Incredible opportunity in the best location.
Kingston, ACT, 2600
Tang Dynasty Restaurant was a super power Kingston Foreshore restaurant before health issues struck forcing the restaurant to close.
Tang Dynasty Restaurant has not even come close to reaching its potential. Located on the highly populated and affluent Kingston Foreshore, this business is
placed to flourish under good the right conditions.
Reason for Sale
Health issues forced the restaurant to shut. Sheer will and determination have reopened the restaurant however, the young couple desire a move back to Sydney giving you a remarkable opportunity to jump in for a bargain.
About the Business
Rebounding to its former glory, Tang Dynasty Restaurant presents a remarkably unique opportunity to secure your business on the Kingston Foreshore for an incredibly low buy in. Only $300,000 will secure this exceptional opportunity in the perfect location with water views.
Turnover was approximately $20,000 per week. Upon reopening, not only have they been able to resurrect their numbers averaging between $15,000 – $20,000 turnover per week, they have also won the coveted Australian Good Food Guide for best Chinese in Canberra 2019.
This incredible, large restaurant in the perfect location also boasts the perfect full function commercial kitchen, Coolroom and storage. The fit out alone for equipment and furniture is worth hundreds of thousands.
Want more? Rents on the foreshore or notoriously high due to the population density, the popularity of the region and the affluence of the region. Landlords have to cover incredibly high rates with astonishing outgoings in the tens of thousands. However, a brand new lease to suit your terms (within reason) will be drawn up with rent at only $8,000 + GST per month INCLUSIVE of outgoings. This simply cannot be matched.
At this price, if a fine dining Chinese restaurant is not what you’re after, you can afford to turn the space into whatever you want, there are next to no restrictions.
Obviously this business looks too good to be true, however, the owners have priced it for immediate sale. Now is the time to make a move and secure the future you have always dreamed of in the dream location.
What’s holding you back? Dream of a better life. Call Andrew from Summit Business Brokers today on 0418 676 400 for more information about this wonderful opportunity.