Ireland’s only two Michelin star restaurant, Restaurant Patrick Guilbaud, has recorded record profits of over €520,000 for the year ending 2018.
Newly released accounts for Becklock Ltd show that post tax profits for the company rose by 34%, from €390,840 to €524,952, in the 12 months to the end of August 2018.
Accumulated profits at the business now stand at €1.69m, while its cash pile is now €1.17m. Around 40 staff are on the books, including 14 in the kitchen, and salaries amounted to €1.43m in 2018. Directors’ pay came in at €488,338 while pension contributions totalled €104,808.
Having weathered the recession, the celebrated Dublin restaurant has now recorded five record breaking years – 2014, 2015, 2016, 2017 and now 2018.
In mid 2016, the restaurant closed for several months for a major refurbishment, finally reopening in November of that year.
The 21 seater restaurant has held two stars since 1996, and it has long been a dream for Patrick Guilbaud and his team to secure a third star.