Italian Restaurant in Newport for Sale - Strong History & Growth Potential, Leasehold
City of Newport, Newport
- Status
FOR SALE
- Date Submitted:
31/07/22
- Advert ID
299844
- Reference
RESTNEWP / Rightbiz
- Call Agent:
- Leasehold: £450,000 (Stock at valuation)
- Turnover: On request
- Net Profit: On request
Key Features
- Prime Location
- Retirement Sale
- Accounts Available
- Established Business
- High Turnover
- Company for Sale
- Attractive Business
Business Details
Italian Restaurant with strong trading history & potential for further growth for Sale (leasehold)
LOCATION
The business is in the Rogerstone area of Newport which has a population of 10,551. Tregwilym Road is adjacent to a new significant residential estate. Nearby is a Co-operative shop and cafe.
DESCRIPTION
The property consists of a ground floor restaurant area with covers of between 90 and 100. There is an additional bar on the first floor with covers of 50 and suitability for use as a function room.
The working kitchen consists of three rooms, including a recently purchased walk in fridge, 24 burners, dessert preparation area and a substantial pizza oven. All fixtures and fittings will be included and a schedule can be provided on request.
The first floor has an additional 6 private rooms suitable for storage or accommodation. There are toilet facilities on the ground floor for customers and on the first floor currently used for employees. There is also a cellar to the premises, which is suitable for storage.
Opening Hours
The business is currently trading Friday and Saturday lunchtimes, and evenings Monday to Saturday, with collection only takeaways. There is the potential to undertake delivery of takeaways and increase current opening hours increasing the current turnover.
TURNOVER
The business has performed well over a number of years. The most recent filed accounts confirm a turnover of approximately £600,000 with a healthy net profit.
Full accounts information can be made available to interested parties.
Contact Agent
Particulars / More Information
Listing Statistics
Contact the seller for more details, or book a viewing
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
