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Friendly Toasts are for sale

Print | Comments () Posted by Devra First September 14, 2011 04:54 PM

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Seacoast Online reports that both branches of the Friendly Toast are on the market. The original restaurant is located in Portsmouth, N.H., while closer to home a Friendly Toast opened in Cambridge in the spring of 2009. It's a package deal, with a price tag of $1.875 million for both establishments.

Known for kitschy decor, Guy Scrambles, banana-chocolate chip-peanut butter pancakes, and sandwiches on homemade bread, the Friendly Toast has a history of financial woes. A few months after the Cambridge restaurant opened, owners Melissa and Robert Jasper announced they were in debt and it was likely they would have to sell. Seacoast Online reports that in 2010, the Portsmouth Toast was operating with a tax lien against it and all property owned by the Jaspers for their failure to pay state meals taxes. Now, the Jaspers say they are selling because they are ready for new opportunities and hope to open a restaurant in Detroit.

Although the funky Friendly Toast was beloved by many, some complained about the food and service and said the restaurant wasn't as clean as it might be. With Kendall-area dining developing apace, this could be a great opportunity for the right buyer.

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Devra First is the Globe's food reporter and restaurant critic. Her reviews appear weekly in the Food section.

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