By admin 
Shangri-La, the popular restaurant and event space in the heart of Fair Oaks Village at 7960 Winding Way, has been publicly posted for sale. Owner Sommer Peterson made the decision so that she could spend more time with her preteen daughter.
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“I started creating Shangri-La when I was a single mom, and my daughter was three, turning four, and she’s 12 now. I have not been as present as I would have liked to be for her life, and it really breaks you after a while. We’re going into these years where a young girl really needs her mom, and it’s just a time for a family change,” she said.
Stepping away from restaurant life will also allow Peterson to turn her attention to her first passion: interior design.
“Creating environments where people feel something, where they’re welcomed or inspired, comfortable, that’s what I want to be able to bring on a different level. I love to see a really ugly building, like a house, a warehouse, and somebody gives me a vision, and that’s where I shine. Shangri-La was my last design project, and I’m really ready to apply all of that in a new way,” she said.
Peterson is working with Andy Mirabell of Restaurant Realty Company, who brokers restaurant sales both in the Bay Area and Sacramento region. The business is listed for sale for $415,000.
Mirabell is more than just the restaurant’s broker; he’s also a longtime patron as he lives nearby.
“We have talked about potentially relisting it roughly a year ago, and it’s just gotten to that place where she’s ready to turn the page. She has a good foundation with her customer base and goodwill. Her team is fantastic, and we thought it was time to put it out there because it is a one-of-a-kind location and design and space. It stands apart from almost anything else,” he said.
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While the majority of Mirabell’s deals are confidential, he felt that Shangri-La’s uniqueness and status in the community made it a strong candidate for a non-confidential listing. Interest has been strong out of the gate.
“This week’s been very positive on the amount of calls, outreach and emails to me about the opportunity. I was just there showing it to three strong parties. So there’s just a very positive amount of quality interest right now,” he said.
This is not the first time Peterson has actively sought to sell the business. Last December, she posted on the business’s social media that she was seeking a buyer to take over the restaurant. In January, she reconsidered, and instead made some adaptations to make the business more sustainable for her.
Shangri-La serves a varied menu with everything from tacos and truffle fries to riblets and fried chicken. While she is ready to usher the restaurant into its next phase, she is still keen on finding a buyer that intends to retain its current spirit.
“I’m feeling like this isn’t a point of desperation. It’s a place where we’re ready to pass the torch. The restaurant is in a good position. Our staff is in a good position. Our community and guests are really, really wanting the vibe and the feel to stay. And obviously, I can’t promise that, but I am going to be really, really careful at who we choose to take the reins. We want to work with the new buyer and make sure that we have the right culture fit for Shangri-La,” she said. Mirabell agrees.
“Every owner wants to make certain changes and make it fit their vision and needs, but for the most part, everyone is aligned that they need to keep it similar and good for the community and so on. So I’m glad that there seems to be aligned values with Sommer and what the ideal situation would be for the staff in the area,” he said.
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The restaurant will remain fully operational during the search.
This story was originally published August 28, 2026 at 1:03 PM.