Senior Advisor Wesley Cox, CCIM of SVN Miller Commercial Real Estate announces the sale of an Ocean Pines local restaurant, DeNovo’s Trattoria. Wesley was engaged by the owners to confidentially sell their restaurant after 17-years of operation. Upon executing a confidential marketing plan Wesley connected with Meredith Mears, also of SVN, who represented the buyer in this transaction.
DeNovo’s, an Italian restaurant, was located just 4 miles west of Ocean City within the Manklin Station shopping center located at 11310 Manklin Creek Road, Ocean Pines, MD. A favorite among locals, DeNovo’s has been family owned and operated for 17 years and will continue to be family owned and operated by the new owner whose name will be released at a later date. The owners of DeNovo’s will continue to operate their other restaurant, Pop’s Kitchen, located in downtown Berlin, MD.
The new owner of this location will undergo a short renovation period of the 4,860 SF restaurant and plan to reopen shortly under a new name. The new owners have a 30-year history of operating restaurants, and they are excited to enter the Ocean Pines market. “It was a pleasure to work as part of the team of dedicated professionals who cohesively saw this very detailed transfer through. I’m incredibly excited for my clients, who are well established, heavily experienced, and successful restaurateurs.”, said Mears who represented the buyers.
The buyers have announced they will honor all previously purchased and unused Denovo’s gift cards. Once the Ocean Pines restaurant opens, gift cards can be redeemed until September 30th, 2022. Gift cards will be honored at Pop’s Kitchen in Berlin, MD indefinitely.
Kelli Beck, the owner of DeNovo’s had this to say about the transaction, “Our agent Wesley Cox gave a lot of time and attention to all the details in this transaction. Even though our deal was smaller than the typical deal Wes works on, I never felt that he gave any less than 100% attention to the details. Thanks to his efforts we had a successful ending.” Cox later commented, “I grew up in my family’s restaurant so I can personally relate to many aspects of the business including the heart and sole the owners put into it. After 17-years of operating this successful restaurant, I was honored to help Kelli & Bob sell their asset and make one step closer to retirement.”
If you have a need for professional commercial real estate advisory services, please call SVN Miller Commercial Real Estate at 410.543.2440 to speak with Wesley Cox or Meredith Mears. They can also be reached at Wesley.cox@svn.com or Meredith.mears@svn.com.
