Heaslip eatery set to ‘substantially’ grow profit

The Dublin restaurant group that Irish rugby international, Jamie Heaslip, has an interest in is expecting to increase profits "substantially" this year.

Heaslip eatery set to ‘substantially’ grow profit

The Jo Burger group operates six restaurants in Dublin: three Jo’Burger outlets, Crackbird, Skinflint, with Irish and Leinster player Jamie Heaslip having a share in the group’s Bear restaurant.

Company director John Roberts said yesterday the recovery in the economy is beginning to filter through to the group “and the last 12 weeks have been really good”.

Mr Roberts said Jamie Heaslip “takes a great interest” in the fortunes of Bear restaurant.

“Jamie is a very busy man, but he is very interested in what is going on at Bear.”

Mr Roberts said he expects group revenues to increase by 20% this year, driven in part by the recent opening of a new Jo Burger restaurant at Smithfield.

The business started out employing 13 and now employs 106. Mr Roberts said: “To increase employment numbers and revenue by 800% in a recession is quite an achievement.

“It has been foot to the floor for a few years and we are very proud of what has been done.”

Mr Roberts said: “We started out as green-eyed optimists, but it has been a hard road to get to where we are now. We are now in a good position and have a platform in place for sustainable growth.”

The businessman was yesterday commenting on accounts recently filed by Jo Burger Ltd to the Companies Office that show that the firm recorded a profit of €53,554 in the 12 months to the end of December 2013 as accumulated losses reduced from €159,707 to €106,153.

The firm’s cash pile during 2013 increased from €74,442 to €76,711.

The three Jo Burgers account for between 50% to 55% of revenues.

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