The Peter Piper Pizza chain is for sale. The firm that owns the chain has put it on the market after owning it for seven years. Acon Investments has offices in both the United States and Latin America. They are looking for a buyer for the chain.
In 2007, Acon purchased the chain for a price that is undisclosed. Currently the chain ranks 15th among pizza chains. They registered $171 million in sales from September 2011 to September 2012. In that same time frame, Pizza Hut had $5.7 billion in sales.
The pizza market was impacted by the recession, now is growing at the rate of over 1 percent per year. The market seems to be more competitive now, with the high-end and gourmet restaurants showing the most growth.
Peter Piper has shown a higher growth rate, with an 8 percent rate per year. The Phoenix based chain has more then 40 stores in Arizona with most in the Phoenix and Tucson areas.
In addition to the Peter Piper chain, Acon also owns Spirit Halloween stores, Spencer Gifts, Igloo products among other businesses.