JUST SOLD Om Nom Organics Century City Teri Craft listed Om Nom Organics located at 10250 Constellation Blvd in Century City last December, prior to any Covid business interruptions. This 3000 square foot, handsome and newly remodeled restaurant was located on the ground floor of a 42-story corporate tower in the heart of Century City and [...]
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What is the outlook for the food and beverage industry now and what will it look like in the future once Covid-19 is behind us? The California Restaurant Association (CRA) which is a statewide industry and is the definitive voice of the California foodservice industry projects that approximately thirty percent (30%) of all food & [...]
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JUST SOLD WORLD TRAVELERS COFFEE ROASTERS Two locations - Roseville & Folsom The transaction was completed by Keith Simpson of Restaurant Realty! RRC Agent Keith Simpson closed escrow on TWO coffee cafes - the first in Roseville and a second in Folsom. After initially listing these 2 properties back in March, who could foresee the Covid-19 pandemic and [...]
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JUST SOLD CARMEL BELLE Monterey County Restaurant Realty recently sold CARMEL BELLE located in the world famous coastal city Carmel-by-the-Sea in Monterey County. Carmel Belle is located in the heart of Carmel, servicing the local community and travelers alike. Previous owners, Chloe and Jay had a very simple reason for entering into the restaurant business in [...]
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JUST SOLD SEABRIGHT BREWERY Santa Cruz Restaurant Realty recently sold SEABRIGHT BREWERY located in the heart of Santa Cruz. Three new owners took over Seabright Brewery this month and are in the midst of learning the ways of the 32-year-old business. Jason and Keiki McKay, owners of Cantine Winepub in Aptos, and Jon Bates, who previously [...]
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Meet our latest RESTAURATEUR OF THE QUARTER: Jason Lee of Jason's Restaurant, Greenbrae Jason Lee grew up in the restaurant business initially being encouraged by Sam Lee, his father, who owned 18 Giant Burger fast food operations in the Bay Area. Jason started working in his family business at 15 as a cashier and cook [...]
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JUST SOLD BAJA CANTINA Marina del Rey Restaurant Realty recently sold Baja Cantina located in Marina del Rey in Los Angeles. I had the opportunity of meeting Patrick and Gina Phinny, the owners of Baja Cantina Restaurants, in San Francisco in 1996. Shortly thereafter they hired me to sell their Baja Cantina restaurant in San Francisco. [...]
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JUST SOLD CLOVE AND HOOF Oakland Restaurant Realty recently sold Clove & Hoof located in Oakland. In 2018, the owners asked to meet a broker from Restaurant Realty Company. Due to family illness, they needed to discuss an exit strategy for their highly specialized, unique restaurant of 3 years. Annual sales growth since inception had [...]
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JUST SOLD KOUNTRY FOLKS HOMESTYLE RESTAURANT Riverside, CA Kountry Folks has been serving the Riverside area for over 30 years with its down home cooking and friendly service. Sales year-over-year have steadily increased to over $2.2 million in 2018. While serving as its long time general manager in 1998, Erin House had the opportunity to purchase the restaurant [...]
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Food and Beverage Businesses that have SOLD in 2019 The landscape for selling restaurants, bars and clubs continues to become more challenging in California due to the high costs of doing business in the state. Spiraling minimum wage and other payroll costs, the continued rise of occupancy costs and other operating costs including utilities, insurance, food [...]
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