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Started By
Message
Anyone have info on the Old Sammy's Location on Highland?
Posted on 2/11/20 at 5:43 pm
Posted on 2/11/20 at 5:43 pm
Wondering how much the spot is going for, I don't see any info online. Not sure why it wasn't just sold as a turnkey business, so does anyone have any info about the availability of the spot?
12
Posted on 2/11/20 at 5:45 pm to Kujo
350,000
Posted on 2/11/20 at 5:46 pm to Kujo
Gonna open a bar called the OT?
Posted on 2/11/20 at 5:49 pm to Kujo
Property owner Bonfanti died.
New guys buy properties and lease it back to Sammy to stay operating.
Sammy has whatever issues he has, can’t pay , new owners shut him down. They now own the property and will most likely wait for suitors to come to them but eventually may wisen up and realize that building needs to be gone.
New guys buy properties and lease it back to Sammy to stay operating.
Sammy has whatever issues he has, can’t pay , new owners shut him down. They now own the property and will most likely wait for suitors to come to them but eventually may wisen up and realize that building needs to be gone.
Posted on 2/11/20 at 5:49 pm to beerJeep
quote:
Gonna open a bar called the OT?
You just blew my mind.
Posted on 2/11/20 at 5:50 pm to PiscesTiger
Just imagine if all the baws invest a grand each.
Posted on 2/11/20 at 5:50 pm to Tigers0891
I think they will lease it out to a few places that fail before tearing it down.
Posted on 2/11/20 at 5:51 pm to Tigers0891
Pretty sure they said they are negotiating with a new tenant already
Posted on 2/11/20 at 5:57 pm to PiscesTiger
quote:
Just imagine if all the baws invest a grand each.
Private TD bar ($350/yr membership fee), with an owners VIP section for anyone who donates a grand or more
Posted on 2/11/20 at 5:57 pm to Kujo
Rent for Sammys on Highland was $25,500/month. I also read yesterday negotiations with a new tenant were underway. Donnie Jarreau has the listing.
Posted on 2/11/20 at 5:58 pm to Kujo
Call Donnie Jarreau he’s reasonable.
Posted on 2/11/20 at 5:59 pm to Kujo
Probably somewhere north of 3.8 because iirc that’s what they paid for it.
Posted on 2/11/20 at 6:01 pm to LSUjefe
quote:
Donnie Jarreau has the listing.
Because he owns the property
Posted on 2/11/20 at 6:01 pm to madamsquirrel
The two names that keep coming up (only rumors) for the Highland location are The Chimes and Parrains. Sammy's used to knock it out of the park at the Highland location (until Jason left and food/service went to crap) so I would imagine there is a fair amount of interest in the location.
Posted on 2/11/20 at 6:12 pm to Kujo
Path forward:
1) Attempt to lease at some highly inflated market price that you believe the place is worth
2) Only manage to lease the place to some upstart with a bad idea and dumb enough business sense to lease a large building just off the corner of Staring/Essen and Highland.
3) Upstart business is likely someone’s dream of owning a bar that caters to “young professionals”, and after 3 months of popularity local cops start patrolling for DWI’s and that business fails. (note: business would have failed anyway 4 months after that due to high lease and low profit on off-nights).
4) Rinse and repeat with some other version of the same idea.
5) Realize that you were dumb for buying that property because it was only profitable if the tenant was Sammy’s, and thus your income was directly tied to their success, which you had no control over.
6) Sell land to developers who intend to redevelop that space as apartments.
7) Local residents have enough political power to stop the Apartment construction and the land sits in limbo for decades.
1) Attempt to lease at some highly inflated market price that you believe the place is worth
2) Only manage to lease the place to some upstart with a bad idea and dumb enough business sense to lease a large building just off the corner of Staring/Essen and Highland.
3) Upstart business is likely someone’s dream of owning a bar that caters to “young professionals”, and after 3 months of popularity local cops start patrolling for DWI’s and that business fails. (note: business would have failed anyway 4 months after that due to high lease and low profit on off-nights).
4) Rinse and repeat with some other version of the same idea.
5) Realize that you were dumb for buying that property because it was only profitable if the tenant was Sammy’s, and thus your income was directly tied to their success, which you had no control over.
6) Sell land to developers who intend to redevelop that space as apartments.
7) Local residents have enough political power to stop the Apartment construction and the land sits in limbo for decades.
Posted on 2/11/20 at 6:28 pm to Kujo
I have no doubt there are cats with deep pockets jockeying for this building currently.
Posted on 2/11/20 at 6:42 pm to Kujo
Heard rumor that the owners of the Francis in St Francisville were going to open something there.
Posted on 2/11/20 at 6:44 pm to Kujo
Buy the one on Airline in Prairieville. They quit paying rent.
Posted on 2/11/20 at 7:05 pm to Kujo
OT lounge with several different dining areas:
GERMANS ROOM...enjoy fine Frankfurt dining while watching news stories on flat screen TVs that already happened.
BAW ROOM...burgers and ribs and arm-wrestling tourneys every Friday night. Also Tuesday nights are Chili Cheese Steak fries nights with all of the Old Milwaukee you can drink.
The S and Paul Allen Exquisite Room...200 dollar cover and enjoy chef's choices with 3 appetizers and an entree and 5 free premium cocktails. Enjoy Braised Quail or Pacific Octopus while drinking MacAllan 25. Escargot and lobster always.
The Sonic Room...Ed Hardy meets new school plant baw with fist fight contests and tater tot buffets.
The Soccer Board Room...Men Only. Listen to the latest trance and house music and have 1 free Apple Martini.
GERMANS ROOM...enjoy fine Frankfurt dining while watching news stories on flat screen TVs that already happened.
BAW ROOM...burgers and ribs and arm-wrestling tourneys every Friday night. Also Tuesday nights are Chili Cheese Steak fries nights with all of the Old Milwaukee you can drink.
The S and Paul Allen Exquisite Room...200 dollar cover and enjoy chef's choices with 3 appetizers and an entree and 5 free premium cocktails. Enjoy Braised Quail or Pacific Octopus while drinking MacAllan 25. Escargot and lobster always.
The Sonic Room...Ed Hardy meets new school plant baw with fist fight contests and tater tot buffets.
The Soccer Board Room...Men Only. Listen to the latest trance and house music and have 1 free Apple Martini.
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