The Law Office of Lynnette Ariathurai A Professional Corporation

Did longtime Hayward restaurant have to close so abruptly?

A successful small business is often one that its founders hope will continue for generations, leaving a legacy and making the family name a familiar one in the community. This was definitely the case for Banchero's Italian Dinners, a mainstay in Hayward, California, for more than six decades. However, Banchero's closed its doors for good earlier this week.

While Banchero's loyal customers -- some of whom have been eating there from the postwar days when the restaurant operated in a Quonset hut -- are mourning the loss of a local touchstone, the owners and employees will face a much more dramatic transition: the loss of a workplace and a business. The current owner, the son of one of the founders, will have to ensure all the steps to complete his business dissolution are in place.

Some people might wonder if the end of the restaurant had to come the way it did. The owner and his son, the second and third generations of the family to work in the business, told their employees about the plan to close down just five days before the final meal was served. One employee who had been with the restaurant for 46 years said he was shocked that it was closing.

The owner, for his part, said the building was in disrepair and that the business had struggled in recent years. He didn't say what other options he had considered, but closing the restaurant on short notice was likely not his only exit strategy. Attorneys who specialize in business structure changes might have been able to help come up with other business transactionsoptions, such as bringing in a business partner, merging with another restaurant or selling the business -- if not the building, then the name and perhaps the menu of a place Californians have visited for generations.

Source: Hayward Daily Review, "Banchero's Italian Dinners in Hayward closes," Rebecca Parr, June 6, 2012

No Comments

Leave a comment
Comment Information

Awards & Honors

We’ve been the recipient of four Best of Fremont awards. The Best of Fremont is an annual project of the Argus newspaper.

Get Started

Get Started

Call 510-794-9290 or complete our online contact form to schedule a consultation.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

The Law Office of Lynnette Ariathurai, A Professional Corporation
39300 Civic Center Dr., Suite 110
Fremont, CA 94538

Phone: 510-794-9290
Fremont Law Office Map