Box’d Coffee’s Revenue Plunge Despite Goat Bar’s Growth
Charlie Chawke’s Box’d Coffee, situated outside his Goat Bar and Grill in Goatstown, has seen revenues of €478,191 over the past two years. Financial records from Charjon Investments Ltd, the company’s operator, reveal a profit of €51,771 in the 12 months ending March 2024.
Revenue Decline and Employment Growth
The company’s revenue decreased by 2% from €4.5 million to €4.42 million last year. Goat Bar and Grill’s revenues, however, saw a slight increase from €4.2 million to €4.24 million. Conversely, Box’d Coffee’s revenue dropped sharply, almost halving from €300,734 to €177,457.
The number of employees at Charjon Investments increased by two to 78, with staff costs rising to €2.06 million. Accumulated profits reached €2.96 million.
A Planning Battle that Shook the Community
Chawke established Box’d Coffee during the pandemic, aiming to provide additional services and employment opportunities. However, last year, he faced a setback when his planning application failed to secure retention for the establishment. An Bord Pleanála denied permission for the outdoor café set up in a repurposed shipping container and other elements outside the pub.
This decision was echoed by Dún Laoghaire–Rathdown Co Council, which believed the cumulative effect of the development would create a disorderly streetscape and negatively impact the neighborhood.
New Hope on the Horizon?
Despite the setback, Chawke is not deterred. He is preparing to submit a new planning application for the repurposed shipping container. Chawke has expressed his desire to continue offering services and employment, hoping that the new application will be more successful.
The January 2024 decision from the planning board was divided, with Apres Ski and Fired Up Pizza’s applications receiving approval. The council argued that these structures add to the vibrancy of the area, especially given the temporary nature of many such developments in the aftermath of the pandemic.
Opposition and Concerns
However, there are concerns from some residents. Circle K Ireland, for example, argued that the development would negatively impact the visual appeal of the area and contribute to increased noise levels. They do not believe that the pandemic justifies the continued use of such structures.
The Financial Impact
While the decline in Box’d Coffee’s revenue has affected the business, the overall financial health of Charjon Investments remains strong. The firm continues to generate a solid profit, indicating that other ventures, notably Goat Bar and Grill, are contributing positively to the bottom line.
Conclusion
The ongoing battle over Box’d Coffee highlights the challenges small businesses face in securing long-term use of repurposed spaces in residential areas. Despite the setback, Chawke’s determination reflects the entrepreneurial spirit that drives businesses in communities like Goatstown.