The opportunity to acquire a popular Lincolnshire restaurant is being marketed for sale by specialist licensed property advisers Sidney Phillips.
GiGi’s is situated within the centre of the popular Lincolnshire coastal village of North Somercotes which had a population in the region of 1,732. GiGi’s is located in an enviable position on Keeling Street adjacent to a high footfall Spar Convenience Store.
GiGi's has been operated as a family run Italian Restaurant & Wine Bar renowned for its classic Italian cuisine since 2018 and benefits from drawing trade in from the surrounding residential areas, as well as visiting holidaymakers to the nearby caravan parks and coastal resorts close to the village. The business currently caters for a variety of functions and events which include live music, acoustic evenings, room hire, birthdays and formal meetings.
Zaine Lamont, Regional Valuations Manager for the Eastern Counties, commented: “GiGi’s offers a superb opportunity for an enthusiastic new operator to take the reins of a business which is still in its infancy. With the lack of direct competition and early positive accounting figures showing masses of potential, a new owner could generate extremely positive profit figures”.
The leasehold interest of GiGi’s is available off an asking price of £65,000, with an annual rent of £12,000 per annum on a free-of-tie basis.
For further information about this business for sale and other pubs for sale, please contact Sidney Phillips’ on 01522 500059, by email (east@sidneyphillips.co.uk) or click here for more details.