Scotland business

Hunt continues for buyer for Castle Inns group

Sportsters Bar, Stirling
Image caption The portfolio includes the Sportsters Bar in Stirling

Stirling-based Castle Inns, which includes 12 pubs and clubs, has been put up for sale.

A specialist pub management company has been running the group since it went into administration in the summer.

Chartered surveyors Graham and Sibbald have been appointed to bring about the sale.

The portfolio includes City Nightclub and Sportsters Bar brands in Falkirk, Perth and Edinburgh, along with the Fubar Nightclub in Stirling.

The businesses are up for sale individually, in lots or as a single portfolio.

Gary Louttit, a partner with Graham and Sibbald, said this was "a rare opportunity to purchase a portfolio of high quality bars and nightclubs, all of which are established businesses with very impressive trading patterns."

He added that discussions were already at "an advanced stage with a number of operators" and he believed the pubs would be sold soon.

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