On paper, Schwartz & Sandy’s seemed like a good idea. Tom Schwartz and Tom Sandoval were at the top of their game, but between the increasing cost to run a restaurant and a nasty little cheating scandal that rocked Vanderpump Rules, business wasn’t booming for the Toms.
The bar shut down at the end of 2024, and since then, Tom has been very candid about the lessons he’s learned from the experience. Now, he’s opening up about just how much money he lost from the failed endeavour. It was a fortune.
Tom Schwartz says he lost “600 grand maybe” when Schwartz & Sandy’s shut down
Tom appeared as a guest on the October 13 episode of Lala Kent’s recently rebranded podcast, Untraditionally Lala. He kept it very real when talking about the financial hit he took when Schwartz & Sandy’s closed last year.
“I probably lost 600, 700 grand, which is insane. I don’t know, 600 grand maybe,” he revealed.
Of course, Schwartz said he spent a lot of time thinking about all of the different ways he could have used that money. He joked that he could have had “five rental properties” in Florida, and honestly? He’s probably not wrong.
Instead of rental properties, he’s left with a shuttered bar and a bad taste in his mouth for the business. He also walked away with a lot of lessons about what not to do in the bar and restaurant industry. These days, however, he said he’s moved past the financial loss. He’s not losing sleep over it — at least not anymore.
“I don’t think about it anymore,” Schwartz said, noting that he “released it.”
He continued, “I had so much pent-up resentment and frustrations, but I let that all go. I truly let it go. I’m at peace.”
Vanderpump Rules is streaming on Peacock.
TELL US – ARE YOU SURPRISED BY HOW MUCH MONEY SCHWARTZ LOST ON THE BAR? DO YOU THINK THINGS WOULD HAVE TURNED OUT DIFFERENTLY IF SCANDOVAL DIDN’T BLOW UP?
