The Place restaurant, which has been serving diners at the corner of Lexington and Ashland avenues in Buffalo for 64 years, closed on Sunday.
The restaurant had planned to shut down in early July, but remained open while Robert Rich Jr., the president of Rich Products Corp., considered buying The Place.
Those efforts did not lead to a sale, and owner Ken Moriarity decided to close the restaurant. "It just didn't work out. It just wasn't in their acquisition future," he said.
Despite the closing, Moriarity said he still hopes to sell The Place, which employed 18 people.
"It's just time to move on for us," said Moriarity, who noted that the long hours associated with running the restaurant have made it a challenge to balance those demands with his family responsibilities. "It's hard to spend time with your family."
The restaurant opened in late 1941 and was run for many years by Bernie Flynn. Moriarity's father and uncle took over the business in 1964 and Moriarity began running it about 16 years ago.