Rosebud 381 Summer Street License

At a glance

What: the all-alcohol license held by Benidas Concepts Inc. (apparently "Bindas" or similar; spelling uncertain in captions), doing business as Rosebud at 381 Summer Street. The restaurant has not operated for months.
Where it stands: an owner told the commission on Oct 20 that the lease was cancelled and the license is being transferred back to the landlord entity, 381 Jumbo LLC, to settle an outstanding balance from the 2023 purchase.
Next: the commission wants written proof of the transfer, and the owner is to tell the City Clerk's office that the restaurant is permanently closed.

The business bought the restaurant from the Alpine Group in June 2023; the owner said the purchase was financed by a note and a lien was placed on the license, which has not been paid off.
The owner said no other liens or ABCC processes are pending and that all vendors were paid.
Chair Lynch advised that the commission must be formally notified of any transfer; the owner had assumed the landlord's attorney would do so.
Commissioner Allen noted a transfer to someone not opening an establishment is unusual and the commission will need guidance when it comes before them.
The chair asked the City Clerk to follow up by email if nothing arrives by the end of the week, and removed the item from the agenda.

About 7 minutes across 1 meeting (from transcript timestamps; approximate).

Meeting	Minutes
2026-10-20 - Licensing Commission	7

2026-10-20 - Licensing Commission - Owner Babu Koganti reported the lease was cancelled and the license is being transferred to the landlord entity; commission requested proof of transfer and written notice of permanent closure; item dropped from the agenda.