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Food, Beverage & Hospitality business for sale in Kingston Beach

  • Food, Beverage & Hospitality
  • 23 Beach Road Kingston Beach TAS 7050
  • UNDER OFFER

PRICE REDUCTION - Panko Chan Now $199,000 WIWO + Immaculate Fit-out + All Plant & Equipment + Market Leader

PRICE REDUCTION - Panko Chan, Kingston Beach Now $199,000 WIWO

Kingston's Number 1 Japanese/ Seafood restaurant

Currently averaging over $8,000 per week during COVID -19

All Plant & Equipment, Menus and Training included in price

Japanese / Seafood Restaurant in Kingston

"Panko Chan" a Japanese inspired seafood and tapas restaurant located in the fast growing seaside strip of Kingston Beach.

A strong takeaway market and loyal following adds to the strength of this business

The business was established in 2018 with the idea of offering "quality Japanese inspired seafood with a tag line of "Fish & Chippy by day, Japas (Japanese Tapas) by night" this funky, market leading venue offers great value with a cheeky, modern edge.

Business Key Points:
Standout Location in Kingston Beach
Over $260,000 in near new Plant & Equipment
Exceptional modern fit offering dine in & takeaway
Good capacity with seating for 52 Inside & 24 Outside
Turning over $900,000 in revenue in the first 16 months
Current lease term 5 + 5 with options
Commercial kitchen with storage, all equipment in perfect working order
Well trained staff that provide the highest standard of food & service
Outgoing owner willing to train the buyer for a smooth transition

Panko Chan offers you the opportunity to purchase an established well running restaurant with good lease terms and plant and equipment in exceptional working order. The Panko Chan brand is now well established with its own website offering online ordering & table reservations and a database of over 2600 guests.

This is a stylish and modern restaurant with all the hard work already done for you.

It's perfect for an owner operator and the business offers very solid growth opportunities through expanded operational hours & increased takeaway options.

A comprehensive information memorandum has been prepared for this business as well as accountant prepared financials.

A private inspection of the business is highly recommended.

Business Highlights

Business ID2016093275
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Last updated  2 Jul 2020
Map for 23 Beach Road Kingston Beach TAS 7050
Map for 23 Beach Road Kingston Beach TAS 705023 Beach Road Kingston Beach TAS 7050
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