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Businesses for Sale in GLEBE, NSW

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GLEBE, NSW
Glebe Cafe | MUST SELL | Licensed | Prime Position
Glebe, NSW, 2037
Food/hospitality · Cafe/coffee Shop
$40,000
Price: $40,000 onoVendor MUST SELL - if you want a fully functional licensed cafe in Glebe, act now!This Inner West licensed cafe is for sale. If you are looking for a venue to move straight into and have cash-flow from day one, this is for you! You will need to provide a new focus on the business, its operating costs and expansion of the offering and the mandatory social media marketing.The rent is good, there are low outgoings and the lease is to June 2027 with a further 5 year option! The current operation is remarkably easy to run, has high foot traffic and benefits from its proximity Glebe Village, Broadway Shopping Centre, Glebe markets and various Universities.Sales figures are $11,694 per week and the business is currently not operating to its capability or its potential. This is simple to fix for an experienced operator.There is available footpath seating for around 12 patrons whilst there is seating inside for another 65. It has a functional commercial kitchen with coolroom and is fully licensed.The opportunity is a quick fix - utilise your hospitality experience to reduce labour and product costs and increase sales to increase the businesses' profitability. Further opportunity to expand night trade and/or introduce additional food offerings, such as pizza, or another cuisine.Staff NoThe business is currently run by: 3 x Casual Chefs 2 x Casual Kitchen Hands 3 x Casual Baristas 3 x Casual Waiters/FOH Total Operational Hours are 65.5Lease InfoThe Lease commenced on July 1, 2022 and expires on June 30, 2027A 5 year option is available (taking the lease to June 30, 2032).5% rental increases annually and at option A three month bond is requiredTrading Times7 days a week 7:30am to 3:00pm from Monday to Friday; Thursday 5:30pm to 8:30pm and Friday 5:30pm to 9:30pm 7:00am to 4:00pm and 5:30pm to 9:30pm Saturday 8:00am to 4:00pm SundaySize of PremisesThe business is in good condition and occupies approximately 132m2 with 65 seats inside and with a footpath license (6m2) for 12 outdoor seats. Grease trap connection, exhaust and coolroom are included. Fully licensed. The business has an approximate 10m frontage with a good street presence and good foot traffic.OpportunityThe opportunity is a quick fix - utilise your hospitality experience to reduce labour and product costs and increase sales to increase the businesses' profitability. Further opportunity to expand night trade and/or introduce additional food offerings, such as pizza, or another cuisine.**Weekly**Coffee Sales 10kgSales $11,694Rent $2,094
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The Local Lounge / Bar / Cafe - (Formerly Despana Tapas Bar)
Glebe Point Road, Glebe, NSW, 2037
Food/hospitality · Restaurant
POA
Phone enquiries - please call 1300 594 794 and quote property ID 34110. A fantastic venue offers a wonderful opportunity. Step back in time at Local Lounge, Glebe's global fusion Restaurant & Bar. Channeling a speakeasy vibe. Exposed brick walls & plush banquette seating create an intimate , retro atmosphereRecently rebranded, Local Lounge offers a welcoming, rustic atmosphereLocation: Situated on a main road shopping strip, amidst other eateries and close to the vibrant Glebe Markets, Local Lounge is ideally positioned to attract a steady stream of customers.Features:* Established Reputation: Over 12 years in operation - current owner managing it for the past two years.* Asset Sale; includes all fixtures, fittings, equipment. Key items:* Full commercial kitchen with char grill, stainless steel benches, multiple under-bench fridges, freezers.* Licensed Venue: Fully licensed with a PSA, offering the new owner the opportunity to develop it into a beautiful bar / licensed Cafe* Seating Capacity: Approximately 50 internal seats, plus additional licensed seating on the footpath, roadside dining and in the rear courtyard.* 3 + 5 Years remaining on the Lease. Good Landlord. * Rear laneway Car-space * Alarm & Cameras * Staff bathroom, office and bedroom upstairs* IMPOS POS * Ice Machine * Rent is $1480/ wk excl. of GSTThe Landlords managing agent is Richardson & Wrench. They will vett the incoming Lease applicant. To be successful the applicant will need extensive Hospitality experience and Financial stability. Further Potential:The business is currently only trading 5 nights & one lunch service. The current owner is selling due to other business commitments, there is significant potential for the right owner to expand the business. Opportunity:Local Lounge is an excellent opportunity. Its priced modestly, less than it would cost to set up a similar business from scratch.Turnkey Sale:This is a turnkey Asset sale walk in, and start trading immediately, with no additional investment required.Please contact:DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist business owners who are looking to sell their own business without paying any broker commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.
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Businesses for Sale in New South Wales

Browse businesses for sale in NSW across Sydney and regional centres including Newcastle, Wollongong, Tamworth, Dubbo and Albury. Opportunities can include hospitality, automotive, childcare, retail, professional services, trades and other established businesses. When considering a business for sale NSW buyers should review the financial information, assets and equipment included, staffing, licences, customer or supplier arrangements and material contracts.

Where premises are leased, check the lease term, options, rent, outgoings and assignment conditions. Different industries require different due diligence. A panel beating business for sale NSW-wide may involve workshop equipment and environmental requirements, while a licensed restaurant or takeaway shop will have food-service and liquor-related considerations where applicable. A childcare centre will have its own operational and regulatory requirements. Search businesses for sale in New South Wales on AllCommercial by location, category and price.

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