THERE will be many “chasers” of deals to purchase six local pubs that have been put up for sale in recent weeks. Gordon Kearney, managing director of Rooney Auctioneers, has brought the sextet of watering holes to the market. The Black Swan, Davis Street, and Imperial Bar, Upper Carey’s Road in Limerick city, and Reddan’s Bar, Killaloe, Nuala’s bar and restaurant, Tuamgraney, and Stritch’s pub, Clonlara in County Clare are all trading and being sold as going concerns. The only closed one is the pub at Westbury Shopping Centre. READ MORE: Knocking of two buildings in Rathkeale was 'based on poor advice' Mr Kearney said the common thread linking the five open pubs is that the current owners are reaching a point in their lives when it is time to take a step back. “They’re all heading towards retirement by and large. They have made a great business out of their pubs over the last 10, 20, 30 years . “It's not as if any of the pubs aren't doing good trade, they all are doing exceptionally good trade. We have accounts for all the pubs that are trading to show that the trade is still there and they're all profitable. These people are just getting to the end of their career and are looking for the next generation to step in,” said Mr Kearney. All the pubs have different dynamics, he says. He stresses the advantages of attached accommodation either for the new owner to live in, for staff or rent out as a second income. “The owner of the Imperial has expanded it over the years. It has an incredible function room, bar, lounge, with potential residential accommodation overhead, and a fantastic beer garden. “Nuala’s is a huge operation with a bar and restaurant, full commercial kitchen, huge yard, and a three bedroom apartment overhead. Reddan's is a real olde world pub, potential for accommodation overhead and beautiful beer garden out the back. “The Black Swan has a beautiful apartment on the first floor and the old railway hotel nearby has full plans for 116 bed student
Publicans ‘call time’ as six hostelries in Limerick and Clare are put up for sale
