Embroiled in legal battles, bankruptcy and more over the last few months, the owners of Ciao restaurant in Roseville have decided to shut down. The incidents began with the hiring of a paid consultant during the opening weeks of the Italian eatery, which eventually spiraled into allegations of embezzlement, mismanagement of funds and close to $300,000 missing from the coffers of the restaurant owners. It only took a few months for the chapter 11 bankruptcy notice to be filed and from that point, we will be losing one of our restaurants within the next couple months.
It’s difficult to face news of this nature, especially seeing as most of the restaurants in the Placer County area have rather dedicated customers, relationships that have been formed over many years of providing a service to the region. We all seem to have our favorite restaurants, our favorite staff and the places we like to visit on a regular basis, which makes it difficult to see a new business open up in attempts to establish that type of relationship themselves, only to face hardships and financial issues right out of the gate.
It can also be difficult to entice new businesses into the area when situations like this arise to past efforts. Which has always been one of the goals of the county, bringing in new and exciting venues for residents across the Placer County area to enjoy. Though many of the businesses that come into the area aren’t as likely to face the same situation, as they will often have their business goals already said, there initial startup costs cared for and with more franchises looking at the Placer County area as a space to open, the risk of this same issue happening is rather low.
We all want to ensure that the Placer County area is a space that businesses can look to with excitement, knowing that they have the capability to infuse themselves in the community and to flourish while providing a service to local area residents and visitors. We hope that the news of this particular situation happening doesn’t deter further efforts made by various business owners. It’s difficult to see a situation like this happening but at the same time it does go to demonstrate the level of risk and reward that comes with any type of business opening.
Whatever the future holds next for the particular owners of this restaurant, we hope that it’s a future of benefit and that they have the capability to once again make an attempt at having their restaurant ownership dreams become a reality. We want to present a space that is inviting and enticing to a number of business owners and hope that situations of this nature aren’t all that common, giving more reason for potential business owners to turn to the Placer County region as their future destination. We may be short one restaurant, but we hope it’s not a sign of the times.