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Newtown’s Italian Pasta

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Newtown’s Italian Pasta

Independent Business Newtown 3220, VIC $125,000
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Established in 2020 on busy Pakington Street, Newtown’s Italian Pasta is a family-owned restaurant serving classic pasta dishes, antipasti sharing platters, and Italian desserts, complete with a wine and a cocktail bar.

Newtown’s Italian Pasta pride themselves on serving authentic Italian dishes, using a combination of local sourced produce and Italian imports. Their pasta and limoncello are home-made, providing the experience of a home-cooked meal to create an impressionable culinary experience for their customers from start to finish.

The key features of the business are:

• Masterfully designed menu featuring classic Italian dishes

• A head chef who is experienced in Italian cuisine

• Specialise in pasta dishes with antipasti and dessert that compliments the main offer

• Homemade pastas and limoncello

• Gorgeous courtyard overlooking the street

• Wine and cocktail bar serving a mix of Italian and local options

• Great location in a popular area

• High socio-economic clientele who enjoy a local venue within walking distance

What makes this business successful?

Newtown’s Italian Pasta offers customers a masterfully designed menu that seeks to emulate the simplicity of Italian cuisine by delivering a wide range of complimentary flavours. The drinks menu offers a selection of both Italian classics and local wines and cocktails, enabling customers to expand their palette by trying something new.

Customers are a mix of local families and retirees and white-collar workers who have become regulars. Friday night Happy Hour has also become a popular experience for locals and the younger customer groups preparing for a night out in the city. An increase in football games and events at Kardinia Park has provided an increase in foot traffic and busy nights.

Newtown’s Italian Pasta is owner operated with the current owner responsible for all daily business operations. They employ a head chef, a commis chef and six casual staff members that work as wait and service staff. The restaurant is open from Wednesday and Thursday, 5:30 pm until late, Friday 4:00 pm until late, Saturday 5:30 pm until late, and Sunday 5:30 pm to 9:00 pm. They are closed Monday and Tuesday.

The business is located on a corner position with the courtyard overlooking the street. The courtyard offers an alfresco bar experience with wine and cocktail options, along with music played through the outdoor speakers. The courtyard is an all-weather spot, with built-in umbrellas for shade and rain protection, with a central, large oak tree providing an enjoyable outdoor experience all year round. Built in furniture and olive tree planter boxes complete the pretty outdoor atmosphere.

Opportunities to expand the business include catering for large functions and events, opening for breakfast or lunch, expansion of the existing menu (family feasts with share-plates, wine, and antipasti pairings), and exploring the possibility of partnering with local wineries to offer wine and antipasti pairing events.

If you are passionate about authentic Italian cuisine and running your own restaurant, with opportunity to grow further, please enquire now.

Complete your online enquiry for a confidential discussion with the lead broker and receive a comprehensive Business Profile and Market Review.

Price $125,000 + SAV

Finn Business Sales
Geelong and South West Victoria
(03) 5259 9970

Broker: Mark Hall
0403 303 013
mark.hall@finnbusinesssales.com.au

*Images are used for advertising purposes. Actual business images may not appear.

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