Black business owner refuses to sell out. Turned down 3 million dollar offer

ReturnOfJudah

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Despite concerns from longtime patrons, Sam’s Bar-B-Que on E. 12th remains open for business. The news comes as a relief to many because this iconic spot has been serving the Eastside, and the rest of Austin, homestyle barbecue for more than six decades.

Still, current owner Brian Mays, who inherited the restaurant from his father, Dan, warned the Chronicle this week that while he is committed to keeping Sam’s Bar-B-Que open, he’s also fielding increasingly rich offers on the highly coveted 12th Street lot. In fact, Mays explains that developers recently offered him $3 million so they could demolish it and put an apartment building topped with condos on the site.

The outside wall of the small white building features a painted bust of Martin Luther King Jr.; the inside houses the brick pit, seasoned for decades, where they slow-smoke meats from beef to mutton. Sam Campbell opened his eponymous restaurant in 1957, and when he died in 1976, the Mays family took over, maintaining the focus on good food and good community ever since.

It’s that very sense of community that keeps the doors of Sam’s Bar-B-Que open. Mays says a major reason he turns down the offers is because people in the neighborhood plead with him to stay open. Sam’s is a stalwart in a rapidly changing area where many beloved black-owned businesses have already closed. But with developers from Dallas to California regularly calling Mays, it’s not much of a stretch to imagine another offer coming along in the near future. And next time, it might simply be one that’s too good to pass up.

“I just turned down $3 million for the community,” Mays said. “I told them, ‘I don’t mind staying, but I turned down $3 million. I need support now.’ I’m going to be here, but y’all have got to support me now.”
 

Rekkapryde

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TYRONE GA!
Maybe he can stay....figure out a way to keep his restaurant on the bottom level while they build the condo on top of him in the new building. He pays ZERO rent/charges while they upgrade and maybe even let him keep a food truck or something when they do need to tear it down to finish the construction?

EVERYONE has a price and America is a capitalistic country. In this case HE OWNS, so he won't get screwed like so many others if they finally give him an offer he can't refuse.
 

BucciMane

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The Real Titletown
How do y’all say shyt like this

It's crazy when people say shyt like that without knowing what kind of money the business is making. He stated that he needs the support of the community, which means he'll need them to keep coming to really stay in business. I don't know anything about this place, but it'd be hard to blame him for taking that amount of money. I'm sure he could find another lot as well and have his business there is he wants too. Hell, he could probably take the $3mil+ offer and have those developers pay for his new location and rent.:manny:.
 
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Breh if that land is that valuable that they want him off it, it’s probably worth a lot more than what they offered him. Especially if his biz is thriving. That’s my point.

Developers normally offer market value the majority of the time... :manny: But he turned down 3... hopefully he knows he can get 4
 
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