Bielat Santore & Company Sells Frankie's, Point Pleasant Beach, New Jersey
POINT PLEASANT BEACH, N.J. (PRWEB) December 17, 2021 -- One year after Bielat Santore & Company sold Rod’s Olde Irish Tavern in Sea Girt, New Jersey to Chefs International, they followed it up by selling Rod’s“Little Cousin” Frankie’s to Chefs as well. Although rumors of the sale ran rapid as autumn approached, the official closing on Frankie’s, located at 415 Richmond Avenue, Point Pleasant Beach, New Jersey, did not take place until the day before Thanksgiving, as reported by Richard Santore of Bielat Santore & Company, Allenhurst, New Jersey, the broker for the sale.
In 2020, when Frank Kineavy sold Rod’s, he was quoted as saying: “I still have another restaurant to run, Frankie’s in Point Pleasant Beach. I am and will always be a hands-on saloon keeper. Who knows in a year or two down the road, I may give Bielat Santore & Company another crack at selling this one for me? And then, maybe I will just ride off into the sunset; or find another saloon to run!” Well, that proclamation came to fruition for Kineavy in 2021. He handed over the keys to Frankie’s and has officially retired, after nearly 40 years in the restaurant business.
Chefs International, headquartered at 62 Broadway, Point Pleasant Beach, New Jersey. Chefs International, Inc. operates twelve other restaurants in New Jersey. The purchase of Frankie’s increases the number of restaurants owned by Chefs to 14. The company’s restaurant list is as follows: Lobster Shanty - Point Pleasant Beach, Jack Baker’s Wharfside - Point Pleasant Beach, Sunset Ballroom – Point Pleasant Beach, Patio Bar – Point Pleasant Beach, Water Street Grille - Toms River, American Grill - Monroe, Moore’s Tavern - Freehold, Escondido - Freehold, Anchor Tavern - Belmar, 9th Avenue – Belmar, Marina Grille – Belmar, the Cabin – Howell Township, Rod’s – Sea Girt and Frankie’s – Point Pleasant Beach. “Chef’s is a regional powerhouse restaurant company with aggressive growth plans and top-notch management,” states Santore.
“Frankie’s was always the perfect meeting place in Point Pleasant Beach,” said Frank Kineavy, who opened the restaurant in 1985. Bob Cooper, CEO of Chefs International said that he has been a customer of Frankie’s since 1985 and he didn’t think that Frankie’s would be available so soon, although he hoped it would. Chefs International intends to continue to operate the restaurant under the Frankie’s trade name and concept after making minor renovations to the facility.
About Bielat Santore & Company
Bielat Santore & Company is an established commercial real estate firm. The company’s expertise lies chiefly within the restaurant and hospitality industry, specializing in the sale of restaurants and other food and beverage real estate businesses. Since 1978, the principals of Bielat Santore & Company, Barry Bielat and Richard Santore, have sold more restaurants and similar type properties in New Jersey than any other real estate company. Furthermore, the firm has secured in excess of $500,000,000 in financing to facilitate these transactions. Visit the company’s website, http://www.123bsc.com for the latest in new listings, property searches, available land, market data, financing trends, RSS feeds, press releases and more.
Richard Santore, Bielat Santore & Company, http://www.123bsc.com, 732.531.4200, [email protected]
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