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Another California Business Bites The Dust
It's the end of an era for Vanderpump Rules fans. Lisa Vanderpump has announced that PUMP is closing its doors for good after ten years because the rent is just too damn high. "It's with heavy hearts that we announce that the lease at PUMP Restaurant is expiring, and we will be closing its doors on July 5th after 10 years of beautiful evenings under our olive trees."
As for the reason why? Lisa's landlords raised their yearly rent to a whopping $1 million. "While we have loved our time operating PUMP, to take on another 10-year lease with a huge increase in rent by the landlords, is not something we are ready to commit to," the 62-year-old restauranteur added. "After successfully running 37+ establishments for many years, this type of rent is untenable." Lisa concluded, "Thank you for the past decade of support, we have loved our staff, our patrons and our time together."
Pump opened down street from Lisa's SUR restaurant in 2014 and quickly became a hotspot for celebrity Bravoholics, including countless maonstream celebrities. PUMP got a kick start by being featured many times on both The Real Housewives of Beverly Hills and Vanderpump Rules.
Lisa's restaurant Tom Tom (co-owned by Tom Sandoval and Tom Schwartz) is also just a few doors down on the same block. Despite PUMP's closing, the Todds are opening two more restaurants at Caesars Palace in Las Vegas. Vanderpump à Paris opened a few years ago at the same resort.
UPDATE: The landlord for the PUMP lease has now made a statement of their own. “Lisa’s comments regarding the rent for Pump are not accurate. We did not raise the rent and in fact have been nothing but supportive as they tried to catch up on lease obligations, including forgiving some rent during Covid,” the statement read.
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