Springfield Business Journal_2019-07-29

Gene O’Dell, AAMS® Managing Director – Investment Officer Senior PIM Portfolio Manager 1720 E. Bradford Pkwy. Springfield, MO 65804 Office: 417-883-6680 gene.odell@wellsfargoadvisors.com odellfinancial.com Arkansas Insurance Producer License Number 5074416 To find investing-life balance, work with a professional You know what you want retirement to look like, and leaving a comfortable legacy for your loved ones is a priority. But free time feels a lot less free when you spend more time than you’d like managing your investments. Working with a professional portfolio manager can help you find the right balance between living life and investing for the future. Call for a complimentary portfolio consultation. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company. © 2016 Wells Fargo Clearing Services, LLC. All rights reserved. CAR-0218-04945 A2081 IHA-595130 The O’Dell Financial Group of Wells Fargo Advisors Investment and Insurance Products: NOT FDIC Insured NO Bank Guarantee MAY Lose Value Three generations of Kinney Family members have been providing southwest Missouri with “Old Fashioned Service Since 1948” VENDING MICROMARKET OFFICE COFFEE SERVICE Family Owned For 70 Years k i n n ey ve n d i n g . co m 4 1 7 - 8 3 1 - 0 4 0 5 A N N I V E R S A R Y 40 · SBJ.NET JULY 29-AUG. 4, 2019 NEWS businesses are available, with both requir- ing satisfaction of accrued penalties and interest. Anne Marie Moy a spokeswom- an for the Missouri Department of Rev- enue – which filed the federal tax liens for public record in Greene County – did not respond for comment by press time. Jalili cited a “couple of bad investment deci- sions” for falling behind on taxes. He declined to identify the investments. Jalili pointed to two major changes dur- ing the past year that may help the financial situation. Char Steakhouse & Oyster Bar was cre- ated to take the place of Touch Restaurant & Oyster House in early 2019. In December 2018, the Jalilis sold their Midnight Rodeo nightclub to Dave Marsh, a 22-year employ- ee who Billy Jalili said is “currently doing a great job as the new owner.” Terms of the deal were not disclosed. Additionally, the Jalilis’ plans for Chops, a venture in Galloway Village, were scrapped last year. Mike Jalili, co-owner of the fam- ily’s restaurant businesses, previously told SBJ cost concerns stopped the plans for Chops, a proposed boutique steakhouse at the Galloway Creek development, 3938 S. Lone Pine Ave. “It was getting really expensive just for the infill,” he said in November 2018. Beyond restaurants, Billy Jalili owns at least three down- town properties: 209 E. Walnut St., 321 South Ave. and 311 S. Patton Ave., according to Mis- souri secretary of state and Greene County assessor re- cords. The Patton Avenue property is home to the Jalili family’s Zan nightclub – as well as the sep- arately owned Patton Alley Pub – and the South Avenue address houses The Boogie, another downtown nightclub started by the Jalilis. Business filings with the Missouri secretary of state continue to connect Billy Jalili to Boogie, which closed in 2017 and later reopened. On Walnut Street, the Jali- lis operate one of their three Black Sheep restaurants, and they lease space for Flame. Public records show the majority of the tax liens against the restaurants are for un- paid employment and payroll taxes. Billy Jalili said the restaurants employ 330 peo- ple. Among the restaurants, Char Steakhouse has the largest federal tax lien of $107,199, followed by Flame, at $100,157, Black Sheep in Chesterfield Village, at $63,140, and the downtown Black Sheep, at $60,029. Black Sheep ASAP, located at 2420 E. Sunshine St., was not named in the tax liens. SBJ.net ’s July 19 article on the tax lien re- cords drew mixed responses from readers. “The Jalili family are hard-working peo- ple that have been very successful in Spring- field with some wonderful restaurants over the years,” said Teresa Zucchini-McClish, in a Facebook comment. “Sometimes when you expand your business, you have mo- ments where money is tight.” Another reader, Trish Bertrand, criti- cized the Jalilis for the taxes owed. “So the American taxpayer subsidizes the wages for these companies via social welfare programs, and he can’t even pay his taxes?” Bertrand wrote on Facebook. Debts: Family sells Midnight Rodeo, rebrands south-side eatery Continued from page 3 GEOFF PICKLE Downtown’s Black Sheep faces a $60,029 tax lien. All the restaurants are doing good, and that’s why it makes it possible for us to pay off our back taxes.” —Billy Jalili Black Sheep, Char and Flame restaurants