1. Iconic Student Prince Cafe, Fort restaurant sold for $160,000 in Springfield, Peter Picknelly confirms

    Iconic Student Prince Cafe, Fort restaurant sold for $160,000 in Springfield, Peter Picknelly confirms

    Bus magnate Peter A. Picknelly purchased the iconic Student Prince Cafe and Fort restaurant for $160,000, he confirmed. The sale does not include the property on Fort Street, but the business and all of its contents save for the fabled beer stein and corkscrew collections owned by the Scherff family. Those valuable collectibles will be on lease annually, said Picknelly, chairman and CEO of Peter Pan Bus Lines.

    Read Full Article

    Login to comment.

  1. Categories

    1. Industry Clusters:

      Aerospace/Defense, Business Development, Creative Economy, Education, Energy, Entrepreneurship, Financial Services, Green Region, Health Care, Information Technology, Life Sciences, Logistics, Manufacturing, Medical Devices, Paper Manufacturing, Plastics, Retail, Tourism, Transportation, Workforce
  2. Quotes

    1. This is a very amicable purchase and sale. Rudy (Sherff) will be staying on as the head maitre d' and face of the restaurant. His nephew will stay on as head chef ... and they'll stay in those roles without the stress.
    2. That was a hard pill to swallow not to be open by then. October is a big month for the Fort. But I'd rather do it right than do it quickly.
    3. A restaurant losing money does not have much value.
    4. There will be a formal announcement next week.
    5. This decision was made more with the heart than the head.
  3. Topics Mentioned

  4. Authors