Monday, August 6, 2012

Juanita's could be yours for a quarter of a million

Posted By on Mon, Aug 6, 2012 at 4:45 PM

Joe Cates Juanitas image

An inveterate Craigslist scourer on staff points us to a posting in the for-sale category for "World Famous Restaurant & Bar - $250000." That'd be Juanita's, which co-owners Joe Cates and Jim O'Brien purchased in Aug. 2010 and moved to the River Market in May 2011.

"It's like trying to grab a tiger by the tail," Cates said of the business. "It’s a restaurant and bar. We have to open up at 8 a.m. and close at 2 a.m."

Cates, an account executive at Clear Channel, said the grind had become too much for him and O'Brien, who runs several franchises of Larry's Pizza.

Cates said he placed the ad on Craigslist to see who would "bite."

Selling doesn't have anything to do with the fortunes of the business, he said. "It's a good cash-flow business. If I can’t get the right amount of cash for it, I’ll keep it and keep making money on it. I’m not going to give it away."

He said the Craigslist posting had already sparked 10 calls of interested parties.

Tags: , , ,

From the ArkTimes store

Favorite

Comments

Subscribe to this thread:

Add a comment

More by Lindsey Millar

  • You're doing your 401(k) wrong

    Hundreds of thousands of retirement dollars could be at stake.
    • Jun 22, 2017
  • The No Insight From Dr. No Edition

    A hot car death and Heath Department recommendations, the health care overhaul bill being negotiated in secret in the U.S. Senate, a federal court verdict in a police violence case and more — discussed on this week's podcast.
    • Jun 16, 2017
  • The Nobody Tells Mark Martin What To Do Edition

    Jim Comey and Tom Cotton, dirt dredged up by the Arkansas Legislative Audit, a new thoroughly depressing poll from the University of Arkansas and the dismissal of a lawsuit against the city of Sherwood and others over a hot check court plaintiffs described as a "debtors" prison — all covered on this week's podcast.
    • Jun 9, 2017
  • More »

Readers also liked…

  • A sneak preview of Fourquarter Bar in Argenta

    A look at Fourquarter Bar in Argenta, brought to you by the folks behind Midtown Billiards. Beer, barbecue and killer cocktails abound!
    • Feb 23, 2016
  • Coming Monday: Little Rock Black Restaurant Week

    MoTown Monday is Ceci's Chicken and Waffles. Tasty Tuesday is Sims BBQ and Brewster's Soul Food Cafe. Wing Wednesday is Chicken King and Chicken Wangs. Soul Food Thursday is Lindsey's BBQ and Hospitality House and Food Truck Festival Friday is @station801. It's the first Black Restaurant Week.
    • Mar 8, 2017

Most Shared

  • Hutchinson lobbyist moves to Teacher Retirement System

    Rett Hatcher, director of legislative affairs for Gov. Asa Hutchinson, has left the governor's staff to go to work Wednesday as deputy director of the Arkansas Teacher Retirement System.
  • Obamascare

    Republicans at long last may be about to see their most fervent wishes and wildest predictions materialize — millions of people losing their medical and hospital coverage, unaffordable insurance, lost jobs, a Medicare financial crisis, mushrooming federal budget deficits and fiscal crises across state governments.
  • Megyn vs. Alex

    As vigorously hyped broadcast events go, Megyn Kelly's televised confrontation with internet conspiracy cultist Alex Jones proved something of a dud.
  • Monkey wrenches

    Junior is 17 now, and shows no interest in driving, or even taking the driving test. It's got his Old Man a little concerned, and not just because we're running a car service for one these days.

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation