You don't need a big investment to serve food people want to eat, pub food in Ireland is rarely done well.
You obviously havent eaten out at many pubs. We regularly eat at country pubs all over Ireland and there is plenty of choice for great fare.
Pub culture in rural Ireland has changed due to reduced alcohol consumption with younger generations, declining population in rural areas and drink driving laws impacting on locals. The gastropubs movement has grown in recent years as these pubs have had to pivot away from being the local in order to make money.
What's the point of these recesses? Dirt catchers is all I can think they are. Would it not have been handier and neater to just box them in?
I was going to post a long reply but I'll leave it at the sentence below.
Rural pubs are fcuked.
But if you box them in you'd have nowhere to display your objets d'Art that you sourced so carefully from Home Store + More!
Ha, I have been to a few 😀 Sure I suppose it depends on what your after, loads of places do grand pub grub, but food you would travel to eat I'm not sure about that. There are a handful of places but it is a handful. Anyway my point wasn't to throw shade on the great gastro publicans of Ireland merely to make the point it can be done without a huge outlay. In a sense you sort of confirm that at least in your view plenty are doing this.
There is a clearing price for everything it will sell, maybe mothball the pub till overheads reduce a bit.
Most rural pubs are fcuked I agree, largely because they can't or won't change/adapt but the function a rural pub plays in the community is needed more than ever.
Fair enough it's more isolated than I initially thought. It does have the space for a decent food operation though, but yes you would need to be able to execute a fair bit of that yourself, but plenty will have the skills for that. Nice enough living space as well, stand by my initial observation its not expensive for a pub in fair condition with a decent flat above it. You could buy it keep the license ticking over and wait until times improve for the licensed trade because outside of lockdowns this must the absolute low point.
Pubs and nite clubs are changing. My own local is closed years now. A small rural one. As was said up above about rural pubs it was a old mans hang out during the week in the evenings and then more business on Friday and Saturday night to have a few before you head into the local town. And the town is a small town by countrywide standards but a medium size town by Mayo standards(it's in Mayo) but anyway the point is it had three nite clubs and even four at one point back in the day and now and for many years there is only one.
Foxrock (the 3 roads) is pretty much the epitome of "leafy suburb" to the extent they use it's "sylvan setting" to control planning permission. The 4-bed, 3-storey townhouses at it's centre were selling and sold for 1.2M+ recently.
The 8M one above will either be bought as a trophy house (see Kerrymount Avenue for multiple of those) or turned into a mini-estate (see Brighton Grove).
Half a mill for your own retro B&B in County Longford.
Don't disagree but I think the days of 8m euro houses are gone for foxrock, let's see!
I'd actually buy the absolute living feck out of this if I could. Paint all the houses different bright colours, fukk out all the fussy decor, put in hard floors. I'd turn it into an outdoor activities centre and hostel. I'd turn the restaurant part into a communal kitchen that would permanently exude the aroma of slap-up spaghbol and spilt alcohol. Put in extra pier/pontoon for more boats.
Then I'd just sit there for the rest o' me days wearing wrap around sunglasses watching people have the craic while I sip my bayyymish and puff my shpliffeen
Me too, I'd work it for a few years to keep busy and get used to slowing down.. The dream, always thought the same about Clifden glen too.
You might think that. However it's like the Ballinnahinch pub again you are in the ar5ehole of nowhere. At a guess you are 2-3 miles from Castletownbeare. Adrigole is a small village. You are on the ring of Beara.
You will be entirely dependent on your summer trade. Will it pay to run the pub and restaurant for weekends during the winter for maybe 30-50% capacity. Ya July and August will be hectic, June not too bad and May and September ticking over.
It will be a long time before you see a return on your 3.5 million. They have probably done up one cottage for the sale. The rest are probably like the one with the red kitchen. The outdoor chess set looks fairly new.
Tiger Woods will not be coming on holidays there with his helicopter, he go to the Park in Kenmare or Parknasilla in Sneem ( that is even if he leaves Adare Manor). You might have a day time trade for July and August nothing after that
To buy it the bank will look for at least a million up front. Borrowing 2.5 million @7% at present will cost 170k in interest alone per year or over 10k per unit. Repayments would be 210k/year. Add in another 500k to a million for bringing it up to a decent standard and for day to day running costs for first season.
You will not be retiring and ''sip my bayyymish and puff my shpliffeen''.
