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November 10, 2017

Biz Buzz: McDonald’s shuts Dec. 4 for replacement

Photo/Cassandra Brown
The new McDonald’s will stand just east of the existing structure along Broadview Avenue in Warrenton.
New restaurant to open by late February

One of Warrenton’s busiest and oldest fast-food restaurants will get demolished and replaced this winter.

The McDonald’s at 351 Broadview Ave. will close Monday, Dec. 4, according to Warrenton franchise owner Ashley Welburn.

The restaurant, which grossed $2.6 million in fiscal 2015, opened 46 years ago on the busy commercial strip. 

A smaller, 4,796-square-foot restaurant should open on the site by late February 2018.

The new McDonald’s will stand slightly to the east, on part of the existing parking lot, and will stretch horizontally along Broadview Avenue. 

Demolition of the large parking lot started last week, almost a year after the company had planned. The franchise owners decided to start the demolition of the parking lot first, to shorten the closure of the restaurant.

“We wanted to remain open for our customers as long as possible,” Ms. Welburn said.

The new restaurant will retain two entrances/exits on Broadview and one on Roebling Street. 

The building will feature two drive-thru lanes with digital menu boards and 52 parking spaces — 18 fewer than the existing restaurant has. 

Citizens will also be able to use kiosks inside to place their own orders.

The one-story building will have a modern design with a new play place and brick exterior, according to construction documents filed with the town. Construction will cost about $350,000. 

Ohio-based RHC Associates owns the site of slightly less than one-third acre. 

During construction, Warrenton employees will move to other McDonald’s locations, according to Ms. Welburn. 

When the restaurant reopens next spring, those employees will return to Warrenton, along with more staff. 

“We’re excited to get it done and over with. It’s such an old building,” Ms. Welburn said. “We are absolutely committed to getting it done as quickly as possible.”

The town council in 2011 unanimously granted a special use permit for the drive-thru lanes for the redevelopment of the restaurant.

— Cassandra Brown

Oak View profit $240,659 for third quarter

Warrenton-based Oak View National Bank reported net income of $240,659 for the quarter that ended Sept. 30, compared to $335,333 for the third quarter of 2016.

Basic and diluted earnings per share for the third quarter of 2017 were 8 cents compared with 12 cents per share in the third quarter last year.

For the first nine months of 2017, Oak View reported a profit of $794,927, down 4 percent from $827,660 for the same period last year.

“Although the changes we made to increase our growth rate have had a short-term impact on our profitability through higher loan loss provisions and higher noninterest expenses, we believe the benefits will be realized in 2018 and beyond,” Vice Chairman and CEO Michael Ewing said. “We are very pleased with the additions we have made to our loan production staff and the increased loan origination capability it has brought to the bank.”

Total deposits ended the quarter at $167.2 million, up 10 percent in a year.

Total bank assets stood at $209.4 million, an annual increase of 6.9 percent.

The locally owned and managed community bank has offices in Warrenton, Marshall and Culpeper.

Warrenton offers small business matching grants

The Town of Warrenton has a new program that offers matching grants of up to $10,000 to small businesses.

“Businesses located within Warrenton, which are looking to expand their operations and increase their revenues, are encouraged to apply for a Small Business Assistance Grant,” town Economic Development Manager Tom Wisemiller said. “This new grant program is administered by the Town of Warrenton Economic Development Department, in partnership with the Fauquier County Department of Economic Development, with additional funding made possible by the Fauquier County Economic Development Authority.
“Existing businesses are eligible to apply for matching 1/1 grants up to $10,000, with typical grant awards expected to be about $5,000,” Mr. Wisemiller added. “Applications are accepted on a rolling basis with no deadline.”
He explained the program targets “businesses that are opening new product lines, adding a business function or starting new business initiatives. Eligible business expenses include marketing initiatives, building improvements, technology upgrades, investments in equipment or machinery, along with other investments.”
For more information or an application, contact Mr. Wisemiller at 540-935-2337 or .(JavaScript must be enabled to view this email address).
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