Long Established Under Management Restaurant Business
Long Established Under Management Restaurant Business

Price on Application· (For Sale)
  • Long Established Under Management Restaurant Business

Serving its loyal customers for 40 years this restaurant offers a great location and excellent turnover! Nestled in a neat strip of shops this business has become a Newport institution with over 40 years of history as an Italian restaurant.

Serving an extensive range of traditional pizza, pasta, and mouth-watering Parma they offer an extensive and wide variety of options, including wood-fired and conventional oven cooking.

- The restaurant offers pizza delivery as well as seating for 50 inside.
- High profile location on a major road through the west in a busy shopping area
- Full commercial kitchen
- Trading only 6 nights per week - Mon, Wed, Thur, Sun 4:30pm - 8:30pm; Fri & Sat 4:30pm - 9:30pm (Closed Tuesdays)
- Takings of $15,500 per week.
- Well staffed with full & part-time staff as well as drivers which will allow a smooth transition for the new owner, currently the business is run under management with 2 FT Staff and 10 PT Staff.
- Liquor license until 11 pm - which includes delivery of alcohol and on-premise.
- Cheap rent of $750 per week and long lease of 3x3x3 commencing July 2022.

This long-established & profitable business is well-loved by the locals providing a fantastic opportunity to take over a thriving business with a great reputation.

For more information and to organise an inspection contact Chris Panagiotidis on 0433 582 533 or Elle Likopoulos on 03 9566 7300.

Ref: B14207

Chris Panagiotidis

Elle Likopoulos

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