This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
OK
Dublin: 16 °C Thursday 21 June, 2018
Advertisement

The owners of Coppers are sitting on an absolute treasure trove of cash

We’re in the wrong business.

Image: Mark Stedman/RollingNews.ie

THE OWNERS OF iconic Dublin nightspot Copper Face Jack’s are now sitting on a cash pile worth more than €50 million.

The latest accounts for the company behind the Harcourt St club, Breanagh Catering, revealed the extent to which the venue continues to be a bona fide money-generating machine.

In the year to 31 January, 2015 it raked in a gross profit of more than €10.4 million, although the total was slightly down on the previous year’s total.

After-tax profits at the home of the coveted Coppers gold card were more than €4 million – or roughly €11,000 per day – pushing its cash pool in the bank to nearly €51 million.

Coppers1

The average number of employees was unchanged from the 2014 figure at 193, but the wage bill was slashed 11% to €3.5 million.

Meanwhile owners Paula and Cathal Jackson, an ex-garda, continue to roll out innovations at the the club – last year introducing Coppers-branded underwear available only to prizewinners.

Coppers

There was also a winter ski trip to Andorra for Coppers diehards and the venue flirted with technology via click-and-collect-style drink and food orders.

READ: A group of Cork students have designed an app that tells if a drink has been spiked >

READ: Supermac’s to open six new outlets this year >

  • Share on Facebook
  • Email this article
  •  

About the author:

Peter Bodkin

Read next:

COMMENTS (43)

This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
write a comment

Leave a commentcancel