PANGO – NEWPORT  

PANGO – “A real GEM in the heart of Newport. Known as the friendly neighbourhood eatery, serving some of the best specialty coffee, seasonal food and amazing wines”.

 BUSINESS HIGHLIGHTS:

• Weekly sales b/w $25,000 – $31,000 with strong profit
• Great corner location in a high foot traffic area on Hall Street
• Seats 50 inside, 40 outside with capacity to cater for up to 150 for a stand up function
• Stunning fully renovated modern fitout
• Exceptional equipment all in excellent condition
• Outstanding reviews and excellent reputation – a real foodies favourite
• Current lease until 2029 with opportunity to extend for an experienced buyer
• Fully licensed for 74 patrons until 11pm – 7 days
• Experienced and strong team in place
• Full training and handover provided by the vendor
• Opportunity to increase the catering side of the business with a prep kitchen + office upstairs

Located in a showstopping corner position on busy Hall Street, you will find this incredibly popular licensed Cafe & Restaurant – Pango. First opening its doors in 2019 after giving the space a total transformation with a new modern and extremely chic fitout, the venue quickly became renowned for serving some of the best food and wine in the area, open 7 days for breakfast & lunch + 3 dinners a week.

Pango has all the perks of a high-profile location, close to the Newport Train Station with great foot traffic and main road exposure, without the expensive rental often found in neighbouring suburbs. The cafe has affordable rent which is one of the key elements to its ongoing success and strong profit. Not to mention the venue runs with an experienced and strong team in place, which anyone in hospitality right now will know, a strong team is priceless.

The interior space has been carefully thought out and beautifully executed with real character. When you step inside you get a real welcoming vibe thanks to the use of soft green and earthly tones, stunning white tiled communal table, warm timber furnishings and striking mood lighting. This fabulous light filled space is perfect for any occasion, fully licensed until 11pm and can cater for a stand-up function for up to 150 patrons, so it’s also very popular for private functions and events. The venue also has a great sized commercial kitchen with all high-end brand equipment complete with grease trap and canopy. There is also a good-sized prep kitchen and office upstairs which is ideal for any buyer looking to either expand the catering side of the business or to sublease this area to reduce the overall rent of the cafe.

The business has an excellent reputation with fantastic customer reviews, strong social media following and great industry write ups. Pango is perfectly positioned with all systems and procedures in place which is ideal for a seamless handover for the buyer coming into the busy Winter dinners and function period ahead. With the potential to put your own stamp on this already thriving business, be quick to inspect as this is a rare opportunity to buy this iconic corner venue in the heart of the inner West. Call Marc 0412 359 907 today to inspect!

Call Marc to inspect on 0412 359 907