Buyer Rumored to Take Over Toronado

Recent reports indicate that there is a potential buyer for the iconic beer establishment Toronado, located in Lower Haight, San Francisco. While the details of the transaction remain unconfirmed, local entrepreneur Orion Parrott has been noted in a Telegram chat discussing the acquisition.

The Legacy of Toronado

Founded in 1987 by Dave Keene, Toronado has become renowned for its extensive beer selection and a cash-only, no-frills atmosphere. The bar was once complemented by an adjoining sausage shop, creating a classic pairing of drinks and food that catered to beer enthusiasts.

As Parrott expressed, there is a desire to “preserve its legacy” as operations transition, aiming for continuity in both staff and the bar’s popular beer offerings after he potentially assumes ownership within the next three to five months.

Plans for Expansion

Parrott’s intentions for Toronado extend beyond maintaining its current charm. He has voiced aspirations to expand the establishment into a global brand, hinting at the integration of cryptocurrency elements into the business model. “It probably won’t be a meme coin but some kind of coin,” he noted, indicating the establishment of a digital currency linked to the bar.

Interestingly, a Twitter account (@ToronadoCash) associated with this new venture has already been created, suggesting an active move toward this digital branding shift.

Community Reaction

The prospect of a cryptocurrency investor taking charge has sparked mixed reactions among local fans and observers. Some community members, including two self-identified skateboard enthusiasts interested in buying the bar, criticize the idea, comparing it to “bringing a Tesla to a hot rod meet.” This sentiment reflects broader concerns about San Francisco’s evolving cultural landscape and the perceived encroachment of tech wealth.

Future of Toronado

While the future is still uncertain, many loyal patrons of Toronado feel a sense of relief knowing the bar is likely to continue operating after its ownership changes hands. As long-standing favorites like Anchor Steam navigate similar transformations, it appears that Toronado may remain a beloved staple in San Francisco’s bar scene.