Business For Sale In Lafayette La – The New Orleans-based restaurant company, which opened in Lafayette in 2016, is asking $2.15 million for the 12,000-square-foot, two-story property at 201 Jefferson St., which will include a bar, restaurant and entertainment space. .
CEO Paul Tunerman said the company is evaluating its options and trying to raise capital to grow the business. One option is to close the restaurant if the building is sold, but another option is to franchise the restaurant to a new owner and keep it open.
Business For Sale In Lafayette La
He said that the construction industry and trade are separate entities. The restaurant occupies 25% of the building’s area.
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He did not say whether the business was in trouble, but emphasized that closing the restaurant was only one option. He said there is no time limit on the sale of the building.
“We’ve invested a lot in the city of Lafayette and we don’t want to continue,” he said. “We’re not focused on getting the building for sale. We’re moving forward in Lafayette as we are with all of our restaurants.”
The building has been visible on the Latter & Bloom website for 22 days. According to land records, Dat Dog bought the building in January 2016 for $525,000.
The building is located directly behind the eastern entrance to the city center, and is easy to spot thanks to its bright colors. According to the listing, the partially unfinished brick second floor can be used for short-term rental or work space.
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“Downtown has a lot going on these days,” says Tunerman. “We’re very excited about the future of downtown. This building has a lot of potential for a lot of tenants. Dat Dog can continue to be one of them.”
In 2017, company CEO Bill DePaul told The Advocate that the Lafayette location was “thriving and successful. We are so glad we chose Lafayette; That’s the best I can say.
Dat Dog, the popular New Orleans hot dog shop with three locations, has opened a store in Lafayette after the owners searched for the property for months, according to published reports. The company is looking for locations to expand and has announced plans to expand to Baton Rouge, Hattiesburg, Mississippi, and select markets in Texas.
Dat Dog founder and owner Constantine Georges is the brother of John Georges, owner of The Advocate.
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Dat Dog Puts Downtown Building Up For Sale At $2.15 Million
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Highly profitable plumbing business for sale in the Houma-Thibodeaux metro area in South Louisiana. This home business… just a few clicks Browse Latter & Bloom’s commercial properties for retail, office, industrial, lots for sale, multi-family, household and investment properties. It provides the most complete information about each asset, including photos, asset details and broker contact information. Browse commercial real estate in Lafayette, LA using the links below. Find other real estate in Louisiana.
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