Business Briefs - August 17, 2017
THE ISLANDER TO CLOSE ON AUG. 31
The Islander, a restaurant located on Fairchild Street next to the Hampton Inn on Daniel Island, will be closing at the end of the month. Marty Wall, managing director of the Holy City Hospitality Group, released a statement last week on the company’s decision to shutter the eatery.
“It is with a heavy heart that I announce Thursday, Aug. 31 will be the last day of service at The Islander restaurant on Daniel Island. We want to thank our hard-working staff, past and present, who created a memorable experience for guests over the past three years.”
According to Wall, the closing coincides with construction of a new Hilton Hotel next door to the site.
“The new lodging is set to open in late 2018 and in the interim we will renovate and redesign the restaurant space for a new dining concept.”
The Islander opened on Daniel Island in 2014, in the space formerly occupied by Queen Anne’s Revenge Restaurant, as Holy City Hospitality’s first location on the island. The group also owns Charleston’s Rue de Jean, Coast Bar and Grill, Virginia’s on King and Good Food Catering. The restaurant reflected a “coastal casual” style.
“The Islander, its ownership and staff are grateful to the Daniel Island community for the support we’ve received from regular patrons, friends and family,” added Wall.
HARDSCOOP SETS UP SHOP OFF CLEMENTS FERRY ROAD
A Charleston-based company specializing in premium alcohol-infused ice cream and hand-crafted specialty distilled spirits is now open in an expanded location on the Cainhoy Peninsula. The business can be found at 2030 Wambaw Creek Rd. off Clements Ferry Road. The broker representing the landlord on the lease expansion was Peter Harper, CCIM, of Lee & Associates.
According to President Jason Kirby, the company acquired the site about 10 months ago but officially opened its doors for business in June.
“It’s been a whirlwind,” said Kirby. “And we’re super excited!”
Their products are now offered at State Line and Southern Spirits in Fort Mill, Boone Hall Farms in Mount Pleasant, Bottles in Mount Pleasant and Columbia, the Charleston Riverdogs’ baseball games and several other places. In addition, they have a “tasting room” on site where folks can come in and sample their creations Monday to Friday from 12 to 6 p.m.
“Showing people the products has been something that’s been fun,” said Jason. “They’re usually pretty excited and blown away. We’re getting a lot of people who just want to walk in and try it out!”
Kirby credits his family for helping him get the company off the ground. His father, David, is CEO.
“It’s a family business for sure,” he said. “I had the idea and then presented it to my parents and then we presented it to my sister and brother-in-law. It’s taken about three years to get to this point, from perfecting the product itself to getting a building and getting the proper licensing and then launching. It’s been a real family affair, a real process and it’s just been so much fun up to this point..and the reception [we have received] has been so nice.”
For more information, visit the company’s Facebook page, “Hardscoop Distillery,” or call (843) 936-3626.
HOME TELECOM DONATES GIG INTERNET TO PSA FOR ECLIPSE INITIATIVE
Home Telecom will donate their powerful gigabit internet technology to the Town of Moncks Corner in support of Palmetto Scholars Academy (PSA), one of three student research teams from South Carolina participating in the national Solar Eclipse Initiative. On Aug. 21, teams from Oregon to South Carolina will launch high altitude balloons 80,000 to 100,000 feet into the stratosphere, where video and still cameras will capture footage of the moon’s shadow as it eclipses the sun.
As a result of funding from the South Carolina Space Grant Consortium, three South Carolina teams including Stall High School, College of Charleston and PSA joined the Initiative. Home Telecom’s donation of a private gigabit internet connection will ensure PSA can relay pictures and video of the moon’s enormous shadow as it cuts across South Carolina and obscures the sun.
The video from all balloons nationwide will stream live at eclipse.stream.live, using software developed by Stream, a Daniel Island-based company. If successful, millions of people worldwide will see a view of the eclipse that cannot be seen from the ground, providing for the first time, in real-time, a solar eclipse as seen from hundreds of vantage points across the United States.
BLACKBAUD RELEASES SECOND QUARTER REVENUE NUMBERS
Daniel Island-based Blackbaud, the world’s leading cloud software company powering social good, reached an “all-time high” with 65 percent subscription revenue in the second quarter of 2017, according to a press release from the company.
Based on numbers released on July 31, Blackbaud’s total GAAP (generally accepted accounting principles) revenue was $192.2 million, up 6.7 percent, with $158.2 million in GAAP recurring revenue. Also noted in the press release was $125.3 million in subscription revenue for the second quarter, representing 65.2 percent of total revenue.
“We’re delivering powerful, integrated solutions in the cloud that provide our customers with a modern and truly unified experience,” said Mike Gianoni, Blackbaud’s president and CEO. “This is quite unique in our industry. Blackbaud is an end-to-end partner that builds, integrates, implements and supports its solutions—no other company in this market offers a value proposition as extensive. Our cloud solutions are fueling strong financial performance, further improving the predictability and stability of our business by shifting us towards a subscription-based revenue model and positioning us for a long runway of growth ahead. Subscriptions revenue represented 65 percent of total revenue, a new all-time high for us, and non-GAAP organic subscriptions revenue was strong, growing 17 percent this quarter.”
Blackbaud also reported that overall charitable giving to nonprofits increased 3.2 percent while online giving increased 7.8 percent for the three months from April to June 2017 compared to the same period in 2016.
Construction on the company’s new global headquarters campus on Island Park Drive continues, with an anticipated completion in 2018.