PHOENIX — Peter Piper Pizza is getting ready to be auctioned.
According to the Wall Street Journal, Sponsor Acon Investments is putting the Phoenix-based pizza chain up for sale.
The firm hired to run the process is North Point Advisors, an investment bank that specializes in restaurant mergers and acquisitions. The offer has already attracted both financial firms and strategic buyers.
Currently, Peter Piper Inc. has $15 million in year-to-date earnings before interest and taxes.
The chain was founded in 1973 and its flagship restaurant is located in Glendale, Ariz.
Peter Piper Pizza currently has 32 company-owned locations and 113 franchises, including two that opened in June in the southwestern U.S. and Mexico.
- 6 energy saving hacks for your home
- 5 tips for choosing a company to end your timeshare
- Water tips to save money, help save the Earth
- 5 of the most adored gentlemen in professional sports today
- The real danger of sitting at your desk
- Most surprising NBA playoff performances of the last 40 years
- 11 classic baseball movies you must see again
- Finally getting rid of fat: 3 methods that actually work
- 4 reasons cancer survivors should focus on food
- 5 spring cleaning spots everyone forgets
- 5 reasons to look forward to watching the D-backs this season
- Common virus attributed to spike in head and neck cancers
- 5 signs it’s time to end your timeshare ownership
- 3 most overlooked ways to keep your home healthy
- 6 ways the air in your home could be making you sick
- CrossFit dangers: 5 common injuries and how to deal with them
- Today's radiation treatments offer better success, fewer side effects
- Tips to make watching TV on the patio even better
- What really happens when you donate to a community college?
- Sun and skin cancer: Separating fact from fiction
- 5 critical lifestyle changes for a healthy colon
- What you need to know about Alzheimer's disease in Arizona
- Spring clean your windows like a pro with these 8 tips
- 7 films that should have won best-picture Oscars
- New plumbing technology saves money and improves your home
- Survey shows Arizona CFOs optimistic about 2016
- How chronic pain can affect your love life
- 5 potential warning signs about your child's development