Tom Schwartz only announced that Schwartz & Sandy's would be closing on November 25, but he already knows what his next professional move will be. After confirming the news about

Tom Schwartz and Tom Sandoval’s Los Angeles bar Schwartz & Sandy's is closing after two years, the 'Vanderpump Rules' stars tell PEOPLE.

Vanderpump Rules stars Tom Schwartz and Tom Sandoval announced they are closing down their Los Angeles lounge Schwartz & Sandy’s after two years. The longtime co-stars both announced the news Monday (Nov. 25). The lounge and bar will close at the end of the year and is currently booking events through the next few weeks.