Jim Stacy Puts Palookaville Up For Sale
Decatur Metro | December 9, 2015 | 10:55 amThere’s a new post on the Schumacher Real Estate Brokers website announcing that Avondale’s popular Palookaville restaurant is up for sale. The post describes the sale as “an incredible opportunity to jump onboard on a train leaving the station to endless growth opportunities.”
It even details celebrity-owner Jim Stacy’s reasons for selling…
Celebrity Owner and reality TV Star who has appeared on the Tonight Show with Jay Leno, Food Network, Cooking Channel and Discovery Network is moving onto another project but will stay on during transition period with extensive training.
The post notes that the restaurant “did $1,500,000 with owners pulling out almost $100,000 with zero effort after paying full staff and all expenses” in 2014 and gross sales in 2015 have been $90,000 a month. The sale also includes the Palookaville food truck and “Unit 2”, the takeout location currently under-construction in Little Five Points.
Importantly, the post notes that Mr. Stacy “will stay on in a consulting arrangement if needed by new owner for menu development and or to be spokesperson.”
All this can be yours for $575,000.
Photo courtesy of Schumacher