Description Monterey Jacks, Stirling, is a successful bar and restaurant venue that has been owned and operated by the current vendor since 2014. The property was fully refurbished when the vendor took over and has been well maintained since. As such the business is now offered in true walk in condition. The business has traded successfully for nearly 5 years under the ownership of the current vendors, who have built up a profitable and successful business. The current vendors are selling the lease, as the premises size no longer fits with their business plan.
Bruce and Co are delighted to offer to the market an excellent opportunity to purchase a well presented and successful business within the popular and busy Stirling City Centre. We are advised the current lease can be renegotiated with the landlord for a long lease. The trading name is not included, which is reflecting in the asking price
Situation The business benefits from being located inside the popular and busy Stirling Arcade, on King Street within the City Centre.
Stirling is a city in central Scotland. The city is clustered around a large fortress and medieval old town. Stirling is the administrative centre for the Stirling council area.. The city is located several miles to the west of the mouth of the River Forth. Historically it was strategically important as the "Gateway to the Highlands", with its position near the Highland Boundary Fault between the Scottish Lowlands and Highlands and has been described as the brooch which clasps the Highlands and the Lowlands together. Once the capital of Scotland, Stirling contains the Great Hall and the Renaissance Palace within Stirling Castle. Stirling also has its medieval parish church, the Church of the Holy Rude, where King James VI was crowned King of Scots on 29 July 1567. The Holy Rude still functions, with a service every Sunday. Stirling is a centre for local government, higher education, retail, and industry. In 2002, as part of Queen Elizabeth ii's Golden Jubilee, Stirling was granted city status.
Building Internal The property is a terraced lock up unit set over the ground floor. Benefiting from its arcade locale, the property boasts both indoor and out-door seating, within the arcade, offering seating for up to 90 persons. The main entrance is from the front, which leads into a well presented bar and restaurant. The main seating area is located to the right on entry, giving seating for approximately 45 persons, by way of wooden tables, chairs and stools. To the left you will find a well maintained and fully equipped commercial kitchen. Externally, within the Arcade, you will find a second dining/seating area, which can accommodate approximately 45 persons. We are advised that as part of the lease, the occupant, can utilize the entire arcade area for functions, after 6pm, when all retail tenants close for business. This offers excellent potential for events and private functions. Ladies and Gents facilities are well located off public areas.
The business has built up and excellent reputation, trading throughout the year offering a wide range beers wines, cocktails and spirits, along with an extensive menu. The business benefits from having a full pub classification licence, being licenced from days per week, and until 0100 on Friday and Saturday. The business is currently operating 7 days per week from 1100-0000, ( 0100 Friday/ Saturday)
Building External The property is located within the Stirling Arcade and Shopping Centre on King Street. There is ample on street parking.
Services We have been advised that all mains services are fitted.
Tenure The property is held on the Scottish equivalent of leasehold. We are advised the current lease is for a rolling five years, with a monthly rental of £2400, including all service charges.
Accounts Trading Figures will be made available after a formal viewing has taken place
Summary The sale of Monterey Jacks, Stirling, offers a great opportunity to purchase a well established business. The business benefits from an excellent location. Viewing is highly recommended. Please note the trading name is not included.
Call to Action Offers in the region of £24,999 are sought for the leasehold, fixtures, fittings. Stock in trade will be additional at valuation.
Viewing Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.
Property descriptions and related information displayed on this page are marketing materials provided by Bruce & Company. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Bruce & Company for full details and further information.