As COVID-19 shutters manyrestaurants around the country, one company is exploringopportunities to acquire vacant or closed restaurants and bars withkitchen space.
Cordia recently launched adivision called Virtual Dining Brands to consolidate its virtualconcepts. The company's virtual restaurants are intended to scaleaggressively. The company already has two active onlinerestaurants—Vegas.Pizza and KO Sports Bar and Grill—operating now.It also has a burger restaurant called Supreme Burger that isslated to launch soon.
Peter Klamka, CEO of Cordia, whoowns a restaurant and is involved in the nightclub industry in LasVegas and Los Angeles, actually began building his off-premisebusiness model last year as he noticed more of his food salescoming from delivery. But COVID's restaurant closings have made hisbusiness plan even more relevant.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
