“It happened so fast,” Catania said, and having a property listing move from active to pending “pretty much stops anyone else from looking at it.” Medeiros had been looking to buy and pounced on the listing when it was first posted in August, leaving little time for other offers. The balance, $600,000, was the price of the business. When the sale closes, only the real estate transaction of $1.6 million will be posted, Catania said. “I was very happy with what I got,” said Montano. The ultimate sale price, according to Catania, was $2.2 million. Included in the sale are the real estate, business, equipment, and furniture, as well as the restaurant’s recipes. It houses two to four people depending on the season, he said. The property includes a two-bedroom unit of 1,400 square feet that is currently used as workforce housing, Montano said. It “boasts two large dining rooms, an outdoor seating opportunity, a bar with a full liquor license and very adequate parking available in the new parking lot,” and the building’s roof, deck, and septic system have all been recently upgraded, the listing says. The restaurant building occupies 6,426 square feet on the 4.1-acre property, and according to the real estate listing has the capacity to seat 188 customers. “When you have something that’s working really well, why would you try to fix it?” Medeiros told the Independent. “I’m just happy that it’s going to stay the same,” said Jason Silva, vice chair of the board of health, “because I eat there about eight days a week.” 9 meeting.Īt hearings on the license transfers, members of the board of health and select board said they were relieved that Medeiros seemed committed to changing very little about the establishment. “Once the town approves it, it’s pretty much a done deal,” Catania told the Independent after the select board’s Jan. The sale will now go to the state Alcoholic Beverages Control Commission for final authorization.Īccording to listing agent Richard Catania of the Realty Advisory, that final step is “a rubber stamp” formality.

2, and the annual all-liquor license transfer was approved by the select board on Jan. The transfer of ownership of the restaurant license was approved by the town’s board of health on Jan. He said he’s a long-time fan - his family dined on the restaurant’s homemade pasta to go on New Year’s Eve - who spurns the idea of unnecessary change. Medeiros, a part-time resident of Truro who otherwise lives in Seekonk, where he grew up, said he plans to change very little about Montano’s. And in addition to his two houses on Mary’s Way in Truro, he owns a real estate business, San Miguel LLC, with 20 mostly commercial properties in Rhode Island, Massachusetts, and Maine. Medeiros’s family trust owns cannabis cultivation centers and dispensaries in Dartmouth, Plainville, and Athol - businesses run by his four children, he said. The buyer is Ed Medeiros or, rather, his Frankie’s Hospitality Inc., through which Medeiros also owns Frankie’s International Bistro, a restaurant on Route 1 in Plainville, about halfway between Boston and Providence. Ed Medeiros is a fan of the pasta at Montano’s, the North Truro restaurant he is buying from Bob Montano for $2.2 million. Those who are upset about the actions that we took should look in the mirror and ask themselves if they would want guests to act like that in their restaurant.” The lounge area at True Kitchen + Kocktails restaurant, which opened in downtown Dallas in August.TRURO - After close to 36 years at the helm of Montano’s, a beacon for pasta lovers and Truro’s only deep-winter dinner spot, Bob Montano is selling the restaurant that bears his name.

“But there are now thousands of people across the country who understand the importance of the Black community having a good concept that they can go eat at. “We understand that we can’t be the restaurant for everyone,” he said. Kelley also offered some thoughts on reactions to the video. We are not going to have their experience ruined because we have a few guests who want to stand on furniture and twerk. Ninety-nine percent of our guests are fantastic, and we love them. We created 70-plus jobs during a pandemic. “We’ve created a restaurant that’s here to serve the community. “But if that’s the only thing people are caught up on, they should consider the behavior of the guests in the first place,” he said. In hindsight, Kelley said he regrets using profanity.

Paparazzi restaurant north truro