SA businesses for sale: The vineyards, pubs and SA brands available to buy
An iconic local food producer, country pubs and boutique vineyards are among the latest SA businesses to hit the market.
Business
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Securing finance remains a major challenge for investors seeking to buy a business in the wake of Covid-19, according to business broker Emily Troon, but demand remains strong from a variety of budding entrepreneurs.
Ms Troon from Dale Wood Business Sales said entrepreneurs, workers wanting to be their own boss and business owners hoping to expand or diversify their investments were fuelling demand for new business opportunities.
“Despite Covid, there are many serious buyers who are seeking profitable businesses with a solid long-term future, and good businesses are selling very quickly in this market, particularly if they are running under management or no specific industry experience is required,” she said.
“We are seeing a large number of business owners choosing to retire or sell after a difficult 12 months. This is presenting some excellent business opportunities for buyers, however finance can be very difficult to obtain.”
Ms Troon, who is currently selling the iconic GC’s pickled onions business, said food production was an industry currently favoured by investors, alongside other sectors including transport, cleaning, recycling and construction.
“There’s lots of interest in strong businesses that have rebounded quickly from the lockdowns, including local tourism and hospitality which are booming due to South Australians spending their money locally,” she said.
“And also businesses that have performed consistently throughout the pandemic, including some food, manufacturing, transport, home improvement and trades businesses.”
Other new business listings include boutique wineries in the Barossa and Coonawarra, and several country pubs.
NEW LISTINGS
GC’S HOME STYLE PICKLED ONIONS
The 40-year manufacturer of pickled treats offers buyers the opportunity to invest in a long-established and iconic South Australian brand.
Known for its much-loved recipe for home-style pickled onions, including spiced, hot spiced and mint varieties, the business has recently expanded its product offering to include pickled red cabbage and sliced beetroot.
Dale Wood Business Sales broker Emily Troon said the brand had a loyal customer base and long-term relationships with distributors and retailers.
“Considered by many to be Australia’s leading pickled onion brand, GC are the initials of the original business owner who started the business around 40 years ago and passed on the treasured family recipe to the current owner,” she said.
“GC’s is already loved by many pickled onion connoisseurs, so this is a prime opportunity for a creative thinker to further leverage an already established South Australian food manufacturing brand through strategic sales and marketing.”
Ms Troon said the business would suit an existing food brand or owner-operator, with no food manufacturing experience required.
“The brand is already acclaimed, so there is massive potential to leverage the name into other products or to increase production and sales of the existing products,” she said.
“The business currently operates during the onion season in November to May, so there is potential to further develop the revenue from pickled winter vegetables during the off-season.”
The current owner has managed the business for more than 20 years and is seeking to retire.
ULEYBURY WINES
The multiple award-winning Uleybury Wines will go under the hammer next month, including the family-owned winery, restaurant and function centre.
The boutique winery on Uley Road, Uleybury, has a renovated stone cellar door, restaurant and a 42ha vineyard.
Formerly a thoroughbred horse stud, it was judged to be a five-star winery by critic James Halliday in 2007.
After buying the land in 1988, owner Tony Pipicella first planted vines at the property in 1995. His son Anthony took over the business in 2017.
It has exported to international buyers for about a decade.
The property also has more than 80ha of grazing land and 120 established olive trees. Uleybury Wines has exported to the UK, Canada, Denmark, China Singapore and Japan, according to website Halliday Wine Companion.
The selling agent says there’s an opportunity to run livestock on the property, including sheep, cattle and horses, while development of short-term accommodation is also an option.
Uleybury Wines will be auctioned on August 26.
RENDLEN RIDGE
The historic homestead and vineyard in the heart of the Barossa comprises a total area of 32.4ha, including about 13ha of Shiraz, Grenache and Cabernet Sauvignon grape plantings.
There is further plantable land and a Barossa Infrastructure Ltd allocation for irrigation.
Colliers agribusiness senior executive Nick Goode said Rendlen Ridge was located close to several high-profile wine producers, and only a short distance from the Tanunda township.
“This is an excellent opportunity for a multitude of buyers including locals, industry participants, lifestyle buyers, downsizers and investors to either expand their holdings in the Barossa or secure an established foothold in a world-renowned wine region,” he said.
