Located at the interesting end of Chapel Street, Borsch Vodka and Tears is a cocktail bar/restaurant that celebrates the inner Bohemian in us all with its Avant-garde decor. While the Russians receive all the notoriety, the majority of the world’s vodkas actually come from Poland with the vendors stocking close to 200 of them. It’s safe to say that their dedication to the liquor is unmatched. So much so that there has even been a book written about the venue.
There is extended footpath trading at the moment to the front of the venue. Then head inside to one long room with the bar and a wall of vodka on the right. With faded gilt mirrors and rustic walls, the fit of the venue resembles a Polish cellar bar. It must work as things have hardly changed in the twenty years that the vendors have been there. Heading to the rear of the venue is a long, well equipped commercial kitchen. Upstairs you’ll find an office and storage rooms. As the vendors are the primary importers into Australia of the majority of their brands there is a corresponding large amount of stock, which is optoinal with the purchase.
Borsch, Vodka and Tears has a Late Night On Premises licence until 3am with a capacity of 60 and no security restrictions. Rent per week comes in at $1630 including GST with fourteen years remaining on the lease made up of 2+4+4+4. There is an extensive fixtures and fittings list.
The venue has been a labour of love for many years but the group of owners have decided it's time to move on in separate directions. Whether you like Polish vodka or not the concept does work. An excellent set of books backed up by detailed reports from Ordermate shows that the venue is extremely profitable. It can be run under management as a passive income or be part of a small hospitality group with the resulting synergies. The purchase price of $450,000 (Price Reduction) will be quickly recouped so the exclusively listed Borsch, Vodka and Tears will be an excellent investment. Vendors terms to help with the purchase will be considered.
