08 8361 3074

Italian restaurant - Adelaide's 'hidden gem'

Sold

Business Description

Frequently described as a ‘hidden gem’ this specialty Italian restaurant has been serving up delicious dishes to its loyal following of patrons for many years.

Situated in a prime location in Adelaide's CBD amidst bustling offices and shops it attracts a thriving lunch trade during the week.

The fully licensed restaurant also offers private dining for functions and events, seating up to 90 people, or up to 110 people for stand up cocktail events, providing an opportunity to grow the business and cater to larger groups for weddings, corporate events, and other special occasions.

As the outdoor area is not currently being utilised, and with the limited trading days there is potential to expand the business.

As a must-visit destination for anyone looking to experience authentic Italian cuisine this is a rare opportunity to own a successful well-established restaurant in one of the most popular dining precincts in Adelaide.

At a Glance

  • Licensed Italian restaurant
  • Situated in a prime CBD location
  • Loyal following
  • Potential to expand business
  • Annual turnover of over $1.5M

Tony Iasiello 0412 217 608


Extended Price Information

Goodwill including Plant & Equipment $435,000
Stock at valuation (approx) $30,000
$465,000

Staff Summary

19 staff employed by the business, made up of 5 full time, 1 part time, and 13 casual staff.