Steins Beer Garden in Mountain View has been sold to a national restaurant operator planning to convert it into a Mexican restaurant called Barrio Queen. The founder, Ted Kim, decided to sell the establishment due to a loss of customers and increased expenses. The buyer, Ricky Singh, who owns various franchises, will keep the restaurant open while reimagining the space over the next year. The sale attracted multiple offers, indicating the high desirability of such restaurant assets in the current market.
Ted Kim announced he was selling Steins due to a decrease in customers and a surge in expenses, which prompted a bidding war for the property.
Ricky Singh, owner of several franchises, plans to operate the current Steins restaurant before transforming it into a Mexican concept called Barrio Queen.
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