The Phone Code for this property is: 55001. Please quote this number when phoning or texting.
Step into Adelaide's vibrant food scene with this fully fitted, high-potential Asian fusion restaurantstrategically located in the heart of St Clair.
Spicy Wok Restaurant & Lounge brings together the bold flavours of Thai, Malaysian, and Korean cuisine, catering to dine-in guests, takeaway patrons, and online delivery customers. This business is just 1.5 years old and already generating solid turnoverready for a savvy owner-operator or investor to take it to the next level.
Business Highlights:
Prime Suburban Location Situated on busy Cheltenham Parade in a modern retail hub with strong foot traffic and parking.
Established Revenue Approx. $300,000 per annum, with delivery channels and regular clientele in place.
Flexible Lease Current lease through October 2025, with renewal options available. Annual net rent approx. $52,000 + outgoings.
Assets Included Fit-out and equipment valued at approx. $15,000, plus $3,000 in stockall included in the asking price.
Staffed & Operating Team of trained employees (1 full-time, 3 part-time, 2 casual). Smooth handover available.
No Debts or Lock-ins Clean business with no outstanding liabilities and no exclusive contractsperfect for a seamless transition.
Asking Price: $60,000 Open to reasonable negotiation.
Why This Business Stands Out:
Versatile Dining Model Offers dine-in, takeaway, and online ordering (via Uber Eats, DoorDash, etc.).
Popular Menu Multi-cuisine offerings appeal to a wide demographicperfect for families, students, and professionals.
Growth Ready Add catering, expand trading hours, build stronger digital marketing, or introduce private events to boost revenue.
Lifestyle Business Ideal for a couple, family team, or experienced hospitality operator looking to take on a manageable, growing venue.
Interested?
This is a turnkey opportunity with real potential, available at a highly attractive entry price. Whether you're a first-time buyer or looking to expand your portfolio, this business ticks all the boxes for affordability, location, and scalability.
Contact Ronald Ozeri at Plan B Sales today to learn more or arrange a confidential inspection:
0413 003 029
admin@planbsales.com.au
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Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
