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
Jimheadshot

The Wilmington Construction Market: Trends, Recognition, and Challenges

Jim Hundley - Thomas Construction Group
Dave sweyer 300 x 300

Insights into the 2023 Leasing Market in Wilmington, NC: What You Need to Know

Dave Sweyer - Sweyer Property Management
Gretchen roberts 2021

5 Finance Topics Every Small Business Owner Should Master

Gretchen Roberts - Red Bike Advisors

Trending News

Passenger Rail Study Offers New Details About Proposed Wilmington To Raleigh Route

Emma Dill - Apr 22, 2024

Severe Weather Postpones Trump Rally In Wilmington

Emma Dill - Apr 20, 2024

Will NC Be CNBC's Three-time Top State For Business?

Audrey Elsberry - Apr 22, 2024

In The Current Issue

Surf City Embarks On Park’s Construction

“Our little town, especially the mainland area, is growing by leaps and bounds. So having somewhere else besides the beach for kids to go an...


Funding A Food Oasis: Long-awaited Grocery Store Gains Momentum

With millions in committed funding from New Hanover County and the New Hanover Community Endowment, along with a land donation from the city...


Info Junkie: Lydia Thomas

Lydia Thomas, program manager for the Center for Innovation and Entrepreneurship at UNCW, shares her top info and tech picks....

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season