Turnover At Milltown Inns Group Halved In 2020
Turnover at three of publican Charlie Chawke's pubs, which are part of the Milltown Inns group, halved and 50 employees were let go in 2020, latest accounts reportedly reveal.
As reported by The Business Post, The Dropping Well in Milltown, The Orchard Inn in Rathfarnham and Aunty Lena's in Adare form the Milltown Inns group which received nearly €600,000 in state supports last year.
The group recorded that turnover decreased from €10 million in 2019 to €5.7 million in 2020.
Headcount dropped to 104 from 154 with the greatest loss among bar and restaurant staff.
In order to respond to the effects of the COVID-19 pandemic on business, the group reportedly said that it was "flexing staff levels to match shorter trading hours and other requirements".
The dip in profit was less stark than the change to turnover. Gross profit was nearly €4 million in 2020, down from €6.8 million in 2019.
€2,408,979 was spent on wages and the average salary was a little more than €23,000.
Cash in the bank and at hand was up more than €0.5 million compared to 2019. There was more than €750,000 cash at hand compared to less than €200,000 the year before.
More than €1 million was owed to Searson's Inns Limited, which is the company behind Searson's Baggot Street, which is another Chawke pub.
The Chawke pub group also includes The Goat in Goatstown, The Bank Bar at College Green, The Oval Bar on Abbey Street, and The Lord Lucan Bar in Lucan.
Earlier this year permission was refused for a 299-unit, €186 million apartment scheme on the site of The Goat pub.
The Milltown Inns group was closed from March to June 2020 and closed again from October to Christmas.
In May of last year, a Chawkes Woodfired Pizza Limited was incorporated with Charlie and Bill Chawke listed as directors.
© 2021 Hospitality Ireland – your source for the latest industry news. Article by Conor Farrelly. Click subscribe to sign up for the Hospitality Ireland print edition.