Italian Restaurants for sale in Kirkwall

View the "Well Presented Restaurant, Kirkwall, Orkney (ref. 1179)" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Well Presented Restaurant, Kirkwall, Orkney (ref. 1179)

Kirkwall, Orkney Islands, Scotland

  • Freehold Price: £295,000  Price Reduced arrow_drop_down
Seller Reference: 1179
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Business Description
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Seller Reference: 1179
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Business Description
Very profitable & well presented Italian restaurant located in the centre of Kirkwall, the largest town and capital of the Orkney Islands. Turnover steady around £435,000 net of VAT per annum. Adjusted net profit circa. £130,000. Caters for approximately 60 covers. High quality fixtures and fittings throughout. Very popular with locals and visitors. Operated under same ownership for 10 years.

Lucano Italian Restaurant & Pizzeria is situated on Victoria Street, the principal shopping thoroughfare within the town of Kirkwall, the capital and largest town on Orkney.

Our client converted this formal retail unit to a restaurant in 2010 and since then has built up a very loyal local following as well as benefiting from the increased tourism and visitors to Kirkwall and the Orkneys in general.

Currently trading as a traditional licensed Italian restaurant the business also offers breakfasts, coffee & cake and a takeaway menu.

The owner has reluctantly placed the business on the market to return to be closer to family in the central belt of Scotland as he approaches retirement. Although hands-on, there is also a manageress in place who looks after the business when the owner is not present along with a team of valuable and well trained staff.

As well as the traditional pasta and pizza dishes, Lucano also offers daily specials making use of locally sourced beef and lamb and obviously taking advantage of the wonderful seafood available from the waters around Orkney.
Trading hours:
7.30am to 9.00pm 7 days a week.
Location Details:
Lucano Italian Restaurant & Pizzeria is situated on Victoria Street, the principal shopping thoroughfare within the town of Kirkwall, the capital and largest town on Orkney. Kirkwall has major historical interest and dates back to 1046 with strong links to the Norse period. Kirkwall lies on the northern coast of mainland Orkney and has a population of around 10,000 and is home to the port which has main ferry services to Aberdeen, Lerwick and the other principal northern isles of Orkney. Recent completion of a deeper water port facility nearby has encouraged many more cruise ships to stop at Orkney as part of a trip. St. Magnus Cathedral in the heart of the town attracts visitors as does the Orkney Museum and Bishops and Earls Palaces. There is also an annual Classical Music Festival, the St. Magnus International Festival which is centred on Kirkwall each mid-summer. There are regular ferry services to Scrabster and Gills Bay on the mainland as well as the slightly longer journey round to Aberdeen. Regular flights to the airport on the outskirts of Kirkwall fly from Glasgow, Aberdeen and Edinburgh. Schooling in the area has a great reputation and Kirkwall is regarded as a safe environment for raising children.
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