A family is to sell a "much-loved" restaurant in a historic Scottish town after 27 years.

The 130-cover restaurant is described as having a "large, loyal following".

 "Our clients have decided to retire and hand over this popular restaurant to ideally new, younger and enthusiastic owners," Cornerstone Business Agents said.

The restaurant is described as a Kirkcaldy 'institution'The restaurant is described as a Kirkcaldy 'institution' (Image: Cornerstone Business Agents)

"Pane E Vino is a Kirkcaldy institution. This much-loved restaurant business has served Kirkcaldy and wider Fife area for over 27 years.

"The restaurant has a large, loyal following from several generations of families and regulars."


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The agent also said: "The business continues to perform impressively from seven-day opening but it is strongly felt new owners will be able harness the obvious further potential the business shows. Increasing revenue with a more sophisticated handle on social media as well as aggressively pushing the takeaway side of the business.

"Although trading as a successful Italian offering, the property and the business could lend itself to a wide variety of international cuisines and offerings.

"The business is offered for sale on a freehold basis. Our clients would also consider the sale of the business on a new lease basis (10-15 years)."

Kirkcaldy is described as one of the "most ancient burghs" in Scotland.

Cornerstone said the freehold guide price for Pane E Vino is £475,000, and the leasehold premium is 95,000 with an annual rent of £40,000.