Thursday February 27, 2020

Restaurateurs struggling to meet rising rental costs

Landlords demanding key money to open restaurants

Gillian Nelis

Managing Editor

@gnelis
4th September, 2016
6
Kate Lawlor, chef and proprietor of No 5 Fenns Quay, Cork Picture: Miki Barlok

On paper, Kate Lawlor should be enjoying a good living from her Cork restaurant. The chef opened Fenn’s Quay in 2008, and having survived the recession, has seen business pick up noticeably over the past 18 months.

But every month, €2,000 leaves her bank account to go towards repaying the €200,000 key money she had to hand over to secure the premises.

“I signed the lease in June 2008, just before the market crashed. I...

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