€2m profit 'not too bad', says top publican
ONE of the best known publicans in the country said his businesses posted pre-tax profits of more than €2m last year, as his bars capitalised on a host of major sporting events.
Charlie Chawke, said his firms posted sales of more than €20m in 2012.
"Our bars are sporting emporiums. Monday night or midweek soccer would have been very busy four or five years ago, but that business has dropped back considerably", and that has been replaced by events such as rugby's Heineken Cup.
Mr Chawke was speaking as accounts filed by two of his companies showed an increase in accumulated profits, while another saw cumulative profits fall.
Accumulated profits at Milltown Inns Ltd, which operates the Dropping Well pub in south Dublin, increased from €2.43m to €2.56m, while College Inn Ltd – operator of the "Bank" pub in central Dublin saw accumulated profits rise close to a third to €259,725.
Separate accounts for Alazwar Ltd which operates the Oval Bar in the capital show a decline in accumulated profits to €665,100.
Along with his Dublin stable of pubs, Mr Chawke operates two pubs in his native Limerick.
Mr Chawke said that the Euro 2012 soccer championship was bad for business.
"Ireland finished last, the performances were poor and that showed in our turnover as people didn't come out to the pubs to watch the games," he said.
Despite that, Mr Chawke – who lost a leg during an armed robbery at the Goat Grill in 2003 – claimed he was happy with how his pub business performed last year.
Mr Chawke's group employs over 400 people. He described the €2m profits last year as "not too bad".