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Friday, August 6, 2010

Ike Speaks: Facing Aug. 26 Eviction, Ike's Place Owner Making Offers on New Spaces

Posted By on Fri, Aug 6, 2010 at 12:33 PM

Ike Shehadeh says he still hsan't received formal notice of eviction. - DAWN M./YELP
  • Dawn M./Yelp
  • Ike Shehadeh says he still hsan't received formal notice of eviction.
Ike's Place owner Ike Shehadeh told SFoodie he's looked at between 40 and 50 potential new locations in San Francisco for his wildly popular sandwich spot. This morning, SFGate reported that Ike's received an eviction notice Wednesday, stipulating that Shehadeh must vacate his current Castro storefront by August 26.

The order came from S.F. Superior Court Judge Peter Busch; Ike's landlord began eviction proceedings in March. Residential tenants in the building have long complained about noise, crowds, and fumes, and last week, nearly three years after Ike's opened without the proper permits, the city's Planning Department began to fine Ike's Place $250 a day.

Shehadeh told us he learned of the eviction order late last night, after returning home from a trip to Washington state. He said his assistant regularly combs through Superior Court notices, and it was she who tipped Shehadeh to the eviction. He says he still hasn't been served with any formal order. As for the August 26 deadline, Shehadeh said he was going by press reports. "We haven't heard anything to say that that isn't true," he said.

Meanwhile, Shehadeh said his search of up to 50 properties in San Francisco ― he called staying in the Castro his "number one choice" ― hadn't yielded any likely spots to relocate to.

click to enlarge Ike's Place owner Ike Shehadeh has searched as far as Seattle for new locations. - STACEY D./YELP
  • Stacey D./Yelp
  • Ike's Place owner Ike Shehadeh has searched as far as Seattle for new locations.
"I've actually put offers on several spaces," Shehadeh revealed, but said he hadn't been able to negotiate terms with the landlords. "People seem to think if I put in an offer, it's going to be a gold mine, so they charge me a premium," Shehadeh said. "I can't pay their over-inflated prices."

A new Ike's is scheduled to open September 1 at Stanford University (there's also an Ike's Place in Redwood Shores). "Other than one space in one city, everything is fine," Shehadeh said, referring to his Castro troubles. Still, he said, not having a San Francisco shop isn't really a possibility. "My business plan has always accounted for Ike's Place in San Francisco to make the money." And he said that, while he could sell the business on 16th Street to raise some cash, he wouldn't make enough to finance a new S.F. shop.

Shehadeh acknowledged that his trip to Washington was in part to scout possible Ike's Place locations. "There's some opportunities there," he said, "but having a new location in Stanford and one in Seattle ― I'd physically have to move there for awhile."

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