Michael Solomonov, Steve Cook, and Erin O'Shea's popular South Street barbecue spot, Percy Street Barbecue, is currently in the process of being sold, according to a report by Philly.com.
The CookNSolo empire, which includes Zahav, Abe Fisher, Dizengoff and Federal Donuts (plus the upcoming Rooster Soup Co.), will say goodbye to their seven-year-old barbecue and canned beer haven for reasons none other than "it no longer fit in CookNSolo's portfolio".
Solomonov and Cook released this statement today:
All of us at CookNSolo are incredibly proud of Percy Street, the restaurant that we have built, tinkered with and always tried to improve upon over the last 7 years. None of this would have been possible without the limitless dedication, talent, and grace of Chef/Partner Erin O'Shea. As the center of gravity of our company changes, we believe that a new ownership group with fresh energy is the best way for Percy Street to continue its mission of being the tried and true barbecue joint that Philadelphians love.
With two partners, Jasper Singh, owner of Middletown, Delaware gastropub 1861 Restaurant, will assume ownership in 90-120 days — the length of time it takes to transfer a liquor license. The restaurant will remain open during the change of hands, and after the sale, it'll be "business as usual".
Erin O'Shea, Percy Street's chef and co-owner, will remain in the company.