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04 February 2020 | Restaurants

New owner found for popular Italian restaurant in Kent by Christie & Co

Specialist property advisor, Christie & Co is delighted to announce the sale of Pinocchio’s Italian Restaurant in Canterbury, Kent.

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Pinocchio’s is a privately-run Italian family business which was established in 1988. In 2002 it was taken over by Massimo Fierro and his wife Dee who have built up a fantastic reputation for the business over the past 17 years. They have taken the decision to sell the business to semi-retire from the trade and focus on a smaller project. They comment, “We are very happy to have sold the restaurant, although it will be sorely missed. James found the buyer very quickly and we could not fault his efforts throughout.”

The restaurant is widely known for providing some of the best Italian cuisine in the area and offers the new owner plenty of scope to increase the trade further. Mr Damiano Laurenza who is a local publican has taken on the business to increase his business portfolio.
 
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The premises at 64 Castle Street date back to 1889 when it is believed the building was used to house a greengrocer. Castle Street is also home to the birthplace of William Somner, an English antiquarian scholar and the author of the first Anglo-Saxon dictionary. Today, the street plays host to a number of independent businesses and is a main thoroughfare for visitors walking to Canterbury Cathedral.
 
James Hughes, Senior Business Agent at Christie & Co, handled the sale and comments, “Pinocchios garnered plenty of interest throughout its short time on the market, which is what we expected with the buoyant market of Canterbury City Centre. I would like to wish Damiano all the best with the restaurant moving forward.”
 
Pinocchio’s was sold from an asking price of £119,000.

For further information on this press release, contact:

Fiona Fieldhouse, Head of Corporate Communications
P: 020 7227 0793 or E: fiona.fieldhouse@christie.com

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