EUMUNDI GROUP

What EUMUNDI GROUP does

Eumundi Group Limited (ASX: EBG) is a Brisbane-headquartered, ASX-listed hospitality and retail property company. The group operates a portfolio of four hotels — Ashmore Tavern (Gold Coast), Aspley Central Tavern (Brisbane), The Plough Inn (Southbank, Brisbane, held under a 96-year head lease), and Court House Hotel (Murwillumbah, NSW, added August 2021) — alongside two shopping centres (Aspley Shopping Centre and Aspley Arcade Shopping Villages) and a retail liquor brand, Quench Liquor. The business is structured as a small-cap operator with 11-50 employees.

Revenue is generated through three mechanics: (1) directly operated hotel venues (Ashmore Tavern and Aspley Central Tavern) where the company captures bar, bistro, and gaming machine income (45 and 21 gaming entitlements respectively); (2) rental income from triple-net leased properties (The Plough Inn to Kickon Group, plus the Aspley shopping centres and Court House Hotel under single-counterparty arrangements) where tenants bear operating risk and the company receives contracted rent; and (3) retail liquor sales through the Quench Liquor banner. Listed on the ASX in 1990 (originally as Eumundi Brewing Group) before pivoting away from brewing into hospitality and property investment, the company now functions as a hybrid hotel/property landlord with a small direct-operating footprint.

Name

EUMUNDI GROUP

Legal name

Eumundi Group Limited

Website

https://eumundigroup.com.au

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Eumundi Group Limited (ASX: EBG) is a Brisbane-based ASX-listed hospitality and retail property operator running four hotels, two shopping centres, and a liquor retail brand, generating revenue from directly operated venues, triple-net leased properties, and liquor sales.

Ownership category

akta.pro rank

Product category

Hospitality and Property Investment

NAICS

Hotels (except Casino Hotels) and Motels (721110)

SIC

Hotels & Motels (7011), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Hospitality (Hotel) Property Management (BPAJAGAG)

akta.pro secondary industries

Resort-Area Full-Service Hotels (Non–All-Inclusive) (THAGAAAD), Destination Casino Hotels (THAGAJAC)

Keywords

• Hotel property investment
• Gaming hospitality venues
• Retail property leasing
• Triple net leases
• Liquor retail operations

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Hotel Operations Revenue: Revenue generated from owned hotels including gaming, bars, food, and retail liquor operations. The Group directly operates Ashmore Tavern and Aspley Central Tavern, with gaming operations and hospitality services.
2. Retail Property Investment Income: Rental income from retail investment properties including Aspley Shopping Centre, Aspley Arcade Shopping Villages, The Plough Inn (head lease), and Court House Hotel. Properties are leased to experienced hotel operators on long-term triple net leases with all costs borne by the lessee.
3. Liquor Retail: Revenue from Quench Liquor, an independent liquor wholesaler with retail liquor outlets on the Gold Coast and Aspley. Offers more than 2,700 products including beer, wine, and spirits at competitive prices.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Eumundi Group acquires, owns and operates hotel and retail/commercial investment property assets across South East Queensland and Northern NSW. It directly operates Ashmore Tavern (Gold Coast) and Aspley Central Tavern (Brisbane) featuring gaming, bars, food and beverage, and functions, runs Quench Liquor retail outlets, and leases investment properties (Aspley Shopping Centre, Aspley Arcade, The Plough Inn head lease, Court House Hotel) to experienced hotel operators under long-term triple net leases.

Product overview

Eumundi Group operates a diversified portfolio of hotel assets and retail investment properties across Queensland and northern NSW. The company's hotel operations include Ashmore Tavern on the Gold Coast and Aspley Central Tavern in Brisbane, both featuring gaming, bars, dining, and function facilities. The Group also operates Quench Liquor as an independent liquor wholesaler and retailer. Retail investment properties include Aspley Shopping Centre and Aspley Arcade Shopping Villages in Brisbane, The Plough Inn head lease at South Bank, and the Court House Hotel in Murwillumbah. The Group focuses on acquiring strategic hotel and retail/commercial investment property assets with reliable income streams.

