Business

Original Buddy's Pizza Building in Detroit for Sale -- But Don't Panic

July 16, 2018, 8:13 AM


Buddy's Pizza (Facebook photo)

At first blush, news of the real estate listing might cause panic for those fans of the original Buddy’s Pizza on Conant in Detroit. The building is on the market for the asking price of $1.5 million.

Brenna Houck of Eater Detroit reports that the restaurant plans to continue operating there under a sale-leaseback arrangement in which Buddy’s would lease the property from the new owner.  Buddy's would also cover all the costs associated with the building and business.

Buddy’s says the business is still strong. “All Buddy’s locations are doing well and will remain open,” the company said in a statement to Eater Detroit.

The real estate listing comes in wake of the local pizza chain's announced plans to expand beyond Michigan’s borders. The sale of the builings is another step in the company’s efforts to raise money for that expansion, Eater reports. 


Read more:  Eater Detroit


Leave a Comment:

Photo Of The Day