Do you have a spare €40m? Famous Dublin nightclub Copper Face Jacks up for sale
Iconic Dublin night club Copper Face Jacks is up for sale.
Owner Cathal Jackson is selling the “Coppers” premises and the Jackson Court Hotel to which it is attached.
It’s believed the combined property could fetch more than €40m.
"Over the past 23 years I have been totally committed to setting up and establishing Copper Face Jacks as one of the most enduring and successful entertainment venues in Ireland," Mr Jackson said.
"It is now time to hand over the reins to new owners who have the energy and the expertise to take Coppers to the next level."
Coppers is probably the country’s best known nightclub and has been a rite of passage for young clubbers for decades.
Ross O’Carroll Kelly creator Paul Howard has written a musical about it, while in 2011 Dublin’s All-Ireland football winning captain Bryan Cullen told the Croke Park crowd: "See you all in Coppers".
The sale is being handled by estate agent Dermot Curtin. He said it was a "once in a generation" opportunity.
"The intrinsic property value alone of these 5 buildings in the heart of Harcourt Street in central Dublin underpins the future of this project," Mr Curtin said.
"The property is in excellent condition, has been very successful and profitable since it opened and with the present owners stepping aside, the sale presents a very unique opportunity to take the Jackson Court Hotel and Copper Face Jacks Night Club on to even greater success over the next 25 years".
The sale takes place at a time of change on the Dublin nightclub landscape.
A number of famous Dublin venues have closed their doors in recent times, including The Wright Venue in Swords, Lillie’s Bordello off Grafton St, and Club 92 in Leopardstown.
Breanagh Catering, the company behind Coppers and the Jackson Court, made a profit of €3.5m in its 2018 financial year, according to its most recent accounts. That compared to a profit of €4.4m in 2017, and €4.3m in 2016.
It had accumulated profits of more than €75m over the years, and a cash pile of €63m.
The sprawling venue, where nights often finish with Amhran na bhFiann being played in true Irish nightclub tradition, is attached to the 36-bedroom Jackson Court Hotel.
The marketing documentation for the property also touts its potential to target daytime footfall for food and beverage offerings.