Tuesday, December 13, 2016

Will You Be A "Star" in 2017? Star Community Bar For Sale

Landmark bar for sale.

The Star Community Bar, a Little 5 Points mainstay since 1991, is currently for sale.  The bar, often referred to simply as "Star Bar," is located near the intersection of Euclid and Moreland Avenues in the heart of Little 5 Points.  The sales listing, indicates the business is for sale for $425,000, with some owner financing.  

The Star Community Bar is nearly 6,000 square feet, spanning two concepts in fact: Star Community Bar and The Little Vinyl Lounge.  

The Star Community Bar features Monday Night Comedy weekly, Downtown Tuesday Dance Party every Tuesday, Live Band Cowboy Karaoke Wednesdays, and live music Thursday through Sunday. 

The Little Vinyl Lounge is the smaller, more cozy, non-smoking performance space featuring a baby grand piano and solo, duo and trio acts.  The venue features Monday Night Songwriter Showcase,  Wednesday Night Rock N' Roll Trivia,  Thursday, Friday and Saturday DJs, and live shows. 

The addition of the Little Vinyl Lounge a few years ago added more space for events but took away the bar's kitchen.  The sales listing indicates that overall capacity could be increased if/when new owner(s) opt to add back the kitchen.  Early estimates are that replacing the kitchen would cost around $30,000 as the hood vent and hookups still exist. 

The opportunity to own such a well known and profitable bar in an intown neighborhood of Atlanta does not come along often.  

Famous Pub, a longstanding Toco Hills watering hole, which I recently announced will close in the coming days is doing just that: closing.  Smith's Olde Bar, another popular bar and entertainment venue, saw its landlord change last year (now a Selig Enterprises property), but was never for sale itself.  

I'm told that the current owners of Star Community Bar prefer to sell it to an owner or group who would maintain it rather than drastically change it.  

The current owners are paying $7,500/month in rent. The bar is currently signed to a five year lease which expires September 2017 with Star Bar owners guaranteed "first right of renewal."

Who would you like to see purchase Star Community Bar?  What is your favorite memory of Star Community Bar? Would you like to see food added back to the menu at Star Community Bar? 

Please share your thoughts below 

1 comment:

jeff a. taylor said...

There's no point in adding back a kitchen if you your main space will remain an ashtray. Plus I bet that rent will be $8.5K minimum with a new lease. Maybe someone can make all that work, but it would be a bear