Speculation Harley Reid

[CatToTheFuture]

So basically reading that and those numbers, he is Geelong bound with most of it build into their $1 pubs and property deals they can offer him that no one else can

I don't know if we have enough pubs for this one

 

[CatToTheFuture]

A Hungry Jack's franchise will make you more money than a pub, just ask Simmo.

Just ask Lingy, the guy who bought that pub for a dollar. I think it was a $4.5m loss he made in the end and had to sell family home.

 

[CatToTheFuture]

Geelong probably trending down in the next couple of years. So PSD

Starting the 2026 tank now.

Smart

 

[bzparkes]

Just ask Lingy, the guy who bought that pub for a dollar. I think it was a $4.5m loss he made in the end and had to sell family home.

Yeah, I was going to bring that up also but didn't know the entire story.

Current/Ex-AFL players going into pubs is a recipe for disaster. An exception would be Elliott Yeo, his father Craig(R.I.P) was a long-time publican who ran his venue.

I remember an ex-player bought a busy venue in Launceston back in the late 90s(can't remember the player). Really nice guy but had NFI how to run a venue and had to sell less than a year later.

Margins are pretty thin in the hospitality industry and there's heaps of competition, so you need to have a great deal of experience to be successful.

Just buy property instead, if you have the money.

 

[CatToTheFuture]

Yeah, I was going to bring that up also but didn't know the entire story.

Current/Ex-AFL players going into pubs is a recipe for disaster. An exception would be Elliott Yeo, his father Craig(R.I.P) was a long-time publican who ran his venue.

I remember an ex-player bought a busy venue in Launceston back in the late 90s(can't remember the player). Really nice guy but had NFI how to run a venue and had to sell less than a year later.

Margins are pretty thin in the hospitality industry and there's heaps of competition, so you need to have a great deal of experience to be successful.

Just buy property instead, if you have the money.

Yeah Riccuto did well but outside that I don't think there's too many successes.

People I don't think realise how competitive hospitality can be

 

[bzparkes]

Yeah Riccuto did well but outside that I don't think there's too many successes.

People I don't think realise how competitive hospitality can be

Yep, I worked in the industry for 20 years(last 10 as a manager) before switching to IT during Covid.

No way would i ever consider starting a hospitality business, unless I was rich and it was a pet project.

 

[CatToTheFuture]

Yep, I worked in the industry for 20 years(last 10 as a manager) before switching to IT during Covid.

No way would i ever consider starting a hospitality business, unless I was rich and it was a pet project.

Only worked in a pub during uni. It was a pretty successful one but even then I remember being told some of the margins on some of the higher turnover and I was just shocked. Like "why are we selling this?!"

 

[Crow till I die]

Just ask Lingy, the guy who bought that pub for a dollar. I think it was a $4.5m loss he made in the end and had to sell family home.

Wrong pub and no pokies

 

[Crow till I die]

Yeah, I was going to bring that up also but didn't know the entire story.

Current/Ex-AFL players going into pubs is a recipe for disaster. An exception would be Elliott Yeo, his father Craig(R.I.P) was a long-time publican who ran his venue.

I remember an ex-player bought a busy venue in Launceston back in the late 90s(can't remember the player). Really nice guy but had NFI how to run a venue and had to sell less than a year later.

Margins are pretty thin in the hospitality industry and there's heaps of competition, so you need to have a great deal of experience to be successful.

Just buy property instead, if you have the money.

Sloane and roo are all in the pub game and doing well and from memory tredrea is as well and doing well

 

[bzparkes]

Only worked in a pub during uni. It was a pretty successful one but even then I remember being told some of the margins on some of the higher turnover and I was just shocked. Like "why are we selling this?!"

Yeah, you sell some stuff at thin margins to entice people to buy other things on a much higher margin, or to bring them in to blow their money on gaming.

My last role was in fine-dining and we'd be lucky to make a gross profit of around $1k per month, after everything.

This was at a winery though. Main business was wine sales and the company itself actually ran a highly successful printing business, so the winery and hospitality side was more a passion project than anything else.

 

[bzparkes]

Sloane and roo are all in the pub game and doing well and from memory tredrea is as well and doing well

It's good if they're doing well but I'd imagine they probably hired good managers and simply had the capital and provided input

 

[CatToTheFuture]

Wrong pub and no pokies

If it was the right pub I'm sure they wouldn't have sold it to him

 

[Crow till I die]

It's good if they're doing well but I'd imagine they probably hired good managers and simply had the capital and provided input

Pretty sure sloane and roo are in with peter hurley who is a pub magnate here in SA

 

[Crow till I die]

If it was the right pub I'm sure they wouldn't have sold it to him

If its Harley Reid, they will give him 10 'right pubs' to get him there

 

[bzparkes]

Pretty sure sloane and roo are in with peter hurley who is a pub magnate here in SA

That makes sense. It's when they try to do it alone that it falls apart.

 

[The Gtrain]

sheezal wardlaw, woopsie

Reid whoopsie

 

[ChairmanZia]

Reid whoopsie

west coast woopsie, 18 mil over 10 years, woops.

 

[Astro35]

There's a lot of 10yo's in this thread.

 

[Outtatym]

Each day The West has a ridiculous back page article about him - it's not funny and would drive anybody to leave the state. View attachment 2030941View attachment 2030942View attachment 2030943View attachment 2030944

Cringe. Nothing else happen in WA?

 

[FreoGirl]

Cringe. Nothing else happen in WA?

Freo actually got a back page today lol

 

[The 747]

If its Harley Reid, they will give him 10 'right pubs' to get him there

Doubt there is 10 right pubs in the entire region now.

 

[The 747]

This is going to be the best of threads.

 

[tigs2010]

This is going to be the best of threads.

 

[Engimal v3]

He'll re-sign with West Coast shortly.

 

[Freomaniac]

This is another reason why Free agency should go down from 8 years to 6 years or even 5 years.

Money has some things to do with it.

But If free agency was 6 years, it would be easier for Harley reid and his maager or agent to get a 3 year extension at $800,000 to $1,000,000 a year.