Brindisi's Restaurant closes early for winter season, owner looking to sell
On Monday morning, owner Andrew Brindisi quelled speculation that the Italian-American bistro was closed permanently.
It is, however, going on the market.
“Usually we close down for January and February, but November is actually the slowest time of the year and it costs more to stay open than it does to close,” Brindisi said. “I am putting it up on the market and if it doesn’t sell — I’ll be back in the spring.”
When Brindisi’s closed last week only a small number of employees found themselves — perhaps earlier than expected — out of a job.
“We probably had only about three or four part-timers, it was a real skeleton crew,” Brindisi said.
Although he is in the midst of interviewing realtors to put the restaurant on the market, Brindisi said he will also entertain anyone looking to buy the space without a real estate agent.
“It’s something I’ve been considering for a while,” he said. “Taxes keep going up every year and you can’t keep blaming the landlords — they have to pay school taxes and property taxes — it’s just not conducive when all the prices are going up.”
While Brindisi still has several years left on his lease and can’t technically sublet to another restaurant owner, he plans to sell the space including all its kitchen fixtures and other equipment for $250,000.
The buyer would then negotiate a year-to-year contract with the building’s landlord.
Brindisi himself put about $1 million into the 390 Broadway space since opening in 2000 and after 12 years in the business the restaurateur is ready to move on.
However, if the restaurant doesn’t sell this winter — he will re-open in March or April.
Brindisi’s will remain open over the next four or five months for private parties, Christmas parties and on and off-site catering gigs.
When the restaurant does change hands, Brindisi hopes to enter a new chapter of his life outside the restaurant businesses.
“I was hoping to get a job in public relations or in government because I really like politics and if I get any proceeds from this place I’d use it to buy a Harley Davidson.”
To contact Brindisi about private parties, catering or with buying inquiries call 587-6262 or e-mail email@example.com.