The owners of a popular downtown restaurant have announced that the business will be changing hands later this month.

Frank and Sue Maragos, owners of Foti’s Restaurant at 110 East Davis Street, announced Tuesday on social media that they have sold the establishment and will be leaving the business as of Oct. 27.

“After 15 wonderful years of owning and operating Foti’s Restaurant in Culpeper, Virginia, I have decided to sell the restaurant to pursue new ventures,” Maragos wrote on a social media site Tuesday evening.

The venue is being purchased by Michael and Punky Scruggs of Spotsylvania County, who currently own Red, White, Bleu & Brew, a gourmet wine, beer and cheese store in Locust Grove.

The couple also own interests in several other establishments, including a restaurant in Arlington County, said Michael Scruggs, who has 25 years experience in the restaurant and hospitality industry.

“We are thrilled to be moving forward with the purchase and to be going to closing at the end of October,” Michael Scruggs said. “We’re looking forward to continuing Foti’s as a fine dining, best-in-class destination.”

Scruggs said he plans to expand the business to the building’s second floor and to add a rooftop bar to the establishment, which he hopes to open in spring of 2020.

Scruggs also said he plans to begin hosting live music in Foti’s on Friday and Saturday nights almost immediately.

Otherwise, Scruggs said, “Nothing changes.”

“Our culinary director, Liam LaCivita, will be the culinary vision and will be getting the team in place. I will be steering the ship,” Scruggs said.

Maragos said the staff will stay after he and his wife have sold the restaurant.

“My right hand here, Jacob Smith, will have the amazing opportunity of taking the reins of the kitchen on a day-to-day basis,” Maragos said Friday afternoon.

Maragos said he and Sue would like to thank their customers for their support, friendship and patronage over the past 15 years.

The business, which originally opened on the 200 block of East Davis Street in the location which now houses Natraj, an Indian restaurant, has been located at 110 East Davis since 2015.

“This has all happened suddenly and is as much a surprise to us as it is to you,” Maragos said.

“The amazing team at Foti’s Restaurant will remain to carry on the fantastic service and wonderful food,” Maragos said. “I will miss each and every one of you and I hope you all will continue to support the team and new leadership at Foti’s Restaurant.”

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