The downtown Pensacola Beef 'O' Brady's at 22 S. Palafox St., is shutting down Saturday, according to property owner and restaurant franchisee Tracy Goodson, who said the grind of restaurant ownership made him unwilling to commit to a new 10-year franchise agreement.

"We've been in the business for 10 years and our 10-year franchise came up, so we could have either renewed the franchise or we could rent the building out, 'cause we own the building," said Goodson, who runs three Pensacola Beef 'O' Brady locations along with his wife, Tamron. "It's been a very successful store, we just don't want to renew for another 10 years.

"We're trying to slow down a little bit," Goodson said.

The Goodson's own the Beef 'O' Brady's locations at 2101 W. Nine Mile Road in Pensacola and 344 Gulf Breeze Parkway in Gulf Breeze, locations that will not be closing, Tracy Goodson said.

"The restaurant business is tough," he added. "We just don't want to do 10 years of that kind of work, especially with two other locations to run still."

Goodson's expiring 10-year agreement began in 2010, when he and his wife opened the Beef 'O' Brady's location on Mobile Highway and operated it from 2010-2014. They then spent the last five years of the deal at the Palafox location, opening in March of 2014.

Goodson said the restaurant is not advertising a going away party leading up to Saturday's closure, but he did share some kind words about his patrons at the Palafox location and his tenure in downtown Pensacola in general.

"We'd like to thank everybody for five great years, we'll definitely miss it," Goodson said. "We're not closing on Nine Mile Road or Gulf Breeze, so go patronize those stores. And go downtown and get your wing fix before Saturday."

Jake Newby can be reached at jnewby@pnj.com or 850-435-8538.