By Jim Fallon
DELRAY BEACH, Fla. – Invest in style – in the comfortable, service-oriented Wall Street Pub, a special area of the Bulls & Bears Club, which also features an on-line stock trading club, a barbershop and newsstand.
Developed by Pat Gostley, a County Cork product, this unusual concept resulted when the former investment banker noticed investors sitting for hours in lobbies of brokerage firms, their eyes glued to a ticker tape.
“I thought it would be nice if they had a soft chair, a bite to eat and libations,” Gostley said.
Featuring a six-foot stock ticker, the Wall Street Pub, a 180-seat restaurant in Delray Beach, will serve breakfast, lunch and dinner each day. As part of a membership-only club, 12 computers will be available for on-line trading in a separate room.
“It’s my belief that a Wall Street version of this type is ripe at this time in South Florida,” Gostley said.
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Plans for a second phase upstairs call for a bar and an 80-seat multimedia conference room for use by companies and analysts, according to the club owner, who also designed computer programs as a youth.
For an annual fee of $99, one can become a member of the on-line club. Also available are daily and weekly memberships.
Gostley said his primary target is people who make their living playing the stock market. But he also expects to draw a wide range of other clients, including senior citizens, business people and the happy hour revelers.
Gostley is negotiating with a local news and financial information station about doing a one-hour, lunchtime radio show featuring interviews with executives from publicly-held companies, brokers and analysts.
“I’ll buy the time from the station and then sell sponsorships to advertisers,” Gostley said. “First, we must work out the deal.”
Station manager Steve Lapa said he thinks its a natural. “There’s such a thirst for business and financial news”, he said.
The operation is scheduled to open June 1 at 101 E. Atlantic Ave., Delray Beach. For information, call (561) 274-8050.