Iconic Local Restaurant Rebounds from Ownership Changes

Closes historic location and adds new locations.

Challenge:

Restaurants and partnerships can undergone significant changes in just a few years let alone close to 30. One local Manhattan Beach restaurant thrived for 26 years; however, an increasingly competitive dining environment exposed strategic differences between partners. They needed support identifying potential solutions to adapt to the market and strengthen their brand.

Success:

It quickly became apparent that the partnership would not survive moving forward. We found a new location for the concept for one of the co-founding partners then listed the assets of the original location for sale. As a result, the landlord was able to bring in a new tenant and the existing partnership was dissolved. First year revenues of the business at the new location exceeded the highest revenues ever achieved at the former site. A second new location is currently under development.