Cyprus Overview
Financial Performance
Business Operations & Assets
Business Details
Reason For Sale
Description
Positioned along a busy main road in a popular shopping strip, this much-loved local restaurant has built a strong presence in the area, serving traditional Italian favourites including pizza, pasta and parmas.
With a fully equipped commercial kitchen, seating for 50 and established takeaway and delivery operations, the business offers an excellent foundation for an incoming owner to continue its longstanding success while exploring further growth opportunities.
Key Features:
Established in 1986 – over 40 years of history!
Taking approximately $8,000 per week
High-profile Newport location with excellent main road exposure
Seating for 50 customers indoors
Fully equipped commercial kitchen with equipment valued at approximately $70,000
Affordable rent of $3,769 per month including GST
Trading just 6 evenings per week – closed Tuesdays
Experienced team of 6 casual staff supporting the working owners
Established dine-in, takeaway and delivery operations
Opportunity to expand trading hours and further develop the business
Currently operated by a full-time owner with part-time assistance from their partner, this restaurant presents an appealing opportunity for a hands-on operator, family partnership or experienced hospitality buyer.
With over four decades of history, an established local presence and everything in place to continue trading, this is an opportunity to put your own stamp on a longstanding Newport favourite!
For further information and to arrange an inspection, please contact Chris Panagiotidis on 0433 582 533 or chris@absolutebb.com.au.
Ref: B15156
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