POINT PLEASANT BEACH: Frankie’s Bar and Grill which has been operating since 1985 closed its doors yesterday to renovate for new ownership. The restaurant which is a staple in town for the the locals has been sold and is under new ownership. Jefferey Palumbo said “After making countless friends and memories spanning over 2 decades, I bid farewell! It was a great run!” Frankie’s was bought out by Chefs international. All current employees of Frankie’s will be working at the restaurant, or sister restaurants owned by Chefs International.