Nation’s Restaruant News
EYM Pizza L.P., a Pizza Hut franchisee that filed for bankruptcy in July, is selling all 127 of its stores in Illinois, Indiana, Georgia, South Carolina, and Wisconsin, as part of a financial restructuring process.
EYM engaged M&A advisory and brokerage firm National Franchise Sales to facilitate the sale, including assistance in the asset recovery process to maximize recovery for creditors. EYM’s bankruptcy filing listed two creditors: Manufacturers Bank, which it owes more than $21 million, and Pizza Hut itself, which is owed just under $2.25 million. More
Pizza Hut – the only company to ever come up with 2,875,392 different things to do with pizza dough…none of them great.
They opened a Pizza Hut in my town about five years ago, and at first I was pretty stoked about it. Then I actually ate what passes for pizza at Pizza Hut these days. I never would have thought that someone could fuck up a pizza worse than Dominos, but apparently, I was wrong.
The people who loaned Pizza Hut money must never have tried the product.
All they had to do was change up their recipes and make decent pizza and other pastas about 20 years ago and everything would have been fine.
We Love Bidenomics.
(Kackle,Kackle)
… an economy only a Jackass could love!
Pizza – $2 for the cost of ingredients for a large pizza pie that sells for $15.
Pizza Hut may not be missed, but isn’t it a victim of Bidenomics? Without out of control inflation, Pizza Hut may have survived and eventually forced to learn to make good pizza or fade away like any other mediocre restaurant brand.
Tsquared – now add in the building and other overhead and labor. Not lots of profit in fast food…especially these days.