One chef re-energizes local dining scene.
Challenge:
A growing trend in the Los Angeles dining scene is the chef-owned and operated restaurant. One chef approached us to help him realize his dream of having ownership in a restaurant though he would need financial support to pull this off. He wanted to find a second generation restaurant space with a low key money requirement and a favorable lease rate.
Success:
We showed the chef a handful of opportunities in the beach cities and identified one that met his search criteria. This was no easy task given the huge demand for restaurant space and the increasingly high occupancy costs along the coast. Once he keyed in on a particular location he was able to work with friends to finance the purchase. We navigated the escrow process with them and led the lease negotiations. Their restaurant has since become one of the highest rated and acclaimed restaurants in their beach community.