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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.

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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 >

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About the author:

Peter Bodkin  / Editor, Fora

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