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Newly opened restaurant already up for sale

Newly opened restaurant already up for sale

CHARLOTTE — Chef Richard Cranmer knows it’s time to say goodbye to Giovanna.

That modern Italian restaurant’s lease and assets have been listed for $550,000 by Scott Lee with National Restaurant Properties. Giovanna is located at 531 Dewitt Lane in lower South End.

Cranmer told the Charlotte Business Journal he invested roughly $2 million into that 3,600-square-foot space — a sister concept to his popular Zinicola in Ballantyne. Giovanna opened last May.

He says the restaurant has yet to break even. But more importantly, it’s been a strain on his family.

Read the rest of the story on CBJ’s website here.


(WATCH BELOW: Uptown nonprofit restaurant closes abruptly)


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