on a 4.50 per pint there was a 200% profit for publican,
Did the breakdown show how much of the cost of a pint was going to Insurance, Paying Staff, Rates, etc. etc?
I'm not an accountant, and I have no love for publicans, but when newspapers start throwing around figures like 200% *profit* without explaining that it isn't actually profit until the expenses are paid, it doesn't help the situation.
I'm not saying there isn't overcharging, certainly paying 4 to 5 euro for EACH pint of Coke in Bars and Restaurants, while US Restaurants and many Bars offer free refils, I do think there's something going on with the price of Soft Drinks, which is all I really have experience of.
I'm just not sure if it's greed or some other factors that are driving it. I'd have thought that US bar owners would have been as greedy as the Irish, and it certainly can't be lack of competition, there are villages in Ireland with more Pubs than people.
Methinks rent, insurance, rates, and wages are driving up the prices in Irish Pubs, but I have very little to prove me right or wrong.
-Rd