Italian Restaurant Re D'oro Ristorante for Sale in Newport
City of Newport, Newport
- Status
FOR SALE
- Advert ID
629601
- Leasehold: £40,000 (Stock at valuation)
- Rent: £9,000 (£750 per month)
- Turnover: £93,000 (£1,788 per week)
- Profit: On request
Key Features
- Planning Consent Available
- Accounts Available
- Offers Invited
- Open Plan Trading Area
Business Details
Re D'oro Ristorante – Award Winning Italian Restaurant For Sale in Newport
If you're looking for an exceptional dining experience, look no further than this award-winning Italian restaurant in the heart of Newport. This restaurant is renowned for its authentic Italian menu crafted from premium, fresh ingredients, and it has been recognized as a finalist for Best Italian Restaurant and Best Pizza in the 2024 Italian Awards. Additionally, it received a 'Highly Commended' distinction for Best Restaurant from the Welsh Business Awards in 2025.
Recently refurbished in 2023, the restaurant features cutting-edge equipment, including a modern three-phase power supply and a well-equipped kitchen with state-of-the-art appliances like a Zanolli pizza oven. The elegant interior is complemented by stylish furniture, tasteful decor, and lush hanging greenery, providing a cozy and contemporary dining ambiance. With a 23-seat capacity, the restaurant offers a perfect setting for both intimate dinners and lively gatherings.
The restaurant holds an alcohol license and planning permission to operate seven days a week from 9:30 am to 10:00 pm, although it is currently closed on Sundays and in the mornings. This leaves ample opportunity for growth, such as opening on Sundays or introducing breakfast service. The restaurant's strategic location boasts large windows for excellent visibility and natural light, ensuring an inviting atmosphere for passersby.
Boasting a strong online presence with a 4.9-star Google rating and over 2.5k Facebook followers, the restaurant is also listed on Just Eat, Deliveroo, and UberEats for convenient delivery and takeaway options. Its excellent 5-star food hygiene rating further highlights the restaurant's commitment to quality and safety. Moreover, there is potential to host private events, tastings, or themed nights, utilizing the restaurant's reputation for publicity and forming local partnerships.
Situated in the vibrant neighborhood of Maindee, Newport, the location is surrounded by a variety of amenities, including shops, restaurants, and public services, making it a prime choice for customers. As the only Italian restaurant in the area, it faces minimal competition, offering a unique opportunity to dominate the local market.
The restaurant is being offered for sale due to the current owner's plans to return to their home country. This presents a rare chance to acquire a successful business with a proven track record, priced at £50,000 with a current turnover of £90,000. The annual rent stands at £9,000, and potential buyers can review available accounts. Offers are invited for this leasehold property, and there is flexibility and support for the new owner, including training opportunities and included fixtures and fittings.
Re D'oro Ristorante is a fully operational, established business ready for new ownership with extensive room for growth. An opportunity like this in the city center of Newport is not to be missed.
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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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Don't 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 number 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.
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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.
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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.'.
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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.
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