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GLEBE, NSW
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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