NEWSLETTER
The Pizza restaurant sector has faced significant anguish in recent years caused by several economic problems, such as the increase in food and labor costs, the increase in interest rates of their debt and the fierce competition of rival chains.
Restaurant operators have closed or sold locations, and in some cases, they declared themselves in bankruptcy of Chapter 11 to reorganize their businesses.
Domino's Pizza is the most prominent pizza chain that faces the main restaurant closures, as its main Domino's Franchises Pizza Enterprises revealed in February that will close 205 low performance locations, including 172 units in Japan.
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Marco's Pizza is another important chain that faced economic problems such as its franchise owners of the Tampa Bay area, Terry Burkholder and Ben Finley, who possessed 19 locations, declared bankruptcy of Chapter 11 in November 20, 2024 to reorganize and sell four low performance restaurants.
Banking to the Pizza Hut EyM Pizza LP franchisee, former owner of 142 franchise locations, sold 77 of its restaurants in Georgia, Illinois, South Carolina and Wisconsin to six bidders separated in January, including Yum brands Yum (Stammerer) Pizza Hut LLC franchise, at a bankruptcy auction for around $ 11.78 million.
The franchisee had closed 15 of his locations in Indiana and Ohio in July 2024 before declaring himself in bankruptcy. It will close another 50 locations that you could not sell.
Mod Pizza, based in Seattle, closed 27 of its 500 stores, and considered a bankruptcy presentation in July 2024, but instead found a buyer when Elite Restaurant Group bought the chain and continues to operate.
Mama's Pizza and Héros
The breast pizza closes the location after the locking warning
And now, the Tucson-based pizza dining chain, Arizona, Mama's Pizza & Heros, has closed a second location in less than two years after the owner of his restaurant in North Oracle Road in Gold Valley, issued a closing order for the lack of rental payment, Kgun-TV reported.
Related: Barbecue chain with difficulties closes large restaurants
Mama's Pizza has two remaining locations in 4500 E. Speedway and 50 S. Houghton Road in Tucson.
More closures:
- Popular retail chain to close non -profitable store locations
- Banking retail chain downloads store leases, key assets
- The popular discount retailer presents bankruptcy, closes all stores
The commercial block warning said that the property administrator was finishing the tenant's right to occupy the facilities and that the owner can re -enter the property and take possession of the property. The notice said the tenant was still responsible for all the sums owed until the lease contract expires.
The property administrator also has the option of obtaining a tax on the personal property of the tenant located in the facilities and is not exempt by law as necessary to ensure the payment of the rent, according to the notice.
You can sell a seized restaurant property
If the rent is not paid within 20 days after the seizure, the property administrator can sell the property to recover the unpaid rental, according to the notice.
The breast pizza had not requested bankruptcy protection in the last check. However, if the company presents a petition, all legal actions against it would be subject to an automatic stay while continuing its bankruptcy case.
The Pizza chain in July 2023 closed another location of Tucson in 6996 E. 22nd St., Tucson Foodie reported.
The breast pizza originated in Long Island, New York, in 1979, but moved to Tucson in 1981 near the University of Arizona campus. That restaurant closed in 2021 due to the renewal of the University Business District. However, four other locations opened over the years in Tucson.
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