Showing posts with label Charlie's for sale. Show all posts
Showing posts with label Charlie's for sale. Show all posts

Monday, October 2, 2017

Charlie's in Forsyth for sale?

Forsyth MO. - With recent information coming to me (Monday, Oct 2, 2017) that Charlie's Steak Ribs and Ale will be closed permanently, the question now becomes just how soon could it be
before some enterprising individual, group of individuals or consortium make a move to snatch up a property at what might be bargain basement prices? The structure, parking lot and location are all good. All it needs is ownership that's willing to make it in a competitive market!

The restaurant which is located at 139 State Hwy Y in Forsyth, MO is just across from City Hall and situated on Hwy 160 - a main artery that will soon see even heavier traffic when the Bull Shoals Bridge project and roundabout is finished in the fall of 2018. 

Update: As of mid July, 2018, the property was still being offered at $850K with leasing terms available.

Sunday, June 4, 2017

When Charlie's is no more!


Forsyth MO. – It's no secret that Charlie's Ribs, Steak and Ale is for sale, and has been for sale, for some time. Struggles for sales being a likely cause for the decision by the owner to sell. The question now is what fate lies ahead for the popular and upscale eatery...

When I asked around as to why Charlie's was experience problems, one answer I heard sounded pretty good. I was told that the owner built 'a Branson sized restaurant in Forsyth'. Yes, I could see that, when compared to other eateries in that town, Charlie's was definitely the king of square footage. And that can be a problem, as the upkeep or overhead can be a little too large when compared to the income stream supported by two thousand or so area residents. In addition, record rainfall early in the year essentially closed down most of the park sites that drew many vacationers and fishermen during the spring and summer months! The loss of revenue was sure to adversely affect many Forsyth-based businesses, not just Charlie's.

So, when the place does sell and I think it will, the question becomes what type of business will it likely be transformed into? I can't it staying as a simple restaurant bar, but perhaps it will morph into some combination of businesses that would stand a better chance of survival....