GLEBE Bar – FULLY MANAGED, $18.5k/week, Offers accepted!
$149,000 plus SAV
Description
This iconic Inner West bar/restaurant is located on a main street of Glebe Central to what Glebe has to offer, this is a well known venue to locals and visitors alike, whether it is for a cocktail or a meal.
The bar/restaurant has been revamped and refreshed over the last two years and it operates 6 days. It currently trades nights from Tuesday to Saturday and provides lunch on Saturday and Sunday. It is fully licensed (on premise indoor and PSA outdoor). Run under management.
Approximately 46 internal seats, 16 outdoor seats and 9 footpath seats. Availability of the already licensed whole second floor (additional rent) with a wet bar for functions or a ‘venue within a venue’.
The menu is streamlined, with snacks, share plates and house specialties. Signature Cocktails, tap beer and wine are all offered. The lunch and dinner menu provides a quality offering for the patrons.
The venue has a fully fitted commercial kitchen with a grease trap, exhaust system and cool room. Separate wash up area. Plenty of storage.
The bar/dining area is a light, bright space and is very well maintained and the venue also has a dedicated outdoor seating area.
This is a perfect business for an owner operator or a couple. Everything is set up for you and the business is trading very well near pre Covid levels. Walk in and reap the benefits that the current owner has set up from day one. Increase the profitability by streamlining the wages.
Increase the potential by extending the trading hours and expanding the menu and adding delivery apps. Catering and functions are also a source of income as well as continuing themed nights. If you have been looking for a profitable business with high turnover, limited competition and a loyal following, then this is the one.
**Please note that for confidentiality the image in this advert is generic and is not of the actual business**
Members only
Staff No
The business currently operates with the following staff: 2 x Chefs Salary 1 x Chef/Kitchen Hand Casual 1 x Owner Casual 3 x FOH Casual 1 x Bar Casual 1 x Bar/Manager Casual
Lease Info
The Lease commenced on August 26, 2021 and expires on August 25, 2024 Two 3 year options are in place. taking the lease to August 25 , 2030 CPI rental increases annually. Market Review at the options
Trading Times
6 days a week - Monday closed; Tuesday –Thursday 5pm - 11pm; Friday 5pm - midnight; Saturday noon - midnight; Sunday noon - 5pm Total of 42 business operational hours per week.
Size of Premises
The business is in great condition (refurbished in 2018) and occupies approximately 120m2 with seating capacity of 46 inside, 16 terrace outside and 9 on the dedicated footpath area. It has a well equipped full commercial kitchen with cool room, separate wash-up area, plenty of storage and a car space. Availability of the already licensed whole second floor (additional rent) with a wet bar for functions or a ‘venue within a venue’.
Opportunity
This is a perfect business for an owner operator or a couple. Everything is set up for you and the business is trading very well near pre Covid levels. Walk in and reap the benefits that the current owner has set up from day one. Increase the profitability by streamlining the wages. Increase the potential by extending the trading hours and expanding the menu and adding delivery apps. Catering and functions are also a source of income as well as continuing themed nights. If you have been looking for a profitable business with high turnover, limited competition and a loyal following, then this is the one.