Norwich restaurant put up for sale

Mon, 18 Jun 2018 | BUSINESS SALE

The Library Restaurant, based at Guildhall Hill, Norwich, has been put up for sale as founders Jayne and Nigel Raffles look to leave the industry to pursue other opportunities.

It will remain fully operational until a buyer has been found to replace the Raffles.

The couple are leaving the restaurant business after 27 years of running a number of venues across the city, including St Benedict’s Grill which opened in 1991, Pinocchio’s on St Benedict’s Street, and Pulse vegetarian café bar.

Mrs Raffles said: “While the restaurants have given us many opportunities and cherished customers, it’s now time we explored the next chapters in our careers.”

Located in Norwich’s former subscription library dating back to 1886, the restaurant space still stars wooden floors, marble tables and walls lined with tall bookcases. It seats 85 customers in its main dining area and a total of 150 diners throughout, and features a bar in the original reading room, two cellars and function rooms each, a courtyard, and a balcony in its mezzanine level.

Mr Raffles, who is also The Library’s current head chef, has trained his current staff personally, and has worked alongside City College Norwich’s catering school to recruit new members.

“We hope the [restaurant] will remain a focal point of the city and continue to be somewhere the public can enjoy as part of its rich history, which is so important to preserve for future generations,” said Mrs Raffles, who is sad to leave the business until a new owner is found.


Share this article



Latest Businesses for Sale

IT Infrastructure Service Provider
North West, UK

Solutions are offered on-site or hosted in the cloud, with the company delivering robust and reliable infrastructure environments, upon which its clients and partners can rely. Services include hosting and IT, with a complementary range of products a...

Asking Price: Offers Invited
Turnover: £763,000

LEASEHOLD


Freight Forwarding Company via Road, Air & Sea
UK Wide

Benefits from a knowledgeable, approachable and loyal workforce, capable of running the business without the shareholders’ input. Operates from leasehold premises. Our clients are offering the business for sale to pursue other, unrelated interests. O...

Asking Price: Offers Invited
Turnover: £1,500,000

LEASEHOLD


Homeware Products in Kitchenware for Mass-Market Retailers
South of England, UK Wide

Provides an extensive range of 900 products, many of which as an exclusive distributor, owing to its strong relationships with suppliers. Operates from leasehold premises based in South England. Offers invited.

Asking Price: Offers Invited
Turnover: £6,000,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
20
 
Nov
 

Swindon waste-to-gas plant construction to resume after administration | ADMINISTRATION

An unfinished waste-to-gas facility in Swindon has secured &...

 
19
 
Nov
 

UK government set to approve Cobham takeover | BUSINESS SALE

The British government is poised to approve the $5 billion t...

 
18
 
Nov
 

Kitwave acquires Alpine Fine Foods | BUSINESS SALE

Independent wholesaler Kitwave has acquired Alpine Fine Food...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources