Sandra Murphy, who ran The Rising Tide seafood bar and restaurant in Glounthaune, on the eastern outskirts of Cork City, said it was one of the hardest decisions she has ever had to make.
Ms Murphy said she and her family had done everything they could to save the business, but it had been unable to survive the recession.
She announced the closure yesterday, a day after breaking the news to her 20 or so staff. It is understood that a receiver has been appointed to the business.
“It is with a very heavy, sad, and emotional heart that we are announcing that The Rising Tide has closed for business,” said Ms Murphy.
“After over 11 years in business, we had some truly wonderful and memorable moments but unfortunately, we were unable to survive during these difficult economic times.
“We would like to thank our suppliers, our truly wonderful customers and most importantly, the lifeblood of the business — our staff.
“We will sincerely miss each and every one of you.”
The Facebook post was signed by Ms Murphy, and on behalf of her parents, Phil and Ted, who ran the business with her.
Ms Murphy, who has a background in HR management with the Jurys Doyle Hotel Group and Dunnes Stores, and who is a panellist on TV3’s Midday and a columnist with RSVP magazine, took over the business with her family just over a decade ago. The premises is perched on an idyllic riverside location in scenic Glounthaune village.
With Ms Murphy front of house, they developed it over the years into one of the region’s most critically acclaimed dining venues.
Renowned for its award-winning chowder and seafood, it was recommended by the late Paolo Tullio’s Taste of Ireland, Georgina Campbell guides, Lucinda O’Sullivan’s Great Places to Eat, in the Good Food Ireland guide, The Michelin Guide, and by the fisheries development board, BIM.