Got $2.75 million? You could buy this 160-year-old San Fran restaurant
The Old Clam House in San Francisco
If by some strange stroke of luck you have to burn some money after vaccination, I have a unique investment opportunity for you: The Old Clam House, a 160-year-old San Francisco Bayview neighborhood restaurant, has been in operation since May. The owners Jerry Dal Bozzo and Dante Serafini are retiring, as reported for the first time in the San Francisco Chronicle. (For what it's worth, the Chronicle article is behind a paywall, but sister site SFGATE also has the news without registering.) That's it: your chance to become a restaurant star. All you have to do is spend approximately $ 2.75 million which will cover the store, liquor license, and building. A bargain if you ask me. They also sell their other restaurant, the Stinking Rose, which is known for incorporating garlic into all of their dishes, including their ice cream.
San Francisco local Dal Bozzo reportedly bought the restaurant in 2011 and is now ready to pass the torch on to another restaurant owner. "I'll be 81 in a few months," Dal Bozzo told the Chronicle. "We've been in business for 30 years and hopefully a fresh face is coming." Dal Bozzo told the Chronicle that their first choice for buyers is "those who want to keep the iconic facilities as they are". Dal Bozzo also hopes the new owner will reinstate some long-time employees who lost their jobs when the restaurant closed during the pandemic.
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The Chronicle reports that the Old Clam House was built in 1861 to serve the waterfront workers, and it is San Francisco's oldest continuously operating restaurant. Its longevity is likely due to the restaurant's virtually untouched antique charm (the bar area features a vintage jaguar somehow glued to the wall). It may also have to do with the fact that every single customer is served a shot of clam juice, according to Chronicle. Well that is hospitality.
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