Monday 20 November 2017

Charlie chawkes up profits of €424,000 at three pubs in his group

Model Nadia Forde and publican Charlie Chawke during a past photocall at the Goat Grill
Model Nadia Forde and publican Charlie Chawke during a past photocall at the Goat Grill

Gordon Deegan

Three of the best performing pubs in the Charlie Chawke pub group enjoyed combined profits of over €420,000 last year.

New accounts filed for three of the businesses in the mainly Dublin-based pub group, the Goat Grill, the Dropping Well and the Oval bar, confirm a buoyant year in 2015.

The accounts for the three firms that operate the pubs show that combined accumulated profits at the firms increased from €5.29m to €5.7m.

In the pub trade for just over 50 years, Mr Chawke, commenting on the upsurge in business last year, said yesterday: "Overall, we are happy with how things are going. Business is okay."

It was outside the Goat Grill bar in 2003 were Mr Chawke lost a leg during an armed robbery. Figures for the firm that operates the pub, Charjon Investments, show that accumulated profits increased by €109,995 to €1.747m last year.

In the 12 months to the end of March last, the firm's cash pile more than tripled from €93,877 to €333,081. The pub employs 48 people with staff costs of €1.72m and this includes directors' pay of €253,577. Separate accounts filed for Mr Chawke's Milltown Inns, which operates the Dropping Well pub, show that accumulated profits increased by €199,923 to €3.1m in the 12 months to the end of May last.

The firm's cash pile more than doubled from €189,130 to €488,755.

Numbers employed at that pub totalled 66 with staff costs topping €1.67m. Directors' pay at Milltown Inns totalled €54,118.

Accounts for Alazwar Ltd, which operates the Oval, show that accumulated profits rose by €114,510 to €859,442. The firm's cash pile in the 12 months to the end of July 31st last increased by €118,629 to €247,416. The firm employs 11 with staff costs of €287,729.

Mr Chawke's group employs around 400 people - in 2005, Mr Chawke was involved in the country's most expensive pub sale when he paid €22m for the Old Orchard Inn and site at Rathfarnham in Dublin.

Irish Independent

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