Situated in the heart of Glebe, this business is a landmark destination that has served the community for 28 years. Operating as a second-hand book and music store by day and a vibrant tapas bar by night, the business occupies a prime location opposite the Glebe Markets. Its proximity to three major universities and a short distance from Sydney’s Central Station ensures a steady flow of students, tourists, and locals drawn to its unique atmosphere and original graffiti-art courtyard.
The business model is highly diversified, offering multiple streams of income under one roof. While the current owner is fully involved, the day-to-day operations are supported by four managers overseeing the distinct departments: the bookshop, music shop, cafe, and bar. This structure, combined with a loyal customer base and a reputation as one of the best bookshops in the country, provides a stable foundation for any incoming operator.
Key Highlights
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Diverse Income Streams: Combines second-hand book sales, music retail, a daytime cafe, and a night-time cocktail bar.
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Prime Foot Traffic: Located directly opposite Glebe Markets and within walking distance of three major universities.
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Secure Lease Terms: Four years remaining on the lease with fixed annual increases of 2.6%.
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Proven Longevity: Successfully trading for 28 years with a stable and loyal local following.
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Managed Operations: Supported by four department managers and a total staff of 18 employees.
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Unique Assets: Features an original graffiti-art courtyard and an international reputation for excellence.
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Turn-key Setup: Fully equipped for live music, poetry, and comedy events with all systems in place.
There is significant potential to scale the business further by expanding the dinner menu and increasing catering for private functions. An incoming owner could also leverage the established brand to sell house-made retail products like granolas and sauces, or expand the online presence for the book and music stores to reach the rare collectors' market. Improving the social media footprint offers a clear path to driving even more traffic to this iconic location.
The current owner is looking to step down from the full-time commitment to relocate for personal reasons. To ensure the continued success of this community staple, comprehensive training will be provided to the new buyer. This is a rare opportunity to acquire a legendary Sydney business with a proven track record and a beloved local identity.
Contact us today to request more information and schedule a viewing of this unique Glebe landmark.
