Put the rumors to rest: Nora’s Fish Creek Inn, the iconic West Bank eatery at the base of Teton Pass, has not been sold. And it likely won’t be — at least in the near future.
Kathryn Taylor, who owns the joint and is the daughter of Nora Tygum, the restaurant’s namesake, listed Nora’s and the property underneath it for $10 million in June 2021.
That listing was later split into two: a $1.5 million listing solely for the business, and another at roughly $8 million for both the business and the land underneath. Taylor and her real estate agents said she received a few offers for each.
None, however, passed muster. On Thursday, the restaurateur confirmed that she was taking the listing down.
“I want to get through the summer,” Taylor told the Jackson Hole Daily. “I want to put some money in my account. I want the girls to make some money.”
Taylor said part of her decision came down to finding a new manager who “seems to be all that,” someone she feels confident will be able to run the business and manage people.
But Taylor said she also hadn’t received any purchase offers that worked for her. She considered seriously the most recent offer, which would have seen the possible buyer give her a “nice” upfront payment. Taylor, however, would have effectively loaned the buyer the balance at zero interest, allowing the buyer to pay it off over 20 years. Once that was done, the buyer would have owned the restaurant and the rights to the name.
Taylor decided that wasn’t worth it, especially after finding the new manager.
Bruce Simon, a Realtor with Prime Properties Group of Sotheby’s International Realty and one member of the team of three real estate agents that listed the restaurant, said it “never went under contract.
“None of the offers were acceptable,” Simon said.
Taylor, however, didn’t rule out selling the restaurant in the future, especially if she’s offered a “clean” $1.5 million for the business. She is also open to a future sale of the land, which she co-owns with her brother, Trace, so long as the offer is right.
“If someone were to walk in and offer me $8 million, I’m pretty sure I’d probably sell it,” Taylor said. “But if someone walks in and offers me $6 million, then, no. I can make that in five years.”
The 1.17-acre parcel where Nora’s sits also has a two-bedroom, one-bathroom home for employees and a Bank of Jackson Hole branch.
Nora and Marvin Tygum opened the restaurant in 1982 and their children worked the kitchen and tables over the years. Taylor, who took the reins about five years ago, said the restaurant was her “mom’s dream.”
The popular restaurant has been awarded Best Breakfast in the annual Best of Jackson Hole competition five times, with its streak from 2016 to 2022 broken only in 2018.
It received a James Beard Foundation award in 2012 and was featured in 2014 on “Diners, Drive-ins, and Dives,” Guy Fieri’s Food Network show.
The sale puts Taylor’s dream of opening a new restaurant in Big Piney on hold for now.
But it also means the award winning log cabin diner will continue offering breakfast and lunch — and possibly more, depending on how things go — to hungry commuters, denizens of Jackson Hole and visitors for at least a while longer.