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

By in 2021 - Volume 23

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.

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About The Author
Steven Zimmerman, CBI, M&AMI, CBB, FIBBA

Steve is the Founder, Principal Broker and Chief Executive Officer of Restaurant Realty Company. Steve has personally sold/leased over 1,000 restaurant, bar and/or nightclub businesses and many related commercial buildings totaling 2+ million square feet of commercial space, collaborated with over 2,000 clients and completed over 3,000 valuations since 1996.His real estate experience also includes sales, acquisitions, management and ownership of numerous properties throughout California including restaurants, hotels, apartment buildings, single family houses, an office building and a multi-use retail building. Steve is also the author of Restaurant Dealmaker – An Insider’s Trade Secrets for Buying a Restaurant, Bar or Club available on Amazon. Prior to starting Restaurant Realty Company Steve had over 20 years of restaurant experience and was President and Chief Executive officer of Zim’s Restaurants, which was one of the largest privately owned restaurant chains in the San Francisco Bay Area. READ FULL BIO | HIRE EXPERT WITNESS - LEARN MORE