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Rathfarnham shopping center

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  • 29-11-2019 3:29am
    #1
    janja
    Registered Users 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.


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


    Is the site being redeveloped?


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    #3
    ED E
    Registered Users Posts: 36,167 ✭✭✭✭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.


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    #4
    silver2020
    Registered Users 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/


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    #5
    L1011
    Registered Users Posts: 68,793 ✭✭✭✭L1011


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


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    #6
    seamus
    Registered Users 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.


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