Family business on market for first time in 30 years
An Italian restaurant in Edinburgh’s Grassmarket has come onto the market for the first time in its 30-year history.
Ristorante Gennaro and Pompeii has been trading since Gennaro and Lorna Veneruso launched the venue in 1984.
The restaurant can accommodate 105 covers, split between Gennaro (75 covers) and the adjoining Pompeii (30 covers). A further 75 covers can be accommodated in the outdoor trading area in the Grassmarket subject to annual consent.
Barry McNeil of property firm Christie & Co, who is handling the sale, said this is the first time the restaurant has been placed on the open market.
“It is very rare for a restaurant or licensed trade opportunity to come on the open market in the Grassmarket,” said McNeil.
“Given this fact, it is of no surprise to me that there is already early interest in the business.”
Christie & Co is seeking offers over £275,000 for the lease premium with rental offers invited. It said a new 21-year lease will be on offer to the successful purchaser.