Closes historic location and adds new locations.
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.
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.