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- In a move that will undoubtedly bring out the “I told you so” crowd, Pine at Belmont’s Kiki Tap & Eatery is for sale and looking for a financial injection to help keep it going.
“The restaurant is still operating,” said Kik’s Miki Nguyen about the decision to look for an investor — or a buyer. “We’re just hoping to find the right partner or investor.”
“For any business, it takes time to grow. We’re continuing to tweak what we offer.”
A recurring theme in the Capitol Hill food+drink economy is the “doomed location.” It’s a myth. Probably. Sometimes it’s just a matter of the right concept coming along. Probably. Sometimes we forget that a restaurant thrived in a particular space for a long time before a cycle of less successful concepts gave it a try. Maybe 8oz Burger Bar will redefine the recent history of its home at Union and Broadway. La Spiga successfully called the spot home for years before moving to 12th Ave.
At Pine and Belmont, you don’t have to go back far to point to the most recent failure. A year ago this month, CHS reported that the backers of Kurrent had thrown in the towel on their “ice bar” lounge concept. In its place came Kiki, backed by a cadre of partners including the family who had run The Green Papaya in the space for a moderately successful few years before closing in 2007.
Kiki debuted on April 1, 2011 after a spring buildout that overhauled the Kurrent lounge space into a functional restaurant again. It rolled out with a small plates, Asian fusion emphasis that has shifted toward also offering items like pho. Nguyen says the sale effort isn’t keeping Kiki from continuing to “tweak” the dial on what works in the space. Next week, the restaurant plans to add Asian-style hot dogs, hamburgers and banh mi to the menu just as Madison’s Baguette has shut down.
You can learn more about the Kiki sale on its site. The restaurant comes with 2,900 square-feet of space, a set-up computer and POS infrastructure, all appliances, a $6,200/month lease and, the current backers proudly note, a 4-start Yelp review average. The price tag? $135,000. Or best offer.
- While we’re talking about the fragility of a new restaurant or bar venture, let’s celebrate a few milestones. If you know of a November milestone we didn’t mention, let us know in comments and we’ll update.
November 2011 1-year celebrations: Thai Curry Simple, Pau Hana, The Other Coast Capitol Hill, Panera Bakery
November 2011 multi-year celebrations: Po Dog (happy 2!), Poco Wine (happy 5!)
- Imbibe names the 20 best coffee shops in Seattle, calls Arabica “stunning,” Porchlight “a neighborhood favorite.”
- Stranger furthers Porchlight’s Zack Bolotin’s reputation as a no-bullshit-taking coffee shop owner with this tale of an angry customer who visited the 14th Ave shop only to find SPD waiting for him.
- Seattle Times list “taste of 10 new restaurants” is 40% Capitol Hill.
- Oddfellows has a new dinner menu.
- Cupcake Royale is the 2011 GSBA Business of the Year.
- DeLuxe expands its happy hour.
- Twilight Exit spawns the Neighborhood Lady at 23rd and Union. Will replace shuttered legend Thompsons Point of View.
- You can now apply your Marination Station (CHS advertiser) Nunya Sauce at home.
- Another CHS advertiser, Poco Wine, mentioned up top for their 5-year anniversary, finds a buyer.
- Neumos and Moe Bar make a call for letters in support of extended bar service hours.
- Most “late night” food efforts seem like a good idea at the time. Most get dropped. Only a few make it work. Sounds like Li’l Woody’s has it figured out, too. They’re doubling down and extending late hours on the weekend to 3a.
- A big week for Seattle’s craft distillers. Poquitos starts off its new “Local Spirits” effort with a Monday night menu of cocktails featuring Seattle-crafted booze including Oola’s vodka.
- Friday night downtown you’ll find the crafters showcased again at a Tom Douglas “Washington Distillers Cocktail Party.” Tickets are 40 bucks.
- Booze slinger Keith Waldbauer of 15th Ave E’s Liberty won a Halloween night mix-off, reports @tavinhseattle.
- E Olive Way’s Tommy Gun (CHS advertiser) has a special guest behind the bar this Friday:
Booze drinkers at Tommy Gun are in for a very pleasant surprise this Friday when they belly up to the bar and find Il Bistro’s much-lauded bar manager, David Nelson, at their service. Described by The Stranger’s Bethany Jean Clement as the “kind of barkeep to whom you can describe the vaguest of longings, cocktail-wise, and then he will make you a glassful of greatness,” Nelson is one of the youngest – and perhaps coolest – critically-acclaimed bartenders in Seattle. According to MSN, Nelson has “ manned the bar at Ethan Stowell’s now-departed Union, the Belltown incarnation of Marjories, and helped to launch both Spur and Tavern Law. A former student of philosophy (he holds a B.A. in the subject), Nelson’s style is quiet but thoughtful; he ruminates on ingredients before ever tilting a bottle.” We’re lucky to have him and we’re sure you’ll agree. Happy Hour from 5-7 PM.
- Tuesday is Election Day. Coastal Kitchen (CHS advertiser) has a promotion to try to bring back a little of the old excitement of going to the polls. “Be sure to Vote! Tomorrow, Election Day, bring your completed ballot to Coastal Kitchen and get half off your breakfast or lunch entrée. We’ll even throw in a free stamp! This promotion will run from 8am to 3pm on Tuesday 11/8 at Coastal Kitchen.”
- It’s time to order your turkey from Rain Shadow Meats and your pies from (CHS advertiser) High 5 Pies. And your Tofurky from Madison Market’s Central Co-op?
This week’s CHS food+drink advertiser directory