The new owners are Peter and Pernille Colby whose two London businesses include the Sunflower Café that is currently up for sale.
Their new venture, the Blue Zucchini Brasserie, occupies a double-fronted Cotswold stone building in the heart of the Gloucestershire town opposite the Market Place.
It contains a 40-seat restaurant, a lounge bar, a patio, and four-bedroom owners' accommodation.
The restaurant also has planning permission to add eight letting bedrooms.
The Bristol office of Christie + Co sold the leasehold (which runs to April 2018) off a guide price of £150,000 on behalf of Gary Corlett.
The rent is currently set at £40,000 by landlord, pub operator and brewer Greene King.
By Angela Frewin