Reference - 45762
Monterey Jacks, Lerwick, is a successful bar and restaurant venue that has traded successfully as a restaurant for 17 years. The property has recently undergone a fully refurbishment program at the start of 2017, and is now offered in true walk in condition. The current vendors are selling the lease, as the business and location no longer fit within 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 Lerwick. We are advised the current lease can be renegotiated, with the option to purchase the freehold.
The trading name is not included, which is reflecting in the asking price
Lerwick is the main port of the Shetland Islands, Scotland, located more than 100 miles off the north coast of mainland Scotland on the east coast of the Shetland Mainland. Lerwick is about 210 miles north-northeast of Aberdeen, 230 miles west of Bergen in Norway and 230 miles south east of Tórshavn in the Faroe Islands.
Lerwick, Shetland's only burgh, has a population of about 7,500 residents and is the most northerly and most easterly town in Scotland. One of the uk's coastal weather stations is located at Lerwick. Lerwick is served by the Tingwall Airport located a few miles away and Sumburgh Airport that is further south and flies all year to some Scotland destinations.
Northlink Ferries operate a daily overnight ferry service between Lerwick and Aberdeen, regularly calling in to Kirkwall in the Orkney Islands.
The Shetland Islands Council operate a ro-ro ferry service to Out Skerries and Bressay from a terminal in the centre of the town
Lerwick is a busy fishing and ferry port. The harbour also services vessels supporting the offshore oil industry.
The property is a detached lock up unit set over two floors. The main entrance is from the front, which leads into a well presented and fully refurbished bar and restaurant.
The refurbishment included new wiring, new kitchen equipment, furniture and décor. The property benefits from a fully equipped commercial kitchen. We are also advised that works have already been agreed to install a new roof to the property in September 2017.
The main dining and bar area is located on the ground floor, with additional seating upstairs.
The premises can accommodate up to 80 persons comfortably and is well furnished with wooden tables, chairs and stools together with wooden flooring.
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 from 1200 on Sundays.
The business is currently operating 7 days per week from 1100-0000
The front of the property is straight to street. There is ample on street parking.
We have been advised that all mains services are fitted.
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 £1300.
The building is to further benefit in October from new roof and new upper windows by landlord. You are also advised that the building too may be available for sale.
Trading Figures will be made available after a formal viewing has taken place
The sale of Monterey Jacks, Lerwick offers a great opportunity to purchase a well established business. The business benefits from an excellent location. Viewing is highly recommended
Call to Action
Offers in the region of £25,000 are sought for the leasehold, fixtures, fittings. Stock in trade will be additional at valuation.
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.