Yes, Tom Sandoval and Tom Schwartz are indeed co-owners of TomTom, although they hold a minority stake in the popular Los Angeles establishment.
TomTom Ownership Structure
TomTom is a joint venture, primarily driven by Lisa Vanderpump and her partners. While Tom Sandoval and Tom Schwartz are prominently associated with the bar, their ownership share is a specific percentage of the business.
Specifically, the two Toms collectively own 5% of TomTom. The remaining majority ownership is held by Lisa Vanderpump and her business partners. This structure highlights their role as integral public faces and creative contributors to the bar, while the primary financial backing and control reside with Vanderpump and her team.
The ownership breakdown can be summarized as follows:
| Owner(s) | Ownership Percentage | Role |
|---|---|---|
| Tom Sandoval | Part of 5% | Co-owner, public face, creative input |
| Tom Schwartz | Part of 5% | Co-owner, public face, creative input |
| Lisa Vanderpump & Partners | 95% | Majority owners, primary financial backing, operational control |
This arrangement is common in the hospitality industry, where recognizable personalities are brought in as minority partners to leverage their brand and appeal, while established restaurateurs maintain control and financial oversight.
