Opp OKs sales tax rebate for Jack’s
Published 12:00 am Tuesday, April 7, 2020
Jack’s Family Restaurant is expected to invest $1.9 million in a restaurant in the City of Opportunity.
The Opp City Council agreed to a sales tax rebate of some 40 percent of sales taxes generated by the city for up to 12 years or $150,000, whichever comes first.
Jim Avery, director of development for Jack’s, said that he estimated that the business would generate $1.7 million in sales its first year and under the agreement would employ 45-50 team members.
Avery said the estimated annual payroll for the restaurant would be between $480,000 and $500,000.
The restaurant chain specializes in hamburgers, chicken and serves breakfast.
The new location will be across the road from Burger King.
Additionally, Avery said that property taxes will increase for the more than 2-acre property.
Council member Gary Strickland asked Avery if the company had considered the Opp Bypass.
Avery said that they prefer the area near downtown for the traffic.
“The (bypass) area will grow in the future and 10 years down the road that might be an option for us,” Avery said.
Local business owner Merrill Culverhouse asked it the company would use local contractors, Avery said it would likely use some local subcontractors.
Additionally, Culverhouse asked if Jack’s failed to maintain the amount of employees promised would the city have to rebate the sales tax.
“The only way the number of employees would drop would be if sales declined,” he said.