Print
Restaurants

Restaurant On Wrightsville Avenue For Sale

By Jessica Maurer, posted Sep 9, 2020
The restaurant at 7037 Wrightsville Ave. is for sale. (Photo courtesy of Peño Mediterranean Grill)
Joel and Mandy Marx, franchisees of the Peño Mediterranean Grill at 7037 Wrightsville Ave., have closed the doors to their location and are seeking to sell the restaurant.

Rocco Quaranto, partner at Peño Grill franchising, said that while the space is leased, the restaurant can be sold either as a Peño or another concept.

While the Marx’s location was struggling in the early months of COVID-19, they were fortunate to have another business, Hampstead Pool & Spa, which was thriving.

The pool business became so busy in fact, that Quaranto said the couple ultimately made the decision that it was in their best interest to focus their full attention on that business.

“Unfortunately, they had to shut the restaurant down several times due to COVID exposure concerns, each time taking a loss in terms of business, product and the expense of sanitizing the restaurant,” Quaranto said.

Quaranto said the couple decided not to reopen in mid-August.

“We’re very happy they have another business to fall back on,” Quaranto said. “They are a great local family, and we still have a very good relationship. It was poor timing for the Peño side of things but luckily for them they are going to be OK.”

Quaranto said he is hopeful that the restaurant may still reopen as a Peño location under new franchisees, and believes the concept could do very well there long-term, noting that it is the company’s only stand-alone location with a drive-thru.

He reported that as a brand, some Peño locations have been setting records during the pandemic, with the Jacksonville location opening a food truck to supplement its business just last week and a new corporate location opening soon in north Raleigh.

“Despite all the hardships from this pandemic, it has opened up some areas of opportunity for growth with our brand,” Quaranto said.

Have a tip for Restaurant Roundup? Email us at: [email protected].
Ico insights

INSIGHTS

SPONSORS' CONTENT
Danielhughes liveoakprivatewealth october 2

Trustee Tips: Estate Planning Basics

Daniel Hughes - Live Oak Private Wealth
Aarp suzanneheadshot 300x300

Season’s Cheatings: Avoid These Holiday Scams

Jasonpathfinder3

Smart Moves In A Volatile Market

Jason Wheeler - Pathfinder Wealth Consulting

Trending News

Mayfaire Losing Town Center Drive Tenant

Cece Nunn - Nov 24, 2020

Bone & Bean BBQ To Close At The End Of November

Jessica Maurer - Nov 25, 2020

CFCC Foundation Welcomes New Board Members

Christina Haley O'Neal - Nov 24, 2020

End Of Days Distillery Gains New Accolades, Releases New Spirits

Jessica Maurer - Nov 25, 2020

With Smaller Local Workforce This Year, GE Aviation Warns Of More Cuts Nationally

Christina Haley O'Neal - Nov 24, 2020

In The Current Issue

Survey: Visitors Come Back For More

Ninety-five percent of surveyed visitors to Wilmington and area beaches reported being satisfied with their experience. Feedback provided in...


Distant Holidays

It’s beginning to look like, well, no holiday season we’ve ever seen – Santa’s donning a mask, Black Friday is now the whole month of Novemb...


Making The Area Sweeter

Carolina Candy Co. is family-owned and operated maker of gourmet toffees and chocolate confections....

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2020 Leadership Accelerator: Virtual Workshops for Real Leaders
2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`