Woolloomooloo restaurant Riley St Garage will serve its final crispy pork knuckle on December 23, a part of a wider plan by restaurateur Brody Petersen to money in his hospitality chips.
Petersen confirmed his Parlour Group has additionally bought The Village Inn, in Paddington, to an undisclosed purchaser.
“I am not closing Riley St Storage down as a result of it is not profitable, however my hospitality journey has come to an finish,” he tells Good Meals.
Whereas rising produce prices, workers shortages, new openings and the curve-ball of COVID positioned an unrelenting toll on the trade, Petersen says his choice had been a sluggish burn. After getting his begin with the Flying Squirrel in Bondi, lately he is bought Surly’s and closed the bold Stanton & Co in Rosebery.
“I look again at my 15 years of hospitality, it has been a ton of enjoyable. However I am prepared for a brand new problem,” he says, hinting business property may be his approach ahead.
Step one in that course will come at Riley St Storage, a favorite of touring rock bands. Petersen owns the one-time parking spot for Frank Lowy’s executives, and can segue its use, leasing it not as a restaurant however as boutique workplace house.
He’ll retain a small stake within the hospitality pie on the iconic Hollywood Lodge in Surry Hills, which he bought final 12 months. However he says he is unsure it counts as a meals venue. “It solely does toasted sandwiches,” he says. Anticipate it to remain that approach.
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