Food & Drink

Italian restaurant group says 'saluti' to a bright future thanks to £350k of Lloyds Bank support

Domenico Taravella, Director, Tamburino: "We feel very fortunate to be trading in this part of the world."

By Staff Reporter [email protected]

Published: February 26, 2023 | Updated: 27th February 2023

A family-run restaurant group has cemented its future after purchasing its flagship site in Sherborne with support from Lloyds Bank.

Tamburino, which has three Italian restaurants across Dorset and Somerset, has seen continued demand since opening its first restaurant 18 years ago.

The founding location, in Sherborne, enjoyed busy trading over the festive period with sales hitting record levels, leaving the business ready to invest long-term in the site.

The group approached Lloyds Bank and secured £350,000, allowing it to purchase the freehold of the property.

The business now owns the Digby Road site outright, giving it more control over previous costs associated with renting.

Tamburino employs 40 members of staff across its three restaurants – Sherborne, Yeovil and Clarks Village in Street – and plans to further invest in its workforce over the next 12 months.

Domenico Taravella, Director, said: “Our roots in the South West date back almost 18 years, so when we got the opportunity to take ownership of our flagship restaurant in Sherborne, we knew we had to do it.

“Buying the restaurant reinforces our commitment to the local area and will allow us to be flexible in our plans for the business as we continue to provide the best Italian cuisine for our loyal customers.

“Dorset’s rolling Jurassic coastline and countryside villages attract thousands of visitors every year and have really strong communities.

“We feel very fortunate to be trading in this part of the world.

“The support we’ve received from the team at Lloyds Bank has been invaluable and we look forward to continuing working alongside them in the future.”

Simon Davidson, pictured left, Relationship Manager at Lloyds Bank, said: “The UK hospitality industry has enjoyed a resurgence since the end of the pandemic.

“Although businesses are continuing to face staffing challenges, we’re seeing customers continue to enjoy spending locally.

“Domenico and his team’s passion for delivering quality service, coupled with using locally-sourced produce, has helped create a very successful brand.

“We will remain by the side of hospitality businesses like Tamburino to help them achieve their growth ambitions in what is an ongoing challenging economic landscape.”

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