Differentiator

Problem solved

Functional benefit

Brands

• Quench Liquor: Independent liquor wholesaler with retail liquor outlets on the Gold Coast and Aspley

Products and services

• Ashmore Tavern Hotel venue on the Gold Coast at the Cotlew Street intersection featuring a gaming lounge, sports bar, dining areas, function capability, and the Quench Liquor drive-through bottle shop.
• Aspley Central Tavern Hotel venue within Aspley Central Shopping Centre on Gympie Rd, Brisbane, offering indoor and outdoor dining, function space, a gaming room with 45 machines, keno lounge, and full bar facilities.
• Quench Liquor Independent liquor retail brand offering more than 2,700 products including beer, wine, and spirits through outlets on the Gold Coast and Aspley at competitive prices.
• Aspley Central Property Retail investment property comprising Aspley Shopping Centre and Aspley Arcade Shopping Villages on Gympie Rd and Gayford St, approximately 14 km north of Brisbane CBD, with total GLA of 4,579 m2 including the tavern premises.
• The Plough Inn (Head Lease) Head lease investment property over the iconic Plough Inn hotel located at South Bank Parklands, Brisbane, with a 96-year head lease running until 2113, leased to Kickon Group operating seven destination venues.
• Court House Hotel, Murwillumbah Hotel property in the Murwillumbah CBD main retail precinct featuring a coffee shop, public bar, TAB, 15 accommodation rooms, and 21 gaming machines, with no other gaming hotel competition in the immediate CBD.

Quantifiable outcome

• Ashmore Tavern patron capacity increased to 650 pax
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered support and core.

• HopgoodGanim LawyerssupportOthersLegal advisors providing corporate and commercial legal services. Joseph Ganim, the Non-executive Chairman of Eumundi Group, founded HopgoodGanim, a leading commercial law firm of over 300 personnel with offices in Brisbane, Perth, and a representative office in Shanghai. The registered office is c/- Hopgood Ganim Lawyers.
• Pitcher PartnerssupportImplementation/ SI/ Consulting PartnerExternal auditors for Eumundi Group. Located at Level 38, Central Plaza One, 345 Queen Street, Brisbane QLD 4000.
• Computershare Registry Services Pty LimitedsupportOthersPrincipal share registry for Eumundi Group (ASX: EBG). Located at Level 1, 200 Mary Street. Provides online shareholder services for managing shareholding, updating personal details, and receiving corporate communications. Phone: 1300 552 270.
• Kickon GroupcoreChannel Partner/ Reseller/ DistributorOperators of The Plough Inn under a long-term head lease. Part of 'Kickon Group', operators of seven high-profile destination venues across Queensland and Victoria. Since acquisition in 2017, the lessee has substantially invested in upgrades to the premises.

Scale indicators8 records

Recent moves12 records

Expansion highlights3 records

Direct peers

• ALE Property Group: ASX-listed (ALE) hospitality property investor owning freehold pub assets leased to ALH Group (Woolworths/Endeavour) under long-term triple net leases. Highly comparable business model of owning hotel real estate leased to experienced operators with annual rent escalators.
• Hotel Property Investments: ASX-listed (HPI) hotel property investment company that owns a portfolio of freehold and long leasehold pub and hotel assets leased to operators, closely mirroring Eumundi Group's triple net lease strategy with venues such as The Plough Inn and Court House Hotel.
• Australian Venue Co. Privately held operator of a large portfolio of pubs, hotels, and taverns across Australia. Comparable as a hospitality venue operator with gaming exposure that could compete for tenants or operators in Eumundi's markets.
• Eureka Group Holdings: ASX-listed (EGH) specialist accommodation and hospitality property investor. Murray Boyte, an Eumundi director, also chairs Eureka, and both companies pursue property-led hospitality strategies with long-duration leases.
• Redcape Hospitality Group: Australian pub and hotel owner-operator with a portfolio of gaming-licensed venues. Comparable as a directly operated pub/hotel owner with significant gaming machine exposure, similar to Eumundi's Ashmore Tavern and Aspley Central Tavern operations.

Broad incumbents

• Centuria Capital Group: ASX-listed real estate fund manager with hospitality exposure through Centuria Bass and other funds. Larger and more diversified alternative asset manager operating across real estate sectors including hotels and pubs, comparable to Eumundi's property investment arm.
• Endeavour Group: ASX-listed (EDV) major operator of licensed venues (ALH Group) and owner of Dan Murphy's liquor retail. Direct operator counterparty in the pub/hotel space and competitor at the liquor wholesale level via Quench Liquor's overlap with Dan Murphy's.

Regional players

• Elanor Investors Group: ASX-listed (ENN) real estate investment and funds management group with hospitality and accommodation assets in Australia and New Zealand. Overlaps with Eumundi's hospitality property investment model, though more diversified across asset classes.

Others

• Woolworths Group: Parent of Endeavour Group (until 2021 demerger) and a key anchor tenant in Australian retail property. Indirectly comparable through its historical pub/hotel exposure and continuing retail real estate footprint relevant to Aspley Shopping Centre dynamics.

Emerging players

• Domayne Hotel Group: Australian privately-held hotel operator and property investor with a small portfolio of regional pubs and hotels, comparable in size and operating style to Eumundi's boutique property investment approach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/eumundi-group-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EUMUNDI GROUP