Danieli said insurance covered the loss and the insurers gave the go ahead to start work on the new structure. It’s about a $5 to $7 million project, not including the land, he said. Building permits for the original structure valued the project at $7 million.
The land was sold to an LLC affiliated with the Restaurant Depot for $550,000 in January 2018, according to Montgomery County records.
When the tornado hit, there was only equipment in the building, no merchandise, Danieli said.
“In some ways, it was way better for this to happen before we opened than after we opened,” he said. “It probably would have gotten rid of several million dollars worth of inventory. People would have been working — A big disruption.”
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The company was also just starting signing up customers in the area when the tornado caused a timeline setback, he said. That was lucky because if it was later, the area businesses signing up with the company would have already left their other distributors.
Restaurant Depot has more than 120 stores, including four others in Ohio’s major cities in Cincinnati, Columbus, Akron and Cleveland.
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