Frank’s Famous Kitchen and Bakery will live to make meatballs for another day.
In February, Roger Frey, the owner of the Sparr Heights deli, sent an e-mail blast to customers saying he was on the edge of a financial cliff.
Roughly $10,000 behind in his rent and payments for services at the shopping center on the 3300 block of North Verdugo Road, Frey said Frank’s Famous would close unless someone could help finance the business he launched in 2004.
A loan from a bank in the current financial climate was a long shot, he said. He had already trimmed staff and expenses and felt he was beginning to ride out the recession, but was testing the limits of his landlord’s patience.
On the morning Frey’s woes hit the Glendale News-Press, things began to stir. By 10 a.m., Frey had received a call from a potential investor who wanted to meet him. The two met for two hours that afternoon, discussing Frey’s financial situation and his deli’s strengths and weaknesses.