Wetherspoon Boss Seeks Outlets In Ireland For 30 More Pubs
Wetherspoon boss Tim Martin has said that he might open in the region of 30 more pubs across Ireland.
Speaking with the Sunday Business Post, Martin said: If things go well here, we might have 20 or 30 pubs here in ten or 15 years.”
The UK-based pub chain which operates more than 900 pubs in Britain and Ireland, reported a higher annual pretax profit last Friday.
In its latest financial report the group said that its pretax profit before exceptional items rose to in the region of €107.5 million (£95.4 million) for the year ended July 28 from €100.3 miilion (£89 million) a year earlier.
Dublin Portfolio Expansion
The UK publican said that he would also like to add to his current portfolio of Dublin pubs which includes: ‘The Forty Foot’ in Dún Laoghaire, ‘The Three Tun Taven’ in Blackrock; ‘The Great Wood’ in Blanchardstown; ‘The Old Borough’ in Swords and ‘The Silver Penny’ in the city centre.
“We’d like a half a dozen more pubs in Dublin if someone want to sell them at a knockdown price." Martin highlighted.
Earlier this year Wetherspoon opened up the Tullow Gate in Carlow and it announced its plans in December 2016 to open a three-floor pub in Waterford City.
According to the Sunday Business Post, the group is spending €2.5 million on the Waterford’s ‘Broad Street’ pub.
Wetherspoons has reportedly acquired the former Carbon night-club in Galway for a similar price.
“And if Carlow and Waterford go well, “ Martin added, “that will give us scope to look around the country and look at smaller towns.”
The group also runs ‘The Linen Weaver’ in Cork city.
In June, 2017 the group was granted permission to open a ‘Super bar’ and hotel on Camden Street in the heart of the capital, in a €4 million investment.
“Both in the UK and Ireland, accommodation is very much a new thing for us,” Martin told the newspaper.
“it’s gone well so far, with occupancy levels, so it’s a possibility to pursue in other locations.”
Demise of ‘Smaller’ Pubs
Last week it was announced that The Bernard Shaw one of Dublin City’s well-known pubs, is set to close down.
The owners took to social media and said that they tried over the last few months to renew the lease, stay on longer, or buy the place.
Speaking to the Sunday Business Post about the closure of the well-known pub, Martin said: “A tremendous number of pubs closed down in Ireland in the decades before we ever opened our first pub."
“I don’t think we threaten other pubs. Hopefully we add to the rich tapestry and don’t take away from it.
© 2019 Hospitality Ireland – your source for the latest industry news. Article by Donna Ahern. Click subscribe to sign up for the Hospitality Ireland print edition.