Rosie O'Grady's Taradale has gone into liquidation and shut its doors but could re-open under new ownership. Photo / NZME
Rosie O'Grady's Taradale has gone into liquidation and shut its doors but could re-open under new ownership. Photo / NZME
Publican Stefan Burt says a decision to put two of his Irish pubs in Napier into voluntary liquidation has been the result of “anything that can go wrong will go wrong”.
A sale process is ongoing for the Taradale pub which could potentially re-open under new ownership in time for St Patrick’s Day (March 17) at the earliest.
That sale process is yet to be finalised but a deposit has been paid by the prospective buyer.
Burt also owns a third pub and business, Rosie O’Grady’s Hastings, which he said would remain open and was the group’s main “breadwinner”.
“It has been put under a bit of strain as well but I’m sure we can get through that,” Burt said.
“We are just retrenching into Hastings as a family and saying that is what we want to focus on.”
According to the first liquidator’s reports, Rosie O’Grady’s Taradale (HB Pub Company Ltd) and Rosie O’Grady’s Napier (HB Pub Company No.3 Ltd) owe over $500,000 each to creditors.
“As a group we were trying to fund Napier, but January was a disaster so we just decided to basically call it quits and walk away from the losses, basically, and put it into liquidation.
“Then Taradale was our next one to say ‘well, it’s just too stressful, we are one owner-operator and we are trying to run two or three sites, it’s just impossible'.
“And we were watching Hastings, our big breadwinner, going backwards and so we made the decision.”
He said the Taradale venue deserved its own owner-operator to run it.
Rosie O’Grady’s Napier and Rosie O’Grady’s Taradale had about 10 staff between them before the liquidations.
Brent Dickins from CS Insolvency has been appointed liquidator.
There is also a Rosie O’Grady’s Irish Pub in Palmerston North but that is separately owned.
Gary Hamilton-Irvine is a Hawke’s Bay-based reporter who covers a range of news topics including business, councils, breaking news and cyclone recovery. He formerly worked at News Corp Australia.