Labor Day Marks Restaurant Closings and For Sale Listings

It used to be that the first of the year was the death knell for restaurants. Establishments that couldn’t bare the expense of making it through the winter months often bowed out right after the busy holiday season. But this year we’re seeing shutterings and sales right after Labor Day.

As we mentioned yesterday, Sophia’s didn’t return from summer vacation but it is far from the only closure or sale we’ve seen over the last couple of days. Michael Klein reports on the seeming demise of Village Belle. And today he has news that City Garden has closed at 18th and JFK after 16-years. Maybe Neil Stein is finally ready to take it over?

Philebrity is reporting that Finnigan’s Wake is for sale for a whopping $5 million. The 19,000 square feet has got to be attractive to someone.

Down the road in Fishtown, Bubba’s Texas BBQ is on the market but at $5,000 a month, we’re not sure potential restaurateurs will be lining up.