Coppers for sale
The Jackson court Hotel which incorporates the famous Copper Face Jacks nightclub is on the market for immediate sale by Private Treaty.
26 March 2019 | 0
First established 23 years ago, “Coppers” has become an institution in Dublin’s nightlife and is undoubtedly the most successful late night entertainment venue in Dublin.
Having stepped back from operational matters in recent times
Proprietor Cathal Jackson has now decided to retire.
The hotel and nightclub comprise Nos 28-31 & No 35 Harcourt Street. First opened in 1996 it has been extended several times over the years with Cathal and his wife Paula investing heavily over the years – €4 million in Capex alone since 2013. As a result, the business has been consistently successful and hugely profitable.
The hotel added 10 high quality bedrooms in 2016 and occupancy rates since then have been in the high 80s consistently.
In 2017 new offices were added and the security & sound systems were recently upgraded. Last year the VIP Bar was extended. Overall, the premises are now licenced for well over 1,600 patrons.
Today, The Jackson Court Hotel comprises 36 bedrooms and seven bars which includes a VIP bar and a premium bar on the first floor and three beer gardens.
During the day Harcourt Street is at the heart of Dublin’s central business district and with such a strong, densely populated customer base available on its doorstep, this Harcourt Street hotel has potential to greatly increase its daytime food & beverage presence.
“The intrinsic property value alone of these five buildings in the heart of Harcourt Street in central Dublin underpins the future of this project,” said Dermot Curtin of DC Curtin & Associates, the sole selling agents, “Add to this the exceptional profitability of the current business and the entire combination presents a very enticing opportunity for the market and one that has never been available before.”
The property is in excellent condition but no price has been indicated.
However he did say that “as nothing remotely like this property and business has ever been offered to the market in recent times, there are no comparable sales to measure this opportunity against”.