Rugby stars’ pub scores €313,000 profit
A PRIME Dublin pub owned by rugby stars Jamie Heaslip and Rob Kearney (pictured), Dave Kearney and Sean O’Brien, made a €313,000 profit in its last financial year.
The Bridge 1859 was acquired by the players and publican Noel Anderson in 2014 for €1.3m.
The Ballsbridge pub, which is just a short distance from Lansdowne Road, has increased its profits for the past number of years. In the previous financial year, it had made a €288,000 profit.
The pub’s success also saw the owners buy a neighbouring restaurant and extend the pub into it to create a large seating area. The Bridge 1959 employs about 30 people. The consortium also own a second pub in Dublin, the Lemon & Duke, which is situated close to Grafton Street.
The company behind The Bridge 1859 had €923,000 in outstanding loans and overdrafts at the end of last February, down from just over €1m a year earlier. It has secured its financing from Bank of Ireland.
Mr Anderson is the majority shareholder in the company behind the pub along with the rugby players.
Last year, he described The Bridge 1859 as the “gift that keeps on giving”.