The Home on the Loch restaurant, located in the village of Arrochar on the Cowal peninsula in the Scottish Highlands, has been sold for over the £275k asking price, through Christie & Co.
New owners, Mario Gizzi, Paul Sloan, Tony Conetta and Calum MacLachlainn, are all experts in the industry. Gizzi and Conetta own the Di Maggio's Restaurant Group (DRG), and Sloan and MacLachlainn founded the Diversity Leisure Group in 2006, a large pubs and hotels operator based in Oban.
Together the four have opened many concepts in Scottish cities, including the highly successful Pinto brand, which was sold off market to BarBurrito.
Encompassed by Scotland’s famous Loch Lomond & Trossachs National Park, the Home on the Loch restaurant offers its customers picturesque views from the banks of Loch Lomond.
The restaurant 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.
Josh Hill, Business Agent at Christie & Co’s Glasgow office who brokered the sale, commented, “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.”