SOLD – Luigi’s Pizza & Pasta + REAL ESTATE, Red Bluff

JUST SOLD
Luigi’s Pizza and Pasta + Building in Red Bluff, CA

After 37 years, Lou and his wife Mandy have sold the highly successful Luigi’s Pizza and Pasta restaurant plus their building in Red Bluff, California. Lou passed on years of goodwill to the proud new owners’ Brian and Carolyn Kanabrocki of Chico, who have hit the ground running.

Brian brings five years of Retail Management between Rite Aid Pharmacy and Peet’s Coffee & Tea, one year as an Area Sales Manager with Saccani Distributing and

Nine years owner/operator with The Handle Bar, a very successful bar in Chico, CA. Carolyn is a very successful CPA. Together, they look forward to getting to know the local Red Bluff community and continuing the same high quality and customer service Luigis is known for. We wish them both much success and happiness in the coming years. Luigis Pizza is a real estate investment together with a pandemic-proof pizza business. The real estate Includes approximately 3,000 plus sq ft fully equipped free-standing restaurant right off the I-5 freeway exit, with roughly $200,000 in solar equipment installed and a huge parking lot. The lovely dining room creates a friendly atmosphere, seating approximately 84 with large booths, tables, and two ADA-compliant bathrooms. An enjoyable dining room and a semi-open kitchen give the restaurant a warm cozy feeling. The sale also included all fixtures and equipment sufficient to operate a high-volume restaurant. The fully turnkey business does more than $1.5 million a year in gross sales.

Scott Cisneros ran a point on the SBA financing provided by Union Bank, Kristine Lopez of Old Republic Title was fantastic as usual, and Team Bernadette of Placer Title did an exceptional job with the Real Estate portion of this deal, making this complicated transaction a reality for both parties.

Jim Pate, our agent, did an exceptional job in representing both the seller and buyer in this transaction and we wish Lou and Mandy, the Sellers, a well deserved retirement and wish Brian and Carolyn continued success in their new venture.