The Temple Bar raises a glass to year of huge profits

Soaring by almost a third to €2.77m...

Famous Dublin tourist hotspot, the Temple Bar, pulled in €2.77m last year as pre-tax profits soar by 31%.

Booming business at the pub helped its owner, Temple Inns, to increase gross profit by €1.4m to €8.8m for the year.

The Temple Bar was founded in 1840 and has been keeping up with the times, now boasting an online merchandise store, getting visits from the likes of Beyoncé  and scooping awards such as Fáilte Ireland’s 2012 Bar of the Year.

 

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It has been expanding, as well, with a Distillery Store serving rare Irish and Scotch whiskeys opening last September.

Temple Inns’ directors Tom and Jackie Cleary saw their aggregate remuneration climb from €326,819 to €360,819. The company’s cash pile increased from €2.799 to €3.44m.

The Temple Bar’s growing success stands in sharp contrast to the lessening thirst for public houses in Britain.

It was revealed yesterday that in 2015 the UK’s pubs, clubs, hotels and restaurants sold less beer than supermarkets and off-licences for the first time since industry records began.

Of the 7.74 billion pints of beer sold in the UK last year, 51% was sold in the off-trade, dominated by large supermarkets.