Local real estate listings are offering a broad menu these days with a bevy of restaurants and food businesses up for sale. After its sudden closure early this year, Fernbridge’s Angelina Inn is available for $1.9 million and the up-and-running Gill’s by the Bay has a price tag of $2.5 million for the property and business. The liquor license is included in the $1.3 million asking price for the iconic Ivanhoe Hotel, Restaurant and Saloon in Ferndale, as is the license for the Jam in Arcata, for $435,000. Even before the pandemic, the restaurant business was always risky. But since then, it’s been an especially rocky ride between closures, the starts and stops of reopening, supply chain issues, staffing and inflation. Along with those economic realities, running a food business doesn’t always leave room for life outside the kitchen. It was only in May the splashy, new Mazzotti’s sign went up over the Arcata Plaza mainstay after a massive interior overhaul. But now the 11,496-square-foot restaurant, with its new bar and stage, is on the market for $850,000. “It’s a business decision that best suits our foreseeable future,” says owner Joe Mazzotti via text message. He’s reluctant to discuss the sale because, he says, “I don’t want to make this fodder for the haters out there,” referring to criticism of the restaurant on a Reddit thread. “Anything I say can be misconstrued or taken any way by a prospective buyer or interested party … or the people who have their opinions online.” But a post on the restaurant’s Facebook page clarifies the restaurant is not closing, just preparing for “a new chapter” and “looking for someone who is interested in keeping Mazzotti’s and the employees intact and we will not settle for anything less.” Joe Tan, who hopes to sell his Curry Leaf business for $140,000 in Eureka, is less reserved. He says sales for the large pan-Asian spot average $2,500 per day but the work is overwhelming with two other restaurants to run — Nori in Arcata and the newly reopened Overtime Pizza and Bar in Eureka — and for now, he says his plans for a rooftop sushi place in Eureka are on hold. “There’s long hours, there’s stress … everything is too expensive, ingredients and employee insurance,” he laments with a small laugh. Still, he thinks Curry Leaf could be perfect for a family to run —…
Anybody Want to Buy a Restaurant?
