Chawke's The Goat Bar And The Bank Posts Profit
Published on Mar 5 2014 10:17 AM in Pub/Bar/Nightclub
Accounts filed for two establishments owned by one of Ireland's best known publicans, show an increase in profits for 2013.
New accounts for Charjon Investments LTD, the company which owns the Goat Bar in Goatstown, show the firm’s accumulated profits increased by €97,117 to €1.55 million to the end of March 2013.
Accounts for College Inns Ltd, which operates The Bank pub on Dublin's College Green, show its accumulated profits increased by €124,601 to €384,326 in the year to the end of April 30th last.
The firm’s cash reserve rose from €505,774 to €645,507.
Speaking to the Irish Times, the 64-year-old Chawke said that "there has been a pick up in all our pubs and we are successful because we work hard and give a great service".
Chawke told the Irish Times that his pub group, which employs 400 people, enjoyed a 10% increase in revenue.
The accounts show that Chawke is paying over €500,000 a year on loan repayments regarding the group's €22 million acquisition of the Orchard Inn in Rathfarnam.