Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Rathfarnham shopping center

  • 29-11-2019 2:29am
    #1
    janja
    Registered Users, Registered Users 2 Posts: 412 ✭✭


    With the announcement that Pennys is to close its doors in February , just saw today that the newsagents Paper Lane are having a closing down sale. Sad to see after all these years.


Comments

  • #2
    tabbey
    Registered Users, Registered Users 2 Posts: 1,943 ✭✭✭tabbey


    Is the site being redeveloped?


  • #3
    ED E
    Registered Users, Registered Users 2 Posts: 36,170 ✭✭✭✭ED E


    Tesco had a recent enough touch up and the hoarding and stuff was improved. Im sure itll get another anchor tenant but Tesco won't want it to be Aldi/Lidl.


  • #4
    silver2020
    Registered Users, Registered Users 2 Posts: 2,045 ✭✭✭silver2020


    janja wrote: »
    With the announcement that Pennys is to close its doors in February , just saw today that the newsagents Paper Lane are having a closing down sale. Sad to see after all these years.

    possibly simple retirement?

    Many of the stores have been in operation since the 70's and are small independents.

    The store is for sale as a going concern for €110,000 and seems to eb profitable - hence probable retirement
    https://www.owenscommercial.ie/property/paperlaneunit-10a-rathfarnham-shopping-centre-dublin-14/


  • #5
    L1011
    Registered Users, Registered Users 2 Posts: 71,113 ✭✭✭✭L1011


    1.4m is a decent turnover for a unit like that.


  • #6
    seamus
    Registered Users, Registered Users 2 Posts: 68,317 ✭✭✭✭seamus


    L1011 wrote: »
    1.4m is a decent turnover for a unit like that.
    What's the typical margin on stuff in a newsagents though? Once you've paid rent & rates and a full-time staff member, you're down €100k. That's before you've paid services or insurance and taken your own earnings out of it. You'd want a minimum margin of 15% just to break even.

    Sounds like a good honest living tbh, but hard work. Fair play to the existing owners, can't have been easy with Tesco right next door. That's a retirement well-earned.


  • Advertisement
Advertisement