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18 March 2020 | Restaurants

Family owned Italian restaurant marketed for the first time in 22 years through Christie & Co

Specialist business property adviser, Christie & Co, has brought to the market Fabio’s, a very successful family owned Italian restaurant that has been trading since 1998. The restaurant has long been recognised for its great menu, relaxed surroundings and unpretentious attitude.

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The restaurant is situated in the residential area of Corstorphine on Glasgow Road which is one of the main thoroughfares into Edinburgh City Centre and only three miles away from Edinburgh airport which attracts millions of tourists each year. Fabio’s is a staple of the local community and is popular with residents and visitors alike.

This presents a unique opportunity to purchase an established and profitable restaurant business. The property can accommodate 70 and would suit an owner operator or couple. However, it would also be a great addition to an existing portfolio.

The business has been owned by the Crolla Family for 22 years and they are now selling the lease to retire.  Pietro Crolla Jr comments, “Dad and his brother are still cooking in the kitchen in their 70’s and have been in the restaurant trade since the 60’s in Edinburgh and had quite a few restaurants over the years. It has been a pleasure to serve the local community, but it is time for a well-deserved retirement.”

Tony Spence, Business Agent at Christie & Co, is handling the sale and comments, “The market remains interesting with uncertainty beginning to fade out which has created an increased appetite for well performing businesses within the city.  We expect this appetite to remain with operators keen to expand their portfolios within the casual dining sector.”

Fabio’s is offered for sale on a leasehold basis, with an asking price of offers in the region of £150,000.

 

For further information on this press release, contact:
Fiona Fieldhouse, Head of Corporate Communications
P: 020 7227 0793 or E: fiona.fieldhouse@christie.com

 

Contact the agent:
Tony Spence, Business Agent
P: +44 (0) 131 524 3417 or E: tony.spence@christie.com

For further information on this listing, visit our website:
https://www.christie.com/properties/restaurants/a2j4g000007gp8uuau/