EVER dreamed of pulling beers at your very own bar?
Just $25 could make you the new owner of Das Hund Haus at Hamilton, which is being raffled for sale.
Owner of the German themed bar and restaurant James Sneddon has secured a permit from Liquor and Gaming NSW to hold a trade promotion for two-for-one meal vouchers, which gives buyers five free entries into a lottery to win the business plus $30,000 cash.
He estimated the enterprise was valued at between $150,000 and $225,000.
“I investigated raffles after I saw an Australian couple raffle a tropical island resort last year,” Mr Sneddon said. “I was not even thinking about it for my venue, but when I decided to sell I realised the traditional method didn’t have certainty. I wanted the excitement of a raffle too, to see how it goes and test the entrepreneur in me. I’ve already had people buy tickets from Berlin, Western Australia and Victoria.''
Mr Sneddon said the business would be raffled on August 31 with 31 months remaining on the lease, no debts, less than $2000 worth of alcohol and an offer to train new staff.
The liquor licence will be transferred to the new owner.
He said he had the business on the market for $200,000 earlier this year but was unable to reach a deal.
He has sold about 200 vouchers from a goal of 2000, which would be equal to $50,000. “The vouchers encourage buyers to come in and spend more money in the restaurant, so I’m hoping for boost trade,” he said. “But whether I sell 200 or 100,000 tickets, it’s got to go.
“Anything you sell is only worth what people are willing to pay for it. A business takes 37 weeks to sell and I already had it on the market for six weeks before the raffle got approved, and it is open for 20 weeks. If I want to hold out for the full price it might take forever.”
A Liquor and Gaming spokesperson said the office was “reviewing this promotion to determine if it complies with the conditions of its permit and the NSW Lotteries and Art Unions Act”.
“While our inquiries are ongoing, we advise people who are considering taking part in the promotion to carefully review all relevant information including the terms and conditions,” the spokesman said. “The sale of a business or transfer of a lease are primarily commercial matters not regulated by Liquor and Gaming NSW.”
Mr Sneddon said he had “mitigated risks in so many ways”. “I’m trying to pique people’s interest but I’ve got to earn their trust too,” he said. “I do understand why people are cautious about it, but I’m genuinely just trying to do something different.
“I’ll be looking after the winner and want this to work. If they get cold feet and decide they don’t want the bar, we’ll find someone to buy it in a fire sale.”