Rugby stars’ pub scores €313,000 profit

Irish Independent - Business Week - - FRONT PAGE - John Mul­li­gan

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”.

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