Eumundi Group (ASX: EBG)

The Eumundi Group was incorporated in 1989 in Brisbane, Australia. The group has bifurcated its areas of business into two key verticals, i.e. Hotel Operations and Investment Property operations. The Hotel Vertical involves operations of Ashmore Tavern and Aspley Central Tavern. The property investment segment owns high end property assets in the most plush and high growth areas of Queensland and concentrates on leasing them to retail tenants. The properties in Eumundi?s kitty include Aspley investment property including Aspley Shopping Centre and Aspley Arcade Shopping Villages and Plough Inn.

History

Currently operating under the brand name of ?Eumundi Group?, the group was listed with the Australian Securities Exchange in the year 1990 as ?Eumundi Brewing Group?. The core business of the group was concentrated towards brewing along with marketing of a first-class beer brand and operations of the Imperial Hotel Eumundi. The initial start was turbulent and Eumundi sold its brewing operations in 1992, and the brewing plant was sold two years down the line in 1994. The Group expanded its retail business of investment properties much later in the March of 2004. The group saw multiple rise and falls with the acquisition and re-sale of multiple properties. Some prominent names that the Eumundi Group owns or once owned include Aspley Shopping Centre, Sunnybank Hills Shopping Centre, Imperial Hotel Eumundi, Banksia Beach Shopping Village, Aspley Arcade Shopping Villages, Bribe Harbor Shopping Village. Currently Eumundi Group operates its hospitality and hotels business with Gold Coast based Ashmore Tavern and by providing provisional operation services to North Brisbane based Aspley Central Tavern, which was previously referred to as the Publovers Tavern.

Strategic Vision

• The Eumundi Group is very clear and consistent about the strategic direction they want to proceed in.
• They aim to invest in property assets which could either be hotels, commercial or retail holdings with promising and consistent incomes.
• They intend to gain stretched and exponential returns from the properties they invest in via leasing them.
• Eumundi Group has invested in leisure and entertainment segments such as gaming, bars, food, and retail liquor within its hotel vertical and has a clear vision to gain outstretched returns and profits from these assets.
• The Group intends to expand its business by acquiring multiple hotel properties and deliver increased and profits via centralizing the management structure.
• Keep an eye on the existing and upcoming Market opportunities and consistently review potential assets.

Business

Let?s walk through the existing business assets possessed and operated by the Eumundi Group.

Hotels

The key agenda for the Hotel Vertical of the business is to smoothly manage and run the hotel operations while utilizing its retail segment to shoot up revenues via assets like on-site restaurants, beverages, retail of alcoholic drinks and gaming zones. The assets include:

Aspley Central Tavern: Located on the Northern side of Brisbane, Ashmore Tavern is a very calm and pleasant destination loved by all age groups and generations. The tavern is a great and apt place to enjoy an evening out with your family or friends, it has something for everyone with its wide spectrum of options available for entertainment. The place is famous for its Bistro serving the most fresh and charismatic food in the city. Enjoy a glass of some beautifully aged wine with a succulent medium rare stake over a bed of crispy French fries. You can enjoy some live music at the bistro while admiring the peppy, old-school and bohemian interiors. The Sports Bar is a true delight for the gamer in you, with fun options like TAB and Keno you are sure to never get bored or find it tough to pass your time in this quaint tavern. This is not it, experience a full-fledged gaming zone with over 40 pokies machines offering the latest technology along with the latest and most popular Lightening Link and Dragon Machines along with options like ?Monopoly Hotel Tycoon? and ?All Aboard?.

Image Source: https://www.aspleycentraltavern.com.au/about/

Ashmore Tavern: The place ages back to the year 1985 and has been keeping its visitors entertained and happy since the last 30 years. This stand-alone tavern reflects the lively and bright atmosphere of the Gold Coast and hosts a classic restaurant serving exotic and scrumptious hunger quenchers. People have been loving their crumbed calamary and beef wellington and often visit the place for their daily specials. Ashmore Tavern is home to a sports bar where one can enjoy some chilled beer while socializing or cheering for a game together. The Gaming and Pokies room is another facility that the property hosts. The forty-five pokie machines, dragon machines and Keno keep the gamers entertained. Pick your drink from the bar or enjoy unlimited coffee from their complimentary coffee machines. The Ashmore Tavern often hosts many live music bands, you can groove to their beat on Sunday nights or attend frequently held game nights on weekdays.

Image Source: https://ashmoretavern.com.au/

Property Investment

The property investment segment of the Eumundi Group has a clear focus to lease owned properties and assets to retail renters. The properties are in high end and developed areas of Queensland. The company currently has the following estates in its pool.

Aspley Property: Aspley properties comprise of the elaborate Aspley Shopping Centre located at 59 Albany Creek Road. You can plunge into a day of shopping and retail with Australian and world brands like K Mart, House, Noni B, Crossroads, Millers and Ricardo amongst others. The shopping center has multiple eateries and food chains, grab some sushi at Sushi Yui or bite into a delicious Donut King donut. The mall has also been leased to banks and financial units like Suncorp, ANZ bank etc. The Aspley Shopping Centre is a one stop shop place for all your needs, be it fresh food from Coles or Woolworths or technology houses like EB Games and Just in Mobile, you will find it all under one roof. Another asset in the Aspley Property list are the Aspley Arcade Shopping Villages.

Image Source: https://www.couriermail.com.au/

Plough Inn: Located at 29 Stanley St Plaza Southbank, this Plough Inn is as vibrant and young at heart as it looks, the place hosts multiple events around the year. Enjoy your favorite drink in their breezy outdoor setup or enjoy a scrumptious hot meal at their restaurant. Plough Inn is very often visited for their Ribs and Pumps all day on Mondays and Tuesdays or dive into a juicy portion of chicken parma on Wednesdays! The Plough Inn is well equipped to host functions and gathering for larger groups; however, a prior booking is needed for the same.

Image Source: https://ploughinn.com.au/gallery/