Back on the block: Former Jack of Hearts restaurant in Weaverville for sale

Jason Sandford March 19, 2014

Jason Sandford

Jason Sandford is a reporter, writer, blogger and photographer interested in all things Asheville.

Moe’s had been planning to open up in the former Jack of Hearts space on Main Street in Weaverville, but that deal fell through, so the space is back up for sale. Deets from National Restaurant Properties:

Asset sale in Weaverville, just north of Asheville. Jack of Hearts is located on Main Street in the booming town of Weaverville, just 10 minutes north of downtown Asheville. This 4,949 SF space was completely renovated with attention to detail in 2011. Plenty of parking available along with a nice outside dining patio. The finished basement includes cooler and storage space large enough for small micro brewing set up. Jack of Hearts was a hot spot for the town, voted “Weaverville’s Best Gathering Spot in 2012” by the Mountain Xpress. This asset sale is priced well below the leasehold improvements and FF&E cost. A solid long-term lease is in place for the new ownership. Asset sale: $279,000.

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Jason Sandford

Jason Sandford is a reporter, writer, blogger and photographer interested in all things Asheville.

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11 Comments

Das Drew March 20, 2014

@adam I heard Joe was battling around 20% overhead and that the monthly rent was approx. $10k/month. Like you said, raise prices accordingly. But then peeps bailed in protest. No wonder the place failed.

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1. Bill March 20, 2014
  
  I heard similar information that the rent was $8k – $10k / month. I don’t see how a new restaurant in Weaverville can be successful with a $277k initial buy-in and $10k/month rent. There simply is not enough business in Weaverville to support those numbers. Wouldn’t be surprised if the space stays vacant for awhile.
  
  Reply
  1. burnsey March 21, 2014
    
    I have to agree with you on this assessment. And besides, when was the last time I have heard anyone say, “Let’s drive up to Weaverville for some drinks?”
    
    Reply
Das Drew March 20, 2014

@smytty EVG (imo) would better cater to the WVL pop as it’s not trying to be “upscale pub fare”. It’s just a big sports bar with good, REASONABLY PRICED food. And if they keep the Jack of Hearts music stage.. even better. 🙂

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1. Smytty March 20, 2014
  
  My experiences (though few) were similar. Decent burger, but not $12. Okay fish and chips, but small portions for $14.
  
  Reply
Das Drew March 19, 2014

Good. BBQ is a niche and it wouldn’t survive there. I’d like to see a place along the lines of an East Village Grille move in.

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1. smytty March 20, 2014
  
  How would you differentiate East Village from Jack of Hearts?
  
  Reply
  1. Santa March 20, 2014
    
    Price.
    
    Reply
    1. Smytty March 20, 2014
      
      Yeah, it was a little over priced
      
      Reply
      1. adam arthur March 20, 2014
        
        Price usually matches their overhead. I’d expect the lease for that place to be pretty steep.
        
        Reply
Ian C. March 19, 2014

It’s a great looking space. Hopefully, someone fills it eventually. And soon.

Reply