Coach Inn in Banbridge sold for £975,000 after 10 months on market
Popular nightclub The Coach Inn in Banbridge has been sold for close to its £975,000 asking price after 10 months on the market.
The Coach – part of the Quinn family group Shanidar Limited, which owned the town's Harry's Bar and still owns its Iveagh cinema – has been bought by Osiris Bars No 2 Ltd, part of the Fortuna Group, which owns Gowdy's gastro pub near Lisburn.
It's believed all the staff are to be kept on under the new ownership.
Placed on the market in October last year, the Co Down venue has for many years attracted crowds from across Northern Ireland to its discos and big-name DJ events.
The 1.5 acre Coach site incorporates a successful restaurant, bar and nightclub, the Jockey Bar, office space and outbuildings and drew considerable expressions of interest through sealed bids before being finalised last Thursday.
The venue went up for sale around 12 years after it was purchased from former owners, the Scullion brothers.
Dominic Quinn snr is thought to have paid at least £1m for the club, which in recent years had been run by his son Andrew.
At the time it went on the market The Coach was described by John Martin of selling agents Osborne King as "one of Northern Ireland's premier nightclubs" which had "always done well in the past". Mr Quinn has been lauded among the town's political representatives for "being very good to his employees".
Alliance Party councillor Sheila McQuaid previously said the Quinn family had "made a great contribution to the town as a whole".
"Along with the cinema, they are part of the heritage of Banbridge," she said.
Mr Quinn also ran a vending machine business High Street Investments and arcade game business Treasure Island Amusements.
Yesterday Mr Quinn told the Banbridge Chronicle the new owners were set to move in today with renovations set to commence immediately.
The Iveagh Movie Studio remains on the market, with an asking price of £1.5m. Harry's Bar was sold in January.