Nonetheless, as a consequence of monetary challenges, issues shifted between Sandoval and Schwartz after they closed the bar’s doorways for good in December 2024.
In a brand new interview, a supply near Tom Schwartz and Sandoval mentioned the place the pair stands at the moment and revealed that issues have not been going effectively. The truth is, the supply asserted that their failed enterprise truly “ruined” their friendship.
Article continues under commercial
Tom Schwartz Reportedly Vows ‘By no means’ To Go Into Enterprise With Tom Sandoval Once more After Bar Closure
After becoming a member of forces with Lisa Vanderpump to open their first bar, “TomTom,” Schwartz and Sandoval ventured out on their very own to open their second institution, “Schwartz & Sandy’s.”
Nonetheless, a while after opening, their bar’s site visitors declined, reportedly as a consequence of elements together with the COVID-19 pandemic and Sandoval’s salacious affair with Raquel Leviss, dubbed “Scandoval.”
“Sadly, the present local weather for this enterprise is fairly tough,” Schwartz informed PEOPLE in 2024. “Recovering from all of the negativity post-scandal wasn’t straightforward, and the slimmer margins post-COVID made it even more durable to bounce again. There’s not a whole lot of room for error within the restaurant/bar enterprise.”
Article continues under commercial
“It is already a tricky enterprise, and the injury from relentless destructive press over the past yr made it even more durable,” he added. “It was troublesome to not really feel resentful and bitter, however ultimately, we needed to let it go — no extra replaying what went mistaken.”
Now that Schwartz has had time to replicate on what went mistaken, a supply informed The US Sun that the truth star has been very “vocal” about “by no means” going into enterprise with Sandoval once more.
The supply added that “Schwartz and Sandy’s closing ruined their friendship,” earlier than stating it “put a extreme fracture of their relationship that they’ve partially recovered from, however I do not suppose they totally ever will.”
Article continues under commercial
Schwartz Is Financially Recovering From The Loss Of The Bar

In accordance with the supply, the “monetary wreck” strained their relationship and led to many “nasty fights” and disagreements over what was greatest for the enterprise.
“On the finish of the day, there’s nonetheless love, however the belief they’d earlier than has been damaged between them,” the insider shared.
In addition they added that Schwartz, 42, remains to be “financially recovering” from the bar’s closure and dropping “Vanderpump Guidelines” hasn’t helped him, both.
Article continues under commercial
Schwartz Says They will At all times Be Household

Regardless of these challenges, Schwartz has beforehand acknowledged that he and Sandoval will always be like family, contemplating their years-long friendship.
“He is household for me,” the 42-year-old mentioned. “I’ll at all times love Tom Sandoval, however in fact, I’ve some deep-rooted frustrations nonetheless. However not holding onto that sh-t.”
“I am at the very least proud to say that I can stroll away figuring out that I put the whole lot I had into that place,” he famous. “Virtually all of my cash. Lord is aware of I over-leveraged myself. I really feel like we actually by no means have been totally accepted or embraced by the neighborhood, however I am f-cking pleased with that place.”
Article continues under commercial
Tom Schwartz Is At Peace With The Loss Of His Bar

Schwartz additionally mentioned that now that his bar is closed, he is discovered a brand new “sense of peace” that was unfamiliar to him earlier than, stating the bar’s funds put him in a continuing state of “nervousness.”
“It was like perpetual, fixed nervousness—while you’re hemorrhaging cash. And you understand that this place together with your identify on the aspect of the constructing isn’t doing as effectively. Your staff are struggling now. They can not pay their payments. It is only a lot,” he mentioned.
Nonetheless, Schwartz additionally realized a lot from the expertise and located a brand new “appreciation for all times.”