* Award Winning Restaurant Available for Sale
* Located in a Residential Area with Excellent Reputation
* Providing c. 150 covers Over Two Floors
* Strong Turnover with Potential to Increase
* Potential Managers Flat / Rooms to Rent on First Floor
* Quoting £275, 000 plus Stock at Valuation
**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.
**Energy performance certificate**
An EPC has been ordered and will be available shortly.
**Tenure**
A new lease is currently being negotiated with the landlord and will
be signed prior to the sale of the business.
**Rating assessment**
Rateable value: £10, 250
rates payable: £5, 483. 75
**Price**
We are seeking offers in excess of £450, 000 plus stock at valuation
for the business.
The owners also have a second restaurant in Cardiff which is
available by separate negotiation. Further details available upon
request.

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