Italian Restaurant Re D'oro Ristorante for Sale in Newport

Description

If you're looking for an exceptional dining experience, this award-winning Italian restaurant is located in the heart of Newport. The business is known for its authentic Italian menu prepared using premium fresh ingredients and has been recognised as a finalist for Best Italian Restaurant and Best Pizza in the 2024 Italian Awards. It also received a Highly Commended award for Best Restaurant at the Welsh Business Awards in 2025.Recently refurbished in 2023, the restaurant features modern equipment including a three-phase power supply and a fully equipped kitchen with appliances such as a Zanolli pizza oven. The interior is finished to a high standard with contemporary décor, stylish furniture and decorative greenery, creating a modern dining environment. The seating capacity is approximately 23 covers, suitable for both intimate dining and small group bookings.The restaurant holds an alcohol licence and planning permission to operate seven days a week from 09:30 to 22:00, although it currently operates reduced hours. This provides scope for growth through extended opening hours, including Sunday trade or breakfast service.The business has a strong online presence, including a 4.9-star Google rating and over 2,500 Facebook followers. It is listed on Just Eat, Deliveroo and Uber Eats for takeaway and delivery services. The restaurant also holds a 5-star food hygiene rating.Situated in the Maindee area of Newport, the location is surrounded by local amenities including shops, restaurants and public services. It is positioned as the only Italian restaurant in the immediate area, resulting in limited direct competition.The business is being sold due to the current owner relocating to their home country. The asking price is £50,000 with a current turnover of approximately £90,000. The annual rent is £9,000. Accounts are available to interested parties.The sale is on a leasehold basis with fixtures and fittings included. Training and transitional support are available for the incoming owner.