Iconic Dublin nightclub rakes in staggering €54,000 a week profit as pre-pandemic boom continues for nightspots

IRELAND’S most famous nightclub is making profits of almost €54,000 a WEEK.

The company that operates Copper Face Jacks has recorded a pre-tax profit of €2.8 million this year, or €53,913 on average every seven days, as it recovers from the pandemic.

Demand for late night dancing and working hours shows no signs of slowing down as revenue of €11.78 million exceeds the €11.6 million raked in in the pre-Covid year .

During the two years of the pandemic, Breanagh Catering recorded a cumulative turnover of €20.7 million when government restrictions shut down the late night entertainment business.

New Breanagh Catering accounts from Cathal and Paula Jackson show nightclub and bar turnover rose to €10.46 million this year, an increase of €457,000 – or 4 .5% – compared to 10,004 million euros in nightclub and bar sales for the year. the previous year.

The Jackson Court Hotel, located on Harcourt Street in Dublin, is home to the nightclub and Breanagh Catering recorded a further €1.32 million in accommodation sales, down slightly from the €1.35 million recorded for 12 months until the end of January 2023.

Last year, the number of employees at the company quadrupled from 137 to 141, while personnel costs rose from 4.18 million euros to 4.57 million euros.

Directors’ remuneration increased from €1.35 million to €1.43 million, comprising remuneration of €289,651 and a contribution of €1.15 million to the Jacksons’ pension pot.

Addressing the risks facing the company, executives say “competitiveness continues to increase in the hospitality and licensed retail sector, while the company’s sales are also exposed to changes in general economic conditions in Ireland.

At the end of last January, the company’s accumulated funds amounted to €15.39 million. The company’s cash flow increased from 8.7 million euros to 8.48 million euros.

Mr Jackson opened Copper Face Jacks in February 1996 and put the business up for sale in March 2019, with industry sources at the time speculating the business could turn over €40 million.

However, staff were informed in a company memo in November 2019 that the business was no longer for sale as Mr Jackson “has decided to remain actively involved in the business”.