 66.34%.
Rent as % of Sales: 16.14%.

Gin & Tapas Bar

Sales Revenue: $1,417,332.
Cost of Goods Sold: $415,714.
Gross Profit: $1,001,618.
Gross Margin: Approximately 70.6%.
Net Profit Before Tax: $267,826.
Adjusted EBITDA: $302,331.
Net Profit Margin: 18.9%.

Investment Highlights

Prime Waterfront Locations: Both venues are situated in a bustling waterfront area, attracting high foot traffic year-round.
Established Brands: Both venues have built strong reputations in the local dining scene, attracting both locals and tourists.
Turnkey Operations: Fully equipped with experienced staff in place, ensuring a seamless transition for new ownership.
Flexible Acquisition: Available for purchase individually or as a combined package, providing flexibility to investors.

FOR SALE: Contact Broker

Contact the exclusive broker:
Manish Tripathi
Benchmark Business Sales & Valuations
M: 0432 407 568

If you’d like to know more about this business, go to our website www.benchmarkbusiness.com.au and use the reference: bus6163 to search for the business.

Please ensure you have the necessary capital before expressing an interest in this business.

The image shown is for illustration purposes only and may not be an exact representation of the business.
Benchmark Business Sales and Valuations