By Kevin Hogencamp
Bill Farnsworth’s quest to make it big in the Albany business scene is officially over.
Meanwhile, a new business – Ellianos Coffee Co. – is slated to under way in early November.
Employees at Beef O’Brady’s near Darton College on Gillionville Road have been notified that the debt-ridden restaurant owned by Farnsworth will shut its doors permanently on Sunday. Indeed, Farnsworth – whose previous business ventures included the Lee County Beef O’Brady’s, South Georgia Speedway and some Subway restaurants – has taken a job out of state.
Farnsworth, who has not returned The Albany Journal’s recent telephone calls, is now managing a Joe’s Crab Shack in Texas. His path through Albany is similar to that of developer Peter Studl, who moved to town with hopes of making millions, but lost more than he made and ultimately moved away.
The real estate that includes the Beef O’Brady’s at 2610 Gillionville Road was sold last month for $70,000 on the Dougherty County Courthouse steps to Albany businessman Tim Coley. Coley and some partners acquired what is called a tax deed; now, a one-year redemption period is now in effect for the owners to reacquire the property from Coley if they desire.
To reacquire the property, the former owners would have to pay Dougherty County $11,742 in back taxes and fees, and pay Coley $14,000 — 20 percent of the purchase price. Coley also would be refunded $70,000 by Dougherty County.
Citi Small Business Lending and Albany developer Bob Brooks had first and second liens on the property, but opted not to acquire the real estate.
The new Ellianos Coffee Co. near Piggly Wiggly at Westover Boulevard and Meredyth Drive is slated to open in early November, according to the owner, Valdosta businessman Chad May.
May, who owns Ellianos stores in Valdosta, is married to a former Albany resident.
The 510-square-foot building will have a double-sided drive through with no indoor dining. It is expected to employee eight to 12 people.
The Albany Ellianos is the latest venture in a growing chain of stores opened by the 8-year-old Lake City, Fla., based company. The company has eight locations in north Florida and south Georgia, including four in Valdosta. The construction project by Kellerman Construction in Valdosta is estimated to cost $60,000, according to public records.
Ellianos Coffee Company’s mission, according to its Website, “is to thrill customers by swiftly and cheerfully serving them premium quality coffee, espresso beverages, smoothies and more at convenient locations. Ellianos plans a steady growth strategy, and is currently working on adding several more locations within the coming year.”
Ellianos also offers a variety of iced and frozen lattes, fruit smoothies, bagels, muffins, biscotti and breakfast croissants.