Salis Holdings, a holding company that specializes in hospitality and leisure, recently purchased Ted’s Bulletin, a D.C. based comfort food chain. Salis Holdings purchased Ted’s in a partnership with JPB Capital Partners. The former owner, Matchbox Food Group, likely sold the restaurant brand due to internal issues. The financial details of the deal have yet to be disclosed.
Ted’s Bulletin offers American diner-style foods for all three meals of the day. Diners also feature an all day breakfast menu and an eclectic cocktail menu. The brand opened its first location in 2010 on Capitol Hill. Today, there are five locations across the D.C. metro area. Steve Salis, head of Salis Holdings and co-founder of &pizza, sees a lot of potential in Ted Bulletin and has high hopes for the small food chain.
Salis plans to revamp the design of Ted Bulletin locations before opening any new locations. Currently, the restaurant brand boasts a 1930’s inspired art deco style. Known for its infamous homemade pop tarts, Ted’s Bulletin has a positive reputation in the D.C. area. Salis wants to use this as a key driver to build a strong pastry selection and overall improve the bakery. Salis seeks a connection between the bar and restaurant; he yearns to create a sense of community to engage patrons in a fun environment. He emphasizes that community is crucial to the brand’s success.
Salis comments the following:
“We are committed to protecting and preserving the neighborhood experience Ted’s Bulletin has provided for so many guests while making improvements to the environment that supports this experience.”
Future plans include launching larger locations across the D.C. metro area and expanding to other markets in the U.S. With the embrace of locality and strong company culture, Salis is optimistic about Ted Bulletin’s future, and we’re excited to see the outcome!