Italian Restaurant in Newport for Sale - Strong History & Growth Potential, Leasehold

Description

LOCATIONThe business is situated in the Rogerstone area of Newport, which has a population of approximately 10,551. Tregwilym Road is located adjacent to a significant new residential development. Nearby amenities include a Co-operative store and café.DESCRIPTIONThe property comprises a ground floor restaurant area with seating capacity of approximately 90 to 100 covers. There is an additional first floor bar area with capacity for around 50 covers, suitable for use as a function room.The commercial kitchen is arranged across three rooms and includes a recently installed walk-in fridge, 24-burner cooking range, dessert preparation area and a substantial pizza oven. All fixtures and fittings are included in the sale, with a full schedule available upon request.The first floor also provides six additional rooms suitable for storage or potential accommodation. Customer toilet facilities are located on the ground floor, with additional staff toilet facilities on the first floor. A cellar is also present, providing further storage capacity.Opening HoursThe business currently operates Friday and Saturday lunchtimes, with evening service Monday to Saturday, offering collection-only takeaway. There is scope to expand opening hours and introduce delivery services to increase turnover.TURNOVERThe business has performed strongly over a number of years. The most recent filed accounts confirm turnover of approximately £600,000 with healthy net profit. Full financial details are available to genuinely interested parties.