What's happening with Tom Schwartz and Tom Sandoval's potential bar, Tom Tom?

Tom Schwartz and his "Vanderpump Rules" co-star, tom sandoval, sat down with Lisa Vanderpump during Monday night's season five finale episode and during their chat, the two Toms were presented with a big opportunity to team up with Vanderpump and her husband, Ken Todd, on a new project.

As fans saw last night, Vanderpump approached the men during Katie Maloney and Tom Schwartz's wedding reception.

However, despite the incredible proposal, Schwartz didn't seem to be initially on board with the idea. As he admitted during an interview with The Daily Dish this week, his first reaction was to turn down the news.

"At first I was just like 'Oh my god, I can't do this. I don't want to tarnish your reputation that you spent 30 years building,'" he explained to the outlet, adding that he was emotionally fried due to his wedding having taken place just hours prior. "I could not process it," he said, but now, he's excited to see what happens.

There are no set plans for Tom Tom quite yet

According to Tom Schwartz, the group has looked at a location near PUMP Lounge in West Hollywood, but so far, a venue hasn't been nailed down.

That said, they have engaged in some creative conversations and Schwartz remains excited about the upcoming opportunity to work with Vanderpump and Todd, who have had tons of success in the restaurant/bar world with Villa Blanca, SUR Restaurant and PUMP Lounge.

What does Katie Maloney think of Tom Schwartz working with her boss?

"It's like a massive compliment for them to approach you and be like, 'We want to do business with you,'" she told her husband during Monday night's episode of "Vanderpump Rules." As fans will recall, Maloney began working at SUR Restaurant as a waitress years ago and has also served as an assistant to the "Real Housewives of Beverly Hills." That said, she definitely won't be leaving SUR Restaurant to work at Schwartz's potential new place.

To see more of Tom Schwartz, Tom Sandoval and their co-stars, don't miss the three-part "Vanderpump Rules" reunion special, which begins airing next Monday night, April 3, at 9 p.m. on Bravo TV.