The Back Bay Restaurant Group Agrees To Sell Its Assets

The Back Bay Restaurant Group, with popular dining spots such as Joe’s American Bar & Grill and Abe & Louie’s, has agreed to sell its assets to a California firm, Tavistock Restaurants LLC.

Tavistock Restaurants, part of a privately held investment company, is looking to take on all 33 restaurants that operate under six brands: Abe & Louie’s, Atlantic Fish, Charley’s, Coach Grill, Joe’s American Bar & Grill, and Papa Razzi, according to Amy Daniels, a spokeswoman for the Back Bay Restaurant Group.

“This is by no means a done deal, but we’ve long been mutual admirers of each other. Of all the restaurant groups out there, we know that Tavistock Restaurants has the same passion for great foods and great service,’’ said Charles F. Sarkis, founder of Back Bay Restaurant Group. “They want to be in this market and retain our employees. We’re hopeful this deal goes through. There are still many terms to be worked out.’’

The deal, which is expected to close by the end of February, will bring an end to Sarkis’s almost half-century reign over some of the Back Bay’s pre mier dining destinations.

To read the rest of the story, please go to: The Boston Globe.