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Published on : Wednesday, July 12, 2017
The Licensed Vintners Association (LVA) said that one of the most iconic pubs of Dublin, the Temple Bar has emerged as the most profitable, raising pre-tax profits amounting to €3.2 million last year marking an increase of as much as 19%.
The CEO of LVA, Donal O’Keefe said that this region that represents the ‘heart of Dublin city’ is benefitting quite a lot from the massive economic recovery over the last few years. Temple Bar has won several awards in the past.
And, it is a marvellous and favored haven for tourists all through the year.
Furthermore, it also possesses its very own merchandise shop adjacent to the pub selling many luxurious Irish brands. Mr. O’ Keefe said that tourist pubs have been doing exceedingly well ever since the recovery and the late night pubs also have been witnessing a steady growth of late.
Thus pub of Dublin has started recording huge profits as compared with a few of its greatest rivals.
For instance, last year the likes of Goat Grill, the Dropping Well and the Bank had registered combined profits amounting to €780,884 last year. It was quite a bumper year for Temple Inn Limited and its gross profit had escalated by 17% in the 12 months to the end of October last.
In the recent years, this Dublin pub has witnessed a generous amount of expansion and in the year 2015 they had added a brand new distillery store serving Scottish, Irish and rare whiskeys.