To run it as a going concern you would need to buy it for 50% of the price. I imagine who ever buys it will split it, sell the house as holidays homes to people who w t a holiday home and sell the pub restaurant to an investor who will run it for the summer as a tourism business
Its lovely, but a purchaser will not be putting their feet up, there will be a huge amount of work, especially in the season, you won't have time to sit down and relax.
There is no kitchen mentioned in the blurb and to create a commercial kitchen to HACCP standards is a huge investment. People will drive a reasonable distance to get good food, but they won't drive distances just to drink (even expensive wine unless its a proper restaurant and not a pub).
My very rural local for 5-6 nights of the week is the same 6-7 aul lads who walk / drive 1-2 miles to the pub and have 3-4 pints each. However on 1-2 nights of the week the pub has dance nights - and the place does be hopping. Hundreds of people travel a long way just to dance and meet others (I've spoken to people who have traveled for 2hrs to come to one of the events). The pub charges a cover at the door and sells feck all drink apart from soft drinks. It has saved the pub and allowed it to keep open with the minimal trade mentioned from a few locals. They did try the food thing for a while but have pulled back from it as it doesn't pay (you need a chef / cook).
There is a really small and expensive restaurant near me also that is full every night it is open. People will travel a long way to it because the food is so good even though it's well off the beaten track - it has been mentioned in lots of guides and has a well deserved reputation.
I had a friend once who owned a rural pub in a tourist spot for years and it's a hard life. Working essentially 7 days a week and sometimes 18hrs per day. You're closing the door to regulars at 1am and are then up to take in deliveries at 7am. Not for me.
Looks like glamping pods have been added.
Now all they need is the Brennan brothers and some free RTE advertising.
Or maybe they've already been there.
Similar,
This has been for sale for at least 2 years .
You would want to be fond of the lifestyle .
Stunning house, love the decor too. I'd happily live here.
I'd happily live in the garden room 😀
The decor wouldn't be what I'd buy myself (I prefer squishy looking couches for comfort) however I could live with it happily enough!
I think the sofa in the TV room looks comfy enough. The other rooms are probably only used when they have guests.
I'm impressed they have a big TV. So many of these houses have a huge sitting room and a tiny 24 inch TV in the corner :)
Quite likley two years of Covid restrictions are partly responsible for the shift. Was recently back in Dublin for the first time since mid-2021 and even there things feel very different.
They all closed down well before covid. Things have been changing regarding pubs and nite clubs for many years. At least the last 10 anyway. Could even have been longer than 10 years.
Dublin certainly felt different in 2018-2019 compared to when I first arrived in 2013, but Covid seems to have accelerated it.
Surprised this hasn't been snapped up by someone hosting refugees.
Keep one bedroom and one reception room for a guardian. Rent the other 7 out.
€140 per day is €100 net. X 7 people = €1000 per day, or €325000 per annum with some vacancies. That's before tax and wages. Easy money.
We can put this one to bed before it derails the thread.
But before we do 😁
The asking price is so low someone with a decent house could sell up buy this and have plenty cash on hand to invest. Would it be the best investment, I'm not sure, but its certainly not a prohibitive entry price if you wanted to take a crack at it. Your point about people driving for food backs up my point about good food not being all that easy to find in Ireland plus this place would have decent parking I would think. Completely agree on no demand for a wine bar in the sticks! you either need a strong food offering or strong wet offering, but that's not going to be fine wine.
Don't want to close at 1am and get deliveries at 7am, close at 11pm and tell the drayman to feck off until 9am. I understand all the issues around running a pub believe me but I don't get the negativity on here, people moan about how rural pubs are fcked etc well maybe think about some solutions instead of focusing on the problems. Its a shite time to be running any business for sure but it doesn't mean all businesses are fcked.
Anyway I hope someone does buy it and make a go of it because the local pub is a key part of the community for me especially in rural areas and it would be a shame to lose another one.
That's me done on this but its been an instructive discussion.
Wishing and hoping does not guarantee profitability. There is a very good reason there is a substantial pub and accommodation for the price of a decent house - anything half way profitable would cost a lot more. You can run your pub as efficiently as you like, but if you don't have customers all your enthusiasm is wasted.
I think you hit the nail on the head there and that's probably why nobody wants to buy it and run it the way it is after all the time it's been up for sale. That kind of setup wouldn't really draw the crowds anymore now that the likes of centre parks exist.
If you had to borrow to buy it you would be shagged, can't see anyone making a go of it while carrying a 170k annual monkey on their backs. But if they did lower the price the outdoor adventure centre could be a goer. Your income then isn't limited by how good the holiday homes and restaurant are.
You get quite a bit for your 1.8m with this one
