Inside the $5 million overhaul of Skaneateles' The Krebs Restaurant

The Krebs Restaurant is back. Four years after the previous owner closed it, and sold off everything from the dishes to the chairs, the historic restaurant is almost ready to open. The overhaul was an estimated $5 million dollar investment by scrap metal tycoon Adam Weitsman and his wife Kim.

The Weitsmans bought the property in 2010 for a little more than $1 million dollars. They have spent the years since the purchase giving it a dramatic overhaul. "I hope it's going to be a little like dining at home, a place where family and friends can come together," Kim Weitsman said.

The interior decor is all new. The decorating was done by McAlpine Booth and Ferrier, a firm with offices in Nashville, New York City and Atlanta. Click here to see more of their work.

The Krebs served its first meal in 1899. When it opens August 15 it will serve dinner on Thursdays, Fridays and Saturdays. The restaurant will also serve Sunday brunch. The Weitsmans hired Austin Johnson to be the Executive Chef. Johnson says he's thrilled to be in Central New York and says restaurant patrons will have many options. There will be a seven course tasting menu available for a fixed price. Diners can also order from an ala carte menu. Johnson comes to The Krebs from The Nomad in NYC and also cooked aboard a commercial fishing vessel in Alaska.

"The focus is farm to table, local food, kept simple," Kim Weitsman said. She knows people have been wondering why it has taken four years to ready the facility for guests. "Our goals and our vision changed a bit, and this became grander as we got more excited about it. We really want people to build memories here," she said. Click here for the restaurant's website, which will be updated in the next few weeks.