So, I finally found the property that I wanted to buy. The property that was just perfect for me, the property to end all property, the property that called out to me. Yes, this was it.
For quite some time, I've been in the market for a piece of property that would lend itself to becoming a small theatre. It's been a dream of mine to own and operate a theatre. And Frisco doesn't have a theatre... so I thought I could help them out a bit with that. Not that Frisco even knew they needed a theatre.
And no, not a movie theatre. More like a community playhouse. I have a performing arts background so it's a natural fit.
Anyway, I've been looking and looking and looking. And yesterday... voila!
The property has to be in a good location because 'location location location' is what it's all about. It can't be in a city that no one would come to and it can't be tucked away in a neighborhood where no one would see it. It would be best suited for Preston Road in Frisco. However, land on that main thoroughfaire doesn't come cheap.
BUT... land in Carrollton might come cheaper!
So, here I am, on my lunch hour yesterday, stopping in at the local 'Subway' for my usual "Jarrod Special." That's when I saw it.
Dickey's. Dickey's BBQ. A free standing building that used to be a little BBQ restaurant, that has now been vacant for about six months. And since it hasn't sold/leased in at least six months... the sellers would really be wanting to cut me a deal!
The building is on a main street (Hebron Hwy,) visible from the 121 freeway... a prime location for said theatre. About the size of a fast food restaurant (maybe a little bigger) and not quite big enough for the magnitude of patrons I envisioned, but what the heck, I need to start small. My little theatre can grow.
I drove around and around this building. I sized it up from every corner, every angle. It even had a drive thru window that I had no idea what I would do with... except maybe sell tickets from. I memorized the name of the company selling this prime piece of property and the agent's name and raced back to my office to do some research.
Ebby. Ebby is offering it. Ebby is the real estate office that has now sold me my current home and my townhouse. I like Ebby. Surely they like me, too and would love to cut me a deal.
However, this Ebby was just a bit different. It was "Ebby Select." I looked that up first.
"Ebby Select... We know that selling upscale homes requires a special approach. That’s why we created Ebby Select, a marketing program dedicated to representing the finest homes and properties in the Dallas/Fort Worth Metroplex and North Texas. Homes included in the Ebby Select program are priced at $600,000 and above."
I didn't have a good feeling about this. About this little fast food restaurant/building that I so desired.
I clicked into the Ebby Select website anyway. And there is was. My beautiful little fast-food-turned-community-theatre building. The one in the near perfect location. The one with amazing potential. The one that would advertise itself as 'just moments from downtown Dallas.'
EIGHT HUNDRED NINETY-FIVE THOUSAND DOLLARS. For a fast food restaurant. For a fast food restaurant???
Who in their right mind could pay that? Would pay that? And why?
How on earth could you ever serve enough hamburgers to ever EVER pay off your mortgage?
Now I know why Dickey's went out of business.