As COVID-19 shutters many restaurants around the country, one company is exploring opportunities to acquire vacant or closed restaurants and bars with kitchen space.
Cordia recently launched a division called Virtual Dining Brands to consolidate its virtual concepts. The company's virtual restaurants are intended to scale aggressively. The company already has two active online restaurants—Vegas.Pizza and KO Sports Bar and Grill—operating now. It also has a burger restaurant called Supreme Burger that is slated to launch soon.
Peter Klamka, CEO of Cordia, who owns a restaurant and is involved in the nightclub industry in Las Vegas and Los Angeles, actually began building his off-premise business model last year as he noticed more of his food sales coming from delivery. But COVID's restaurant closings have made his business 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.
