12/1/2017 | Restaurants

New owners for Loch Lomond restaurant

Specialist business property adviser, Christie & Co has sold the Home on the Loch restaurant located in the village of Arrochar on the Cowal peninsula in the Scottish Highlands. Encompassed by Scotland’s famous Loch Lomond & Trossachs National Park, the restaurant offers its customers picturesque views from the banks of Loch Lomond.

Home on the Loch has been closed for some time, presenting new owners with the opportunity to further develop the ideally located restaurant or relaunch the business under a new brand.

New owners Mario Gizzi, Paul Sloan, Tony Conetta & Calum MacLachlainn are experts in the industry. Mario and Tony own the Di Maggio chain, which includes Glasgow’s popular bar and and restaurant the Anchor Line, among other businesses. Paul and Calum founded the Diversity Leisure Group in 2006, a large pubs and hotels operator based in Oban, which owned the well-known the Ranald Hotel, as well as the Waterfront Fish House. Together the four have opened many concepts in Scottish cities, including the highly successful Pinto brand which was sold off market to BarBurrito.

Josh Hill, Business Agent at Christie & Co’s Glasgow office who brokered the sale comments, “The sale of the restaurant reinforces demand for vacant and well located properties as they appeal to multiple types of property buyers, including developers. Over the years Scotland has seen a significant increase in the number of overseas visitors with a growth of 17% between 2005 (2.4 million) and 2016 (2.8 million). As the Home on the Loch restaurant is conveniently located on the banks of Loch Lomond, one of many well known tourist routes in Scotland, I am sure the new owners will make a great success of their new business venture.”

The Home on the Loch was sold in excess of the asking price.