It’s unclear what will happen to the restaurant. At this point, there are two potential scenarios.
The company that owns the Taco Bell on the east side of the I-75-Ohio 571 interchange near Tipp o’ the Town has the equivalent of first dibs on the property, an option to purchase that extends through the next few weeks, Loubier said. If no deal is finalized during that time frame, Loubier said a second, unidentified potential buyer is interested in purchasing the property, and has indicated to Loubier that the restaurant would likely reopen as Tipp o’ the Town.
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The building has housed a restaurant since the mid-1960s, when an Aunt Jemimah’s Pancake House opened there, and it has had stints as Calico Kitchen, Ye Old Family Inn and Cindy’s, Loubier said. When he opened Tipp o’ the Town in the fall of 1988, the space had been empty for more than a year.
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The restaurant endured some lean years, especially during the 2006-08 recession, but Loubier said sales have been growing at a steady pace each of the last three years, and are up 5 percent so far this year.
“It’s a very successful restaurant,” he said. “We have some very, very loyal customers.”
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The restaurant has served four generations of some families over its 29-year span, Loubier said.
Tipp o’ the Town’s closure will impact 20 to 25 employees.