Clyde Mooney, Author at PubTIC

EDITOR’S RANT – BUDGET BIDDING: ALL GOOD FOR (SMALL) BUSINESS

Posted on May 15th, 2015 by Clyde Mooney

The 2015 budget has shaped up as the year for small business, as both parties have now aggressively targeted the so-called ‘engine room’ of Australia. Following the Treasurer’s revelations on Tuesday about a 1.5 per cent tax cut and $20k

TWIN GAMING PUBS FOR SALE AS ‘OPPORTUNITY BECKONS’

Posted on May 13th, 2015 by Clyde Mooney

Two big gaming pubs in Sydney’s west have hit the market as the Feros Group ‘swaps opportunities’. Operating five large format pubs, the family-run Feros Group has honed in on successes in foodservice, these days plating up over 15,000 mains

‘TROPHY’ PUB SMASHES PRICE EXPECTATIONS

Posted on May 13th, 2015 by Clyde Mooney

The auction of “trophy asset” the Imperial Hotel smashed price expectations, as Victoria’s hot commercial market sees values rise and yields fall. Located across from Parliament House, and a popular haunt for off-duty politicians, the sale of the exquisite 1858

BUDGET BREAKS SET TO BOOST HOSPITALITY

Posted on May 13th, 2015 by Clyde Mooney

Amid the ubiquitous media coverage of the latest Federal Budget revelations, the ‘Small Business Package’ contained has been recognised as a positive step for tourism and hospitality. Applying to businesses with annual turnover of less than $2 million, the tax

BETTING GIANT CITES VENUE IMPORTANCE IN BATTLE FOR DIGITAL

Posted on May 13th, 2015 by Clyde Mooney

The long-fought rivalry between Tabcorp and Tatts continues, with the growing battle for the prized digital market ironically triumphing venues. Earlier this year Tatts Group launched its digital service Tattsbet, but even more recently rebranded it with the fresh name

MERIVALE’S COOGEE DISASTER IN COURT

Posted on May 11th, 2015 by Clyde Mooney

A dispute over the sale of Coogee Pavilion could see Merivale’s Justin Hemmes in court against the vendor, former Rothschild CEO David Kingston. An agreement in March last year saw the celebrity operator sign on to take over the former

LIGHT BRIGADE HITS MARKET RUNNING AMID BIG POTENTIAL

Posted on May 11th, 2015 by Clyde Mooney

One of the best-known pubs in Sydney’s Paddington has hit the market, as development in the area and market conditions prove irresistible. Speaking with PubTIC, long-time operator of the Light Brigade Hotel, Dean Haritos, said the temptation to test the

UPG SEEKS CAPITAL FOR EXPANSION PLANS

Posted on May 11th, 2015 by Clyde Mooney

The Urban Purveyor Group is planning “aggressive” growth likely to see initiatives such as the franchising of its popular Bavarian Bier Cafes. Late 2014 UPG appointed veteran Tom Pash as CEO, with founder John Szangolies assuming the role of executive

LEAGUE LEGEND SELLS GONG LOCAL

Posted on May 8th, 2015 by Clyde Mooney

After 24 years of ownership, former rugby league great Craig Young has sold his Wollongong pub. Young played as prop-forward from 1977 to 1988 for the St George Dragons, which included two Premiership wins, including one as Captain at age

ROYAL EXCHANGE TO CHANGE HANDS

Posted on May 8th, 2015 by Clyde Mooney

Windsor’s The Rex has hit the market as perhaps the best-value sale of the year to date. Offering potential highlighted by 15 indoor EGMs and “extensive outdoor area” on a generous block, the 20-year leasehold of the Royal Exchange Hotel