Atlanta Restaurants & Food

Jim Stacy discusses selling Avondale Estates restaurant Pallookaville

Portrait of Jim Stacy at Pallookaville Fine Foods in Avondale Estates on Friday, October 11, 2013. HYOSUB SHIN / HSHIN@AJC.COM
Portrait of Jim Stacy at Pallookaville Fine Foods in Avondale Estates on Friday, October 11, 2013. HYOSUB SHIN / HSHIN@AJC.COM
Dec 9, 2015

Corn dog fans with a few hundred thousand dollars lying around -- you're in luck. Jim Stacy, the owner of the popular Avondale Estates spot Pallookaville Fine Foods is looking for a buyer for his two-year-old business, as well as a food truck with the same name and Pallookaville Jr. the takeout location currently under construction in Little Five Points.

According to the real estate listing, the business, which is listed at $575,000, averaged $90,000 per month in gross sales in 2015, along with an additional $65,000 from the food truck.

Stacy -- who has achieved celebrity status through his Cooking Channel show "Offbeat Eats" and the PBS show " as well as appearances on "The Tonight Show with Jay Leno" and "Destination America," said it was his plan, along with wife Kim, to sell Pallookaville after it was established.

"Everything's always for sale," Stacy said. "This was in our business plan from day one. I'm always moving forward, and we'll see what kind of offers we get on it. I've had a varied career, and it isn't varied because I didn't not look for opportunities."

Stacy will keep plenty busy whether or not Pallookaville sells , with several TV and movie projects in the works, along with other restaurant concepts. He's also working on a children's book and a novel.

He acknowledges that Pallookaville is a "pioneer" in Avondale Estates, which was hit hard with the recent closings of The Bishop and Ray's Indian Originals.

"There are still some misconceptions (about Avondale Estates) that'll die hard," he said. "But there's a vibrant community there."

This isn't the first time Stacy has sold a well-known business -- he owned The Downstairs restaurant in Athens and sold his share of the Little Five Points mainstay Star Bar in 2007 .

His ideal buyer for Pallookaville is "someone who appreciates the community and the day-to-day creativity we tried to instill there and someone who has a wonder for history, tradition and an appreciation for someone that's 4 or 99 and can gaze at a place with wonder," he said.

Stacy has agreed to stay on after the sale in a "consulting arrangement if needed by new owner for menu development and or to be spokesperson," according the listing.

"I'll stay on if the buyer wants me to," Stacy said. "It's my baby."

More on Jim Stacy:

'Deep Fried Master' Jim Stacy set to open Pallookaville

Jim Stacy gets 'delicious' new gig

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About the Author

Yvonne Zusel has been with the AJC since 2010. She worked on the digital news and food and dining teams before joining the arts & entertainment team.

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