Chance to snap up Stirling site | Scottish Licensed Trade News

Scottish Licensed Trade News

Chance to snap up Stirling site

New owner is sought for city centre restaurant unit

The Ferentino’s outlet is said to benefit from a prominent trading location in the city centre

RESTAURATEURS looking for property in Stirling might be interested in Ferentino’s, which has come onto the books of property firm Cornerstone Business Agents.

Situated close to the city centre’s pedestrianised area and the Thistle Shopping Centre, the recently-refurbished outlet features a central dining area and a slightly elevated dining terrace, and can cater for more than 150 covers.

The venue also has a bar area, which comprises a mixture of freestanding tables and booths.

Currently home to an Italian restaurant, the unit is described as versatile and suitable for a host of different styles of restaurant.

The business currently trades as a successful Italian restaurant.

Barry McNeil, director of Cornerstone, said the outlet “has been a long fixture in Stirling’s city centre” and currently trades “as a very successful Italian restaurant”.

Owned by the Carboni family since early 2017, the outlet previously traded as Papa Joe’s Stirling. Then part of the Papa Joe’s Restaurant Group, the unit was sold last year (its other two venues – Dundee-based Papa Joe’s and Torino – were acquired by restaurant group Tony Macaroni).

All three units were sold on behalf of the Crawford family, which had run the businesses for ten years.

Ferentino’s is offered for sale on a leasehold basis, with Cornerstone seeking £160,000 for the premium with a passing rent of £70,000 per annum.

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