The Warehouse restaurant in Southport is to close after 20 years.
The business, owned by Liverpool footballer Steven Gerrard and Southport entrepreneur Paul Adams, is expected to shut its doors on 6 April, according to the Southport Visitor.
Adams, who owns the Vincent hotel on Lord Street, is expected to move the staff to a new Vincent cafe and cocktail bar venture in the centre of Liverpool.
Gerrard bought into the Warehouse in 2010, and shortly afterwards it underwent a £250,000 refurbishment.
Former Glenapp Castle head chef Matt Worswick left his post in Scotland to become chef-director of the business in early 2014 but his tenure there was short-lived and he left later that year to become executive chef at Thornton Hall hotel on the Wirral.
In a statement, Adams said: "The Warehouse restaurant has gained many loyal followers over nearly the past 20 years and we have been grateful for the continued support of the people of Southport. However, we have made the decision to focus on developing other business areas.
"Fortunately, we are in a position to be able to offer all of our valued staff roles at other venues within our businesses."