Seven iconic venues along Hobart’s waterfront and suburbs suddenly shut after the owners entered voluntary administration.
Administrators Apex Advisory will try to find a new owner for seven venues owned by Pub Banc Group and Hotel Banc Group across Hobart.
The group employs more than 80 people at some of the city’s most well known establishments including Cargo Bar Salamanca, Jack Greene, Observatory Bar, Franklin Wharf Restaurant and Bar, the Franklin Wharf Function Centre, Republic Bar and Post Street Social.
The Cargo Bar posted on social media the decision has resulted in the immediate closure of all the group’s venues and they were unable to host any upcoming reservations, private functions or scheduled events.
“We understand the massive impact this has on your plans — especially for those who have trusted us with milestone celebrations, weddings, and corporate gatherings,” the post read.
“Please know that this situation is entirely beyond our control, and we are devastated to be delivering this news to you so abruptly.”
The administrators said they working to determine the process for prepaid bookings, function deposits and event cancellations.
Apex Advisory managing director Tim Booker said the purpose of the…