A fire sale of some of the best-known pubs and bars in Sydney, including Cargo Bar, Bungalow 8, the Winery, Gazebo and all of the Jamie's Italian outlets, is on the cards as the owner, Keystone Group, has been placed into the hands of receivers Ferrier Hodgson.

Although all the venues trade well, a syndicate of lenders, said to include the US giant KKR, has been unable to reach agreement with the board on key aspects of Keystone Group's financial structure.

While the Cargo Bar has been on the market since early March, last year Keystone, run by John Duncan, sold its Newtown Hotel, in Sydney to the Colonial Hotel Group and now the receivers will look to sell other venues including Kingsleys Woolloomooloo, Manly Wine, Sugarmill Hotel and The Rook, in a portfolio said to be worth more than $100 million.

The sale comes as other flagged pub floats have also been taken off the agenda. Pub agents say the lockout laws in Sydney have taken a toll on trading as patrons head to the suburbs.