In addition to the vineyard, the property includes a historic stone bungalow featuring four bedrooms, extensive shedding, garages, workshops and significant frontage to Heinze Rd.
“The expertly established vineyards consistently produce high-quality fruit that has supplied major wine companies for many years,” Mr Goode said.
Expressions of interest close at 2pm on July 29.
BOWHILL GENERAL STORE
Price: Offers in excess of $1.5m plus stock
Described as an outstanding sea or “river change” for prospective buyers, the Bowhill General Store is on the market with a price tag in excess of $1.5m.
The freehold and business are available, including a general store operation, post office agency, food and drink sales including tap beer, two fuel bowsers and a decked area overlooking the river.
A three-bedroom house with ensuite and balcony is located above the store, and also forms part of the sale.
The selling agent says the facility services nearby shack owners, tourists and the local community, and is located just an hour from Adelaide between Mannum and Swan Reach.
“This business is easily operated by a couple or family and is a very profitable operation with a turnover in excess of $1m per annum,” the selling agent says.
The Bowhill General Store was rebuilt at its current location after the original building was destroyed by a fire in 2013.
LOBETHAL HOTEL
The Lobethal Hotel leasehold and business has hit the market for the first time in 15 years.
The Adelaide Hills venue, located in the town made famous by the annual Christmas lights display, comprises a two-storey building including upstairs accommodation, gaming room and separate Sip n Save bottle shop.
A long lease is in place for the incoming operator.
The selling agent says it is a “very profitable business with a multimillion dollar turnover”.
“The Lobethal Hotel is a fantastic opportunity to operate your own hospitality business and enjoy the benefits of the beautiful Adelaide Hills,” the agent says.
HONEYSUCKLE RISE ACCOMMODATION AND HIGHBANK VINEYARD
A lifestyle opportunity in the Coonawarra wine region offers buyers a business opportunity with multiple income streams.
B&B accommodation is provided in a freestone two-storey villa within the Highbank Vineyard property, which also includes a cottage nestled among the vines.
The boutique 4.4ha vineyard produces award-winning organically grown varieties including Cabernet Sauvignon, Merlot and Cabernet Franc.
Owner Dennis Vice, a Californian, and wife Bonnie from Hawaii, settled in Australia in the 1980s and eventually chose to build their dream at Highbank, just north of Penola on the Riddoch Highway.
The selling agent says the operation delivers good returns with considerable upside and potential.
“If you have ever dreamt of a lifestyle that combines sound investment with the chance to pursue your dreams, then Honeysuckle Rise accommodation business set within Highbank Vineyard offers the perfect opportunity for you to indulge your passions.”
Expressions of interest close on August 3.
HOTEL COMMONWEALTH
The historic Hotel Commonwealth was built during the boom years in Port Augusta where 12 hotels were built between 1878 and 1883.
Originally known as the Terminus Hotel, the building was a modification of two shops, and was first granted a licence in 1880.
Described as the “grand old dame” by its selling agent, the hotel includes bar facilities, restaurant and gaming room on the ground floor, and an “underdeveloped” second level.
“This grand old dame known as the Hotel Commonwealth offers the astute entrepreneur a reputable watering hole with untapped potential in the very heart of the Port Augusta CBD,” the selling agent says.
“The second level, four-bedroom residence currently produces zero income and would be well-suited to tourist accommodation, live music and bar or other entertainment facilities.”
The freehold and business is available for purchase.
ROBE HARBOUR VIEW MOTEL
Price: $2.43m
“Robe’s only motel with ocean views” is on the market, include the business and freehold interests.
Stretching across a 2072sq m site, the accommodation comprises 14 motel rooms, each with an ensuite, and offers views overlooking the Robe marina, Guichen Bay and Robe Golf Club.
The facility has been owned and managed by the vendors for the past 20 years, and is being offered on a “walk in walk out basis” with all inventory available on request.
With an opportunity to purchase adjoining allotments comprising an additional 1078sq m of land, the property offers significant development potential, according to the selling agent.
“Robe Harbour View Motel is an outstanding opportunity to secure a large parcel of land in the heart of Robe, with spectacular ocean views, excellent structural improvements and an established well respected business.”
A three-bedroom residence provides the opportunity for the motel operators to live on-site.
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