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Restaurant Realty Company Lists The Great American Music Hall

By in 1999 - Volume 1 with 0 Comments

Please find below a newspaper article which appeared in the San Francisco Examiner July 28, 1999 edition.

Wanted Buyer who will keep spirit of Great American Music Hall alive

By Craig Marine of the Examiner Staff

Claire Brouwer, president of the Great American Music Hall and co-majority owner with her husband, Kurt – Who is co-partner of Brouwer & Janachowski, a Bay Area investment advisory firm – said that burgeoning family life has caused her to seek buyers for the venerable San Francisco nightspot.

“I’d love to keep running it, but I have a 20-month-old son and another baby due early next year and I just can’t put as much time into the business,” Brouwer told The Examiner on Tuesday. “I’d like to find someone who will keep the spirit of the club alive.”

Brouwer, who bought the club in 1992, enlisted the help of real estate agent Steven Zimmerman, who has sold more than 100 properties – mostly bars, restaurants and night clubs – in the past four years. Zimmerman said he is showing the club Wednesday to a potential buyer who prefers to remain anonymous.

“I anticipate getting this done within six months,” Zimmerman said. “It’s a unique property with a great history and I’m sure there will be a lot of interest.”

Neither Zimmerman nor Brouwer has set an asking price for the property, which at times since its opening in 1907 has served as everything from a bordello to its current incarnation – a music club featuring eclectic acts, from alternative rockers to Van Morrison.

Brouwer said she has had informal talks with representatives from the Bill Graham Presents organization to supper-club owner Harry Denton.

Zimmerman added that Brouwer has final say on any potential buyers. “She’s the one who’s going to give the ultimate thumbs-up or thumbs-down,” he said. “She’s very loyal to her staff and hopes that whoever purchases the property will be able to keep them on as employees. She’s not in any rush, so I think she’s going to find a buyer that’s right for her and right for the music scene in San Francisco.

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About The Author
Steven Zimmerman, CBI, M&AMI, CBB, FIBBA

Steve is the Founder, Principal Broker and Chief Executive Officer of Restaurant Realty Company. Steve has personally sold/leased over 1000 restaurant, bar or club businesses, sold many commercial buildings and completed over 4,000 restaurant valuations since 1996. His real estate experience also includes sales, acquisitions, management and ownership of numerous properties throughout California including restaurants, hotels, apartment buildings, single family houses, an office building and a multi-use retail building. Steve is also the author of Restaurant Dealmaker – An Insider’s Trade Secrets for Buying a Restaurant, Bar or Club available on Amazon. Prior to starting Restaurant Realty Company Steve had over 20 years of restaurant experience and was President and Chief Executive officer of Zim’s Restaurants, which was one of the largest privately owned restaurant chains in the San Francisco Bay Area. READ FULL BIO | HIRE EXPERT WITNESS - LEARN MORE