Business Irish

Monday 19 February 2018

Dunne's gym chain stays in great shape

Businessman Ben Dunne
Businessman Ben Dunne

Gordon Deegan

Businessman, Ben Dunne said yesterday that he expects his expanding gym business to record revenues of over €10.3m in the current year.

Mr Dunne was commenting on new accounts for his network of gyms and said that they had enjoyed combined revenues of €9m in the 12 months to the end of May last.

The outspoken businessman said that the operating profit for the business for the 12 months to the end of last May totalled €3.2m with a net profit of €1.4m.

Mr Dunne said that in the current year, the business will have operating profits of €4m.

Mr Dunne said that the business has plans to have 20 gyms open, stating that he has already ploughed €15m of his money into the business.

He said that the investment is now paying off.

New accounts for one of Mr Dunne's gym firms, Barkisland (Developments) show that Mr Dunne has over the years ploughed €2.8m into that firm and the firm was able to repay €550,423 of those monies owed last year.

The Barkisland accounts show that last year Dunne's Westpoint Fitness and Health recorded profits of €233,785, with Carlisle Health and Fitness Club recording profits of €499,201 while Santry Health and Fitness Club recorded profits of €364,228.

Mr Dunne said that his gyms have 50,000 members.

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