Bielat Santore & Company Sells Frankie's, Point Pleasant Beach, New Jersey

By Justin Johnson.
Updated Dec 17, 2021

POINT PLEASANT BEACH, N.J. (PRWEB) December 17, 2021 - One year after Bielat Santore & Company sold Rods Olde Irish Tavern in Sea Girt, New Jersey to Chefs International, they followed it up by selling RodsLittle Cousin Frankies to Chefs as well. Although rumors of the sale ran rapid as autumn approached, the official closing on Frankies, located at 415 Richmond Avenue, Point Pleasant Beach, New Jersey, did not take place until the day before Thanksgiving, as reported by Richard Santore of Bielat Santore & Company, Allenhurst, New Jersey, the broker for the sale.

In 2020, when Frank Kineavy sold Rods, he was quoted as saying: I still have another restaurant to run, Frankies in Point Pleasant Beach. I am and will always be a hands-on saloon keeper. Who knows in a year or two down the road, I may give Bielat Santore & Company another crack at selling this one for me? And then, maybe I will just ride off into the sunset; or find another saloon to run! Well, that proclamation came to fruition for Kineavy in 2021. He handed over the keys to Frankies and has officially retired, after nearly 40 years in the restaurant business.

Chefs International, headquartered at 62 Broadway, Point Pleasant Beach, New Jersey. Chefs International, Inc. operates twelve other restaurants in New Jersey. The purchase of Frankies increases the number of restaurants owned by Chefs to 14. The companys restaurant list is as follows: Lobster Shanty - Point Pleasant Beach, Jack Bakers Wharfside - Point Pleasant Beach, Sunset Ballroom Point Pleasant Beach, Patio Bar Point Pleasant Beach, Water Street Grille - Toms River, American Grill - Monroe, Moores Tavern - Freehold, Escondido - Freehold, Anchor Tavern - Belmar, 9th Avenue Belmar, Marina Grille Belmar, the Cabin Howell Township, Rods Sea Girt and Frankies Point Pleasant Beach. Chefs is a regional powerhouse restaurant company with aggressive growth plans and top-notch management, states Santore.

Frankies was always the perfect meeting place in Point Pleasant Beach, said Frank Kineavy, who opened the restaurant in 1985. Bob Cooper, CEO of Chefs International said that he has been a customer of Frankies since 1985 and he didnt think that Frankies would be available so soon, although he hoped it would. Chefs International intends to continue to operate the restaurant under the Frankies trade name and concept after making minor renovations to the facility.

About Bielat Santore & Company Bielat Santore & Company is an established commercial real estate firm. The companys expertise lies chiefly within the restaurant and hospitality industry, specializing in the sale of restaurants and other food and beverage real estate businesses. Since 1978, the principals of Bielat Santore & Company, Barry Bielat and Richard Santore, have sold more restaurants and similar type properties in New Jersey than any other real estate company. Furthermore, the firm has secured in excess of $500,000,000 in financing to facilitate these transactions. Visit the companys website, http://www.123bsc.com for the latest in new listings, property searches, available land, market data, financing trends, RSS feeds, press releases and more.