Award-winning Restaurant Opportunity In Coonawarra Wine Region - Pipers Of Penola

CRE Brokers are pleased to present a rare opportunity to acquire an award-winning destination restaurant located at 58 Riddoch Street, Penola, in the heart of South Australia's renowned Coonawarra wine region.

This highly regarded venue combines strong financial performance with an established reputation, generating turnover in excess of $600,000 (2025) while operating on a limited trading schedule. For an incoming operator, this presents immediate upside through extended opening hours, increased mid-week and lunch service, and the ability to capture additional tourism trade from the surrounding wineries and regional events.

With consistent visitation from wine tourists and strong local support, there is clear potential to further grow the business through functions, private events, and group bookings, as well as leveraging peak tourism periods throughout the year.

The opportunity is available as either a freehold going concern or business with a new lease to be negotiated, offering flexibility to suit a range of buyers. The venue is fully equipped with a commercial kitchen and requires no additional capital expenditure.

This is an ideal acquisition for an owner-operator or hospitality group seeking a proven, profitable business with immediate growth potential in one of Australia's most recognised wine regions.

Opportunities of this caliber in Coonawarra are tightly held and rarely come to market. Serious buyers are encouraged to act promptly-contact Brenton today to receive the Information Memorandum and arrange a confidential discussion.