A rare opportunity to acquire a profitable, 13-year hospitality business in Adelaide CBD, featuring a substantial ~264 sqm dual-tenancy footprint, a fully equipped commercial kitchen and secure leasehold tenure.
Operating from the same high-exposure West End location since 2012, the business serves weekday breakfast and lunch trade from surrounding offices, apartments and the adjacent Adelaide University City West campus, which has a projected student population of ~70,000.
The precinct is undergoing renewal, with the City of Adelaide's $15M streetscape upgrade underway, tightening CBD office vacancy and mid-week attendance recovering to ~94% of pre-pandemic levels.
Key Highlights
Strong Financial Performance - FY2025 revenue of $728K, gross margin of approximately 73%, and normalised PEBITDA of $155,558.
Established Catering Revenue - Approximately $109K in annual catering revenue, providing an additional income stream.
Fully Equipped Commercial Kitchen - Includes a walk-in cool room, plant and equipment, and established fit-out.
Prime Adelaide CBD Location - Approximately 264 sqm across two tenancies, with indoor and outdoor seating for 60-80 patrons.
Secure Lease - Lease in place until 2028, with a further five-year option. Rent represents approximately 18% of revenue.
Growth Opportunities - Potential to expand into evening trade, weekends, and delivery services.
Attractive Reduced Asking Price - Now $190,000 WIWO, reduced from $260,000-a saving of $70,000.
Asking Price: $190,000 WIWO
The sale includes goodwill, plant and equipment, fit-out and intellectual property. Stock is additional at valuation. The fit-out replacement cost alone is independently estimated at $475K-$660K.
The vendors will provide a 2-3 week handover. The sale is subject to landlord consent to lease assignment on current terms and a $20,000 bank guarantee on assignment.
Enquiries
Shweta Sharma
Accelerate Business & Franchise Sales (RLA ------)
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All enquiries are handled in strict confidence. A full Information Memorandum is available to qualified buyers upon completion of a confidentiality agreement.
