Dundons dish up rise in hotel profits
Published 16/12/2015 | 02:30
Celebrity TV chef Kevin Dundon and his wife, Catherine, have sold their Dunbrody Country House and restaurant for €2.1m to the firm that operates the house hotel.
The sale is disclosed in new accounts filed by the Dundons' Dunbrody House Hotel firm which show that last year was a bumper one for the business with profits increasing from €27,331 to €160,660. The Dundons completed the sale of their hotel to the firm that operates the hotel, and which they also control, Marriott Park Ltd.
However, the Dundons have not received all of the money as €1.2m has been converted into a mortgage by their company, Marriott Park Ltd, and is owed to the Dundons.
In addition, Mr Dundon provided a loan of €599,886 to the business during last year and was owed that amount at the end of the year.
At peak season, around 50 people are employed at the award-winning Dunbrody House and Restaurant and staff costs at the business last year increased from €831,313 to €959,075.
Underlining the increased business at the firm last year, the numbers employed increased from 38 to 46.
Mr Dundon - who has cooked for Queen Elizabeth II and Bono in the past - also operates a cookery school at Dunbrody Country House in Co Wexford.
A one-day cookery course costs €175 with a two day course costing €325 while a five-day masterclass course costs €695. Remuneration for the two Dundons last year stood at €66,560. The firm had shareholder funds last year of €143,001.