An iconic Dungannon entertainment venue has entered the market as a going concern with a guide price of £1,250,000.
After 32 years at the helm owners Paul and Briege Hagan are planning for their retirement and have put the notable venue on the market. The couple who took over the bar in 1990 from Paul’s parents, Dominic and May have recently invested in the renovation of the Bar 43 VIP Lounge and have maintained an ‘impressive’ premises throughout.
Hagan’s Bar, situated on Irish Street, is a long established business cited by the listing agent as ‘one of Ulster’s most vibrant entertainment venues’.
Offered for sale by Private Treaty, the substantial venue – boasting capacity for functions of up to 400 people – many will have enjoyed an event at this establishment over the years.
Hagan’s Bar was previously owned by Paul’s parents, Dominic and May Hagan, who had purchased the pub in 1969.
No ordinary sale, the freehold property comes with all the bells and whistles expected of a seven figure asking price. The venue has five bar areas and seven serving stations which caters for the need of a broad customer base of all ages, from all sections of the community.
The listing agent states: “This is an exceptional opportunity to step into a profitable trading business, with all the accompanying benefits of an existing well trained staff team, and fine tuned management systems.”
Prospective buyers will be comforted by the venue’s consistent success, having scooped the Top 100 Hospitality Business Award for three consecutive years running.
The property has entered the market due to the ‘approaching retirement’ of the current owners, but the agent notes that it is ‘well established with lucrative and increasing trade levels’, with full trading information made available to accountants acting for prospective purchasers upon agreement of sale, satisfactory proof of funds and vendor approval.
Full details on the sale with be given in confidence to any qualified buyer by the sole selling agents, Best Property Services Dungannon. Interested parties should contact Conor Mallon on 028 8772 2663 or conormallon@bestpropertyservices.com.
