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Glebe Spanish Wine Bar & Cafe For Sale

Glebe, New South Wales, Australia
Asking Price:
$98,888 (AUD) Furniture / Fixtures included
Sales Revenue:
$500K - $1M (AUD)
Cash Flow:
$50K - $100K (AUD)

Glebe Point Road has long prided itself on its blend of international cuisines and this Bar and Restaurant and Café makes for a standout on the strip. Inside, the decor is simple with Spanish influences. Industrial bulbs swing on chains near potted plants, while glistening bulls’ heads punctuate the raw brick. Follow the steps to the courtyard garden, which blooms with flowering foliage and vibrant vegetables. Leading the kitchen and presenting a menu with an impressive selection of Spanish cured meats, traditional cheeses and larger sharing plates like seafood paella and mussels in a fennel, saffron and tomato broth. But tapas is what’s celebrated here. Share plates of charred octopus with kipfler potatoes and pickled cucumbers make for highlights, as does the braised beef cheek with subtle hints of cocoa, orange and marjoram on an olive oil mash. Not to be underestimated is patatas bravas – fried potatoes with tangy bravas sauce and aioli. Be sure the night ends with churros served with hot dark chocolate.
• Enjoys an excellent location in the middle of dining area on Glebe Point Road – with lots of exposure and good visibility
• Seats a total of 50 – 44 inside plus 6 on the footpath
• Has a well-earned reputation for over more than 9 years for providing contemporary Spanish Tapas Food with Cocktails, wines and jugs of Sangria.
• The Cafe /Bar has been owned and operated LOS TRES AMIGAS for the last 4 years. The business has the partners with a good income over the years – but now is the time to move on.
• Trading has certainly been affected by COVID-9 and the trading hours are now:
Hours of Operation: Dinner: Thursday to Saturday only
• Has previously operated 6 nights and lunches.
• This is the Cafe /Bar every suburb should have – comfortable, relaxed with excellent food & friendly service.
• Has an On-Premise- Restaurant Licence

Asking Price: $98,888 + Stock at Valuation
For more information contact:
Michael Fischer
Web Site: www.fischerconsulting.com.au

Property Information

Real Estate:

Lease

Lease Terms:

Till July 2022 + 1 x 5 year Option

Leasehold Rent:

$68,000 (AUD) per annum

Location:

Is located at 101 Glebe Point Road GLEBE – almost on the corner of Mitchell Street and a few metres down from St. Johns Road. This is a precinct with many ethnic restaurants, cafes and bars including: Otto Noobar; Soul Burger; Tommy’s Beer Café; Thai on Wok; Polish Place; Pasta Bella; and many others. This Café and Bar is only a brisk stroll from Parramatta Road and Sydney University.

Premises Details:

. Inside, the decor is simple with Spanish influences. Industrial bulbs swing on chains near potted plants, while glistening bulls’ heads punctuate the raw brick

Size in square feet:
150

Business Operation

Expansion Potential:

Yes - to outide courtyard

Competition / Market:

Otto Noobar; Soul Burger; Tommy’s Beer Café; Thai on Wok; Polish Place; Pasta Bella; and many others.

Reasons for selling:

Owner has been working in hospitality for a long time. She has been studying for a College Course in Personal Fitness and Training for over 50’s – and that is now the direction she wants to follow.

Trading hours:

Currently trading only 4 nights

Employees:
Kitchen 4 Casual and Part Time Cooks Front of House:1 Manager + 3 Casual Staff
Years established:
4

Other Information

Support & training:

Yes

Inventory / Stock value:
$10,000 (AUD)
Related Documents:

Contact Michael Fischer & Associates

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