Publican Dolan leads bid to buy Coppers
Bar and nightclub owner Colin Dolan is leading the bid to acquire Dublin's iconic Copper Face Jack's pub, the Sunday Independent understands.
Dolan, a nephew of late showband star Joe Dolan, is being backed by Alan McIntosh's Emerald Investment Partners.
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Neither Dolan nor Emerald would make a comment on the matter.
Dolan runs Cassidy's pubs in Dublin as well as a number of locations in his native Mullingar, Co Westmeath. He also used to co-own Flannery's Pub and Camden Street in Dublin city centre.
The Harcourt Street venue has become a staple of Dublin's nightlife scene with author Ross O'Carroll Kelly even writing a musical about it. It is known as a popular haunt for GAA fans from all over the country.
The price the club is likely to fetch is not yet known, however it has been placed on the market at a price of around €40m.
Current owners Cathal and Paula Jackson put the hotel and the club up for sale last year "after many successful years in the business".
"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," Cathal Jackson said at the time.
Breanagh Catering, the company behind Coppers and the Jackson Court Hotel, made a profit of €3.5m in its 2018 financial year, according to its most recent accounts. That compared with 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 is attached to the 36-bedroom Jackson Court Hotel.
Supermac's founder Pat McDonagh had also expressed an interest in buying the famous venue, saying it had a "special place in a lot of relationships".
McIntosh previously founded one of the UK's biggest pub chains, Punch. His Emerald Investment group also went on to form Cairn Homes, one of the country's largest homebuilders.
Sunday Indo Business