Profits at 'highest pub' Johnny Fox's hit a record €334,916
Published 19/03/2013 | 05:00
PROFITS at one of the best-known pubs in the country, Johnny Fox's in the Dublin mountains, scaled new heights last year to a record €334,916.
Revenues at "the highest pub in Ireland" increased by 10pc in the year ending March 2012.
Pub owner Tony McMahon said: "Business went very well last year here and we expect a 20pc increase this year with The Gathering. We are very happy with how the business is going."
Revenues hit €4.18m from €3.81m recorded 12 months previously. Net profits increased by €386,110 on a loss of €51,194 recorded by the pub in 2011.
Mr McMahon says the pub has provided hospitality to seven heads of state and six prime ministers, along with celebrities including Brad Pitt and Angelina Jolie.
The publican – who has owned the business for the past 26 years – said author and former Beirut hostage Brian Keenan enjoyed his first pint in Ireland at Johnny Fox's after his release.
The pub employs 82 staff and stages musical entertainment every night.
Mr McMahon said: "We are booked out most nights. We are bucking the trend of how rural pubs are doing at the moment."
According to Mr McMahon, there are only 420 people living within a radius of 2.5 miles of the pub.
Mr McMahon says the pub is successful by being "totally different" to other pubs. One such difference is that the business doesn't show sports.
Staff costs increased by 4pc from €1.47m to €1.54m, with directors' remuneration decreasing marginally from €112,971 to €111,000.