Members of a local syndicate have snapped up the Crescent Head Tavern on the NSW Mid North Coast, with the venue changing hands for the first time in a decade.

The single-bar operation includes an inviting outdoor area at the building front that is near to the beach and caravan park.

In addition to its outdoor eating area, the tavern features a bistro dining area within the main bar, as well a bottle shop and takeaway pizza operation that beneath the main bar service area.

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Source: Manenti Quinlan and Associates

Director/Licensee with Manenti Quinlan and Associates, Leonard Bongiovanni, who brokered the transaction alongside Gilchrist Business Brokers, said the new owners found the business appealing due to their local ties and the tavern’s coastal village location.

“As the only pub in a town with a historically-strong tourism trade, the new buyers recognised the value in acquiring this business," he said.

The tavern’s previous owners have operated the establishment since September 2010, taking care to update most of the capital items throughout.

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Source: Manenti Quinlan and Associates

Financials for the last decade reveal the tavern is consistently profitable, with average weekly sales figures totalling $35,571.

Considered a surfing paradise, Crescent Head is home to a world-famous point break, offering one of the longest rides in Australia.

Other popular activities include swimming, fishing, and bushwalking in the nearby national parks. 

It is within easy reach of several surrounding towns, including Kempsey, Gladstone, and South West Rocks.

Click here for more information about the Crescent Head Tavern.

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