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Belmont Shore's Got You, Babe...But for How Long?

Bono's Restaurant said to be sold and Nick Co. the rumored buyer but won't confirm.

Rumor has it that Bono’s Restaurant on East 2nd Street has been sold by its owner, Christy Bono, and bought by Nick Co. But we couldn't confirm it Monday.

“Word on the street around Belmont Shore is that Bono's…has been bought by the ownership of Nick's Laguna Beach,” the Long Beach Press-Telegram reported on August 4.

The owner, Christy Bono, is the daughter of the late entertainer and Congressman, Sonny Bono.  Memorabilia including a trademark furry vest is on display at the restaurant's entrance. A manager at the restaurant said the restaurant has been around for about 8 years.  She said Monday that she was not at liberty to discuss the rumored transaction.

The alleged new owner of the restaurant, Nick Co. could not confirm that it has bought Bono’s.  The Nick Co. website, however, claims that a new Nick’s Restaurant is due to open in Belmont Shore, on 2nd Street—the same street that Bono’s is on—in Winter. Bono also owned Christy's on Broadway but it has been closed for months, and another rumor is that she will reopen that location. 

I guess Belmont Shore will just have to wait and see.

Cynthia de la Torre is working this summer for Patch and has studied with the UC Irvine Literary Journalism program. She is a foodie who has reported on restaurants to redevelopment this season. 

John B. Greet August 09, 2011 at 10:57 PM
Property owners have a right to earn as much as they can possibly receive in rents from their tenants. Well, unless you live in a more socialistic community where the government artificially controls such things. As a property owner, I am sure Mr. Schneider understands implicitly that when he charges more than the tenant market will bear, his spaces are more likely to remain vacant, earning him no income from those spaces at all. When not artificially manipulated by government, the marketplace ultimately (and rightly) determines the going rate for rents. The market will keep rents down when times are tough, and allow them to increase when the economy improves and more potential tenants can afford the higher rates.
Shore Resident August 10, 2011 at 03:58 AM
As a property owner, I charge as much as the market will bear. Is that gouging? I think not. Most restaurants (over 95%) fail within the first year. The others go stale later in life. Perhaps this is more to do with staleness, than with rents.
Panglonymous August 12, 2011 at 09:10 PM
Does that plan to make Naples a gated community still have legs? (Once LB gets impoverished enough they're sure to let it go for a song.)
rally August 16, 2011 at 01:49 AM
Bono's in hardly upscale. Have you been there recently? It's disgusting and way overpriced. Any new restaurant would be a welcome addition to the block. If a new business wants to bring their $$ here we should be thankful.
John B. Greet August 16, 2011 at 03:12 PM
Property owners have a right to earn as much as they can possibly receive in rents from their tenants. Well, unless you live in a more socialistic community where the government artificially controls such things. As a property owner, I am sure Mr. Schneider understands implicitly that when he charges more than the tenant market will bear, his spaces are more likely to remain vacant, earning him no income from those spaces at all. When not artificially manipulated by government, the marketplace ultimately (and rightly) determines the going rate for rents. The market will keep rents down when times are tough, and allow them to increase when the economy improves and more potential tenants can afford the higher rates.

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