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Schwartz Admits Financial Investment in Schwartz & Sandys Is “Still Haunting” Him Today
Tom Schwartz opened up about how his "high-stakes venture" with Tom Sandoval has inspired him to make "sound financial decisions."
As Tom Schwartz explained to The Daily Dish in February, going through the process of owning and operating Schwartz & Sandy's has made him "a better person." However, the bar has also made him more conscious of how he spends his money.
On Vanderpump Rules Season 11, Episode 13, Tom Sandoval revisited the idea of Schwartz moving into his house and paying him $6,000 in monthly rent, but Schwartz was quick to shut him down.
"[I] can't afford that," he said. When Sandoval disagreed, Schwartz declared, "Dude, the bar almost ruined me."
"I just want to make sound financial decisions from here on out," he added in an interview during the episode, which aired on April 23. "I mean, the last high-stakes venture I did with Sandoval, you know, it's kind of still haunting me to this day."
How much did Tom Schwartz invest in Schwartz and Sandy's?
Schwartz's financial caution is understandable. On the Season 10 premiere of Vanderpump Rules, Sandoval revealed that he and Schwartz "invested a million dollars into this project.”
Later, on Part 1 of the show’s Season 10 reunion, Lisa Vanderpump explained that she returned both Schwartz and Sandoval's investments in Tom Tom “the week they opened [Schwartz & Sandy’s] because they needed money.”
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Are Tom Schwartz and Tom Sandoval moving in together?
As previously mentioned, the conversation surrounding Schwartz's finances kicked off when Sandoval asked Schwartz to move in with him on Season 11, Episode 12. Schwartz said no at the time, explaining, "I can not in good conscience put [$6,000] toward something that I'm not going to get a return on. I'm not building equity in here."
However, later on Episode 13, it seems he had a brief change of heart. After initially telling Sandoval he couldn't afford to move in with him, Schwartz told Jax Taylor about the potential move. "It just makes sense. We have bars together, we work together," he said.
In a conversation with Ariana Madix, Schwartz explained he had once again reconsidered it and was likely not going to move in with Sandoval after learning more about the financial details.
"I can't afford it," he said. "After Tom refinances, it's a huge loan. It's like 10 percent."
Ariana started to muse, "That's like a $20,000 —" Schwartz corrected her, saying, "$22,000."
In an interview, Ariana quipped, "This is probably hands-down the most expensive bromance in history."
