Whoever buys it they will have to sell a lot of King creoles to pay that back.
>KC’s turnover is not disclosed in the sale prospectus, issued by selling agent Gerard O’Callaghan of ERA Downey McCarthy who had been tasked to offer the highly branded business off-market, nor is the price tag disclosed there.
>However, well-placed sources familiar with the offer confirm the price expectation of €2m, and say the turnover is on a similar scale, over €2m pa, or c €40,000 a week.
Christ, €2m! That’s bananas!
The KCs brand would be very valuable to certain operators. Dinos and Hillbillies have both expanded to plenty of locations.
The right person to take it on and expand it beyond Cork and include markets and concerts etc. would do well from it.
Jaysus please don’t ruin KC’s I couldn’t take it..
5 comments
Whoever buys it they will have to sell a lot of King creoles to pay that back.
>KC’s turnover is not disclosed in the sale prospectus, issued by selling agent Gerard O’Callaghan of ERA Downey McCarthy who had been tasked to offer the highly branded business off-market, nor is the price tag disclosed there.
>However, well-placed sources familiar with the offer confirm the price expectation of €2m, and say the turnover is on a similar scale, over €2m pa, or c €40,000 a week.
Christ, €2m! That’s bananas!
The KCs brand would be very valuable to certain operators. Dinos and Hillbillies have both expanded to plenty of locations.
The right person to take it on and expand it beyond Cork and include markets and concerts etc. would do well from it.
Jaysus please don’t ruin KC’s I couldn’t take it..