SHERIDAN — The former Sheridan Palace restaurant on Main Street has new owners and is undergoing total transformation. New owners Sevrine and Robert Murdoch have plans to renovate the space and open as the Cowboy Cafe in mid-May. The Murdochs have owned and operated a Cowboy Cafe in Dubois with success for more than 20 years, and are branching out to Sheridan to expand their business. “Expansion, for us, meant opening in a different location,” Sevrine Murdoch explained, adding that with a population in Dubois of only about 1,000 people, additional growth of their existing restaurant was not possible. “One of our customers happened to be in the Cowboy Cafe in Dubois and now lives in Sheridan,” Murdoch said. “He told us that if we’re looking for an extension, there’s a little cafe for sale in downtown Sheridan.” The cafe in question was the Palace, owned by Jane and Steve Cain since 1997. The Cains announced last fall they were hoping to retire from the restaurant business and sell their building in the historic district. The building was put up for sale while still open for business. One thing lead to another, and the Murdochs closed the deal with ERA Carroll Realty April 8. The Palace’s last day of business was April 30. While the Murdochs had been considering opening in a handful of other locations, the opportunity provided in Sheridan came out on top. “We liked the town, and when we looked at the building, it reminded us of a business we had 20 years ago,” Murdoch said, adding that it was the real estate offer that sealed the deal. “We like to own the building and land it’s sitting on,” she said, indicating that wasn’t a possibility in other locations they considered. The Murdochs are in the midst of a complete renovation of the downtown restaurant space. The compete overhaul will include tile floors, new paint and kitchen equipment, along with new booths, tables and chairs. When the flip is done, the business will open as the Sheridan branch of Cowboy Cafe. Modeled after the existing establishment in Dubois, the restaurant will feature a similar menu of casual dining. The Cowboy Cafe will be open for breakfast, lunch and dinner seven days a week. “So far, we’ve had a lot of positive comments,” Murdoch said. “We’re excited about having a new place.” While the palace was a staple of Main Street for years, Murdoch said she feels welcomed with open arms. “We were a little worried about changing the name, but it doesn’t appear to be too traumatic to people.” Murdoch said she and her husband plan to spend the summer in both Dubois and Sheridan, but in the fall, they will permanently relocate here with their two children.