Award winning Spanish Restaurant for sale

New Ole, a renowned Spanish restaurant located on Cardiff Road in the heart of Newport, South Wales, is a multi-award-winning establishment celebrated for its exceptional culinary offerings and distinctive dining experience. Recently highlighted by Wales Online as one of the Best 25 Restaurants in Newport for 2022, New Ole has consistently earned Tripadvisor's 'Travelers Choice' accolade, ranking among the top 10% of restaurants worldwide for four consecutive years, thanks to their remarkable customer reviews and a perfect 5 out of 5 rating. The restaurant also boasts a top rating on Google Maps, with a score of 4.9 out of 5. Moreover, Restaurant Guru recognized New Ole for its 'Best Croquettes' due to their quality, variety, and flavors. The platform also conferred the 'Recommended Restaurant' distinction upon New Ole in 2021 and 2022.

Further achievements for New Ole include securing the title of Spanish Restaurant of the Year at the prestigious Welsh Restaurant Awards for 2022 and 2023 and being named the Best Mediterranean Establishment in 2024 at the Food Awards Wales. These accolades exemplify the restaurant's dedication to excellence in Spanish and Mediterranean cuisine.

Strategically positioned within a well-established shopping area, New Ole is in proximity to the Royal Gwent Hospital and the Central Police Station and is just a 15-minute walk from Newport Central train station. The property features two well-presented dining areas: a front area seating 16 people and an enclosed rear garden accommodating 20 guests. The restaurant showcases a cozy, welcoming interior with rustic wooden decor and intimate seating. The outdoor dining area is equipped with stylish lighting and heating to ensure year-round comfort for guests.

New Ole includes a fully equipped professional kitchen, a separate washing area, and toilet facilities. Additionally, the restaurant maintains its own website with a reservation center and online ordering system. The property benefits from A3 use, though alternative uses may be considered subject to granted planning changes.

With an asking price of £35,000, all fixtures, accessories, restaurant equipment, furniture, and stock are included, ensuring a smooth transition for new ownership. The restaurant offers a very affordable rental rate of £650 per month, including water rates. Currently operational from 5:00 pm to 10:00 pm, four days a week, there is significant potential for increased revenue through extended hours, additional days of operation, and delivery services.

New Ole presents a one-of-a-kind business opportunity in a prime town center location, offering authentic Spanish and Mediterranean cuisine with tapas and takeaway options. The restaurant has established a strong local clientele and carries a robust reputation within the community. Having been established for five years with the same ownership, New Ole is a well-rooted, small business ready for its next chapter under new ownership.