By Martin Van Der Werf
Of the Post-Dispatch
04/05/2005
UPDATES: The Edge restaurant will live again. Closed in December after its former owner went bankrupt, the restaurant space near Lafayette Square was the subject of a fierce bidding war in bankruptcy court.
Kent Hirschfelder, who brokered the deal, says the owners had a deal to sell the business for $265,000, but when the bidding ended, the price was $380,000. The winner, Dave Freese of Kirkwood, owns 13 Taco Bell and Steak'n Shake franchises in Missouri, Illinois, Indiana and Kentucky. He plans to keep the restaurant's basic set-up, with an informal lunch counter side and a sit-down restaurant. He hopes to reopen in late summer.
Of the Post-Dispatch
04/05/2005
UPDATES: The Edge restaurant will live again. Closed in December after its former owner went bankrupt, the restaurant space near Lafayette Square was the subject of a fierce bidding war in bankruptcy court.
Kent Hirschfelder, who brokered the deal, says the owners had a deal to sell the business for $265,000, but when the bidding ended, the price was $380,000. The winner, Dave Freese of Kirkwood, owns 13 Taco Bell and Steak'n Shake franchises in Missouri, Illinois, Indiana and Kentucky. He plans to keep the restaurant's basic set-up, with an informal lunch counter side and a sit-down restaurant. He hopes to reopen in late summer.