SHERIDAN — Phoenix Restaurant Group has applied for a new bar and grill license in order to open up a new restaurant in the former Oliver’s Bar and Grill location at 55 North Main Street in Sheridan. The application was submitted in November 2012 and went before City Council December 17, 2012, where it received a motion and second before being tabled.
City Council re-tabled the request at its January 7 meeting pending resolution of bankruptcy court issues.
According to Sheridan City Clerk Scott Badley, Phoenix Restaurant Group owner Kim Love, owner of Sheridan Media, has decided to open the restaurant under the new name of Clyde’s Bar and Grill.
In his request for a new bar and grill license, Love stated that Sheridan is in need of full-service restaurants and other entertainment options to generate sustainable economic activity along Main Street. This is especially true, he said, following the closures of Oliver’s Bar and Grill, the 1893 Grill and Spirits in the Sheridan Inn and the displacement of LuLu’s Cage due to an electrical fire.
Love plans to replace the restaurant’s roof, HVAC system and second floor windows as well as make significant improvements to the plumbing. Renovations are estimated to cost between $150,000 and $200,000, according to the bar and grill license request. The request also states that the menu has not been finalized but will be similar to what Oliver’s offered.
Once Clyde’s is re-opened, it is estimated to employ 25 to 30 employees with projected revenues of $1 to $1.5 million.