Tourist Hotspot The Temple Bar Enjoys Bumper Year
One of Dublin's best known pubs and a favourite among tourists, The Temple Bar, saw its pre-tax profits rise by 31 per cent to €2.77 million last year.
The pub, which was founded in 1840 and is operated by Temple Inns Ltd, has its own online merchandise store and has won awards such as Fáilte Ireleand's 2012 Bar of the Year and previously held the Guinness World Record for longest marathon guitar playing at 114.5 hours.
Temple Inns Ltd saw its gross profits increase from €7.4 to €8.8 million and its cash pile grow from €2.799 to €3.44 million, reports the Irish Independent. The group's staff costs rose from €2.12 to €2.33 million which included the directors' salaries for Tom Cleary and Jackie Cleary. Its operating profits totalled €3.34 million, with €576,000 worth of interest payments reducing the group's profits to €2.77 million.
The Temple Bar has more than 450 bottles of whiskey, scotch and bourbon from around the world, and claims to have Ireland's largest whiskey collection. The group also saw post-tax profits of €2.37 million with its tangible assets standing at €15.84 million for the last year.