Jimmy's On The Auction Block Again (BBJ Story)
Jimmy's Restaurant in Fells Point is hitting the auction block for the second time this year. The beloved landmark at 801 S. Thames St. was ordered sold last month by a U.S. District Court bankruptcy judge nine months after the business filed for Chapter 11 bankruptcy, according to Towson-based Alex Cooper Auctioneers, which is handling the sale.
The auction will open in online at noon on Nov. 12. Bidding closes five days later on Nov. 17 and a deposit of $20,000 is required to bid. The Alex Cooper website lists the opening at $450,000 and the sale will include Jimmy's 7-day beer, wine and liquor license. The waterfront has only been part of the restaurant's draw and charm over the years. Since it first opened in 1947, Jimmy's has served as a gathering spot for Baltimore power brokers like former mayor and Gov. William Donald Schaefer and Sen. Barbara Mikulski, who were regulars. In fact, Schaefer pretty much ate the same breakfast there everyday — scrambled eggs, home fries, rye toast and a cup of tea. The combo became known as the "Schaefer special," according to a 2012 Baltimore magazine feature on the city's diners.