New French dip owner

Cole's P.E. Buffet, which along with Phillipe's lay claim to the famous French dip sandwich, is being taken over by Cedd Moses, who says he wants to restore the downtown landmark to its original 1908 charm (well, we're supposing that the place had charm 99 years ago). Cole's is the city's oldest operating restaurant and bar and according to the Downtown News has supposedly seen a bit of a bounceback in business. Moses, who also own the Golden Gopher and Broadway Bar, is closing down the place for a few months to add a modern kitchen and perhaps dust off some of the Tiffany lamps. No hint in the story on the purchase price (even an estimate), who was selling the property, or how much business the place has been doing.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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