Pita Pit to open soon; Moe’s delayed

The year 2013 brought out a slew of new entrepreneurs, among them a few who wanted to open franchises in the Las Vegas area.

The most recent addition to that group is Paul Sergi, a man who’s looking to open his first franchise, Pita Pit, on Jan. 2. Already, there’s a Pita Pit across from UNLV at 4680 S. Maryland Parkway. Sergi’s location is being built at 1263 E. Silverado Ranch Blvd., Suite 105B.

In early December, Sergi was dealing with the struggles of opening a business: issues with getting the power up and running, headaches having his Coke Freestyle machine installed.

“It is quite a process,” Sergi said.

This is his first restaurant, but he said he’s always been into food.

“Some people play sports or watch TV or whatever they do. In my free time I’ve always cooked or researched recipes. I’ve probably read more Women’s Day or Redbook than most women in this world,” Sergi said.

He attended culinary school at the University of Akron in Akron, Ohio, from 2009-2010 and worked as an assistant food and beverage manager at a local country club, a job he said he loved.

“A few months in and I was having the time of my life. It really solidified it in my mind that I made the right decision,” Sergi said.

Formerly, he worked in an office setting. After his country club job, Sergi obtained his bachelor’s degree at UNLV. He sought out a franchisor he could work with and landed on Pita Pit after a long selection process.

He’s funding his new venture with personal money, and if his first restaurant does well Sergi said he would like to talk to corporate about a multi-unit deal.

From Pita Pit’s website, franchisees need to have a net worth of around $250,000 and have $75,000 in some form of liquid investment or holding account. SBA applicants probably will need to inject 30 percent cash into their loan to promote immediate cash flow and reduce monthly expenses.

Pita Pit charges a standard royalty of 6 percent of gross revenue and a 1 percent marketing fee for the general advertising fund. The initial franchise fee is $25,000, $20,000 for qualified veterans.

Sergi is in the process of hiring 20 employees of about 55 total candidates. About 70 percent of those jobs will be full time. Most Pita Pits measure between 1,000 and 1,400 square feet. The product is focused on pitas of all flavors and styles, from chicken Caesar and buffalo chicken to Philly steak and tuna.

Other new franchisees aren’t as far along.

In March, native Las Vegans Joseph Ruggeroli and Mike Kelesis signed a development agreement to open eight Moe’s Southwest Grills in the Valley throughout the next five years. Their first store was slated to open by the end of summer.

That hasn’t happened.

In an email, Ruggeroli said: “We have been very busy working to find the best location for our first Moe’s restaurant. Despite the fact that my partner and I are both native Las Vegans, we have been challenged with a lack of brand recognition and the shortage of those prime locations in centers that do not have competing businesses already in place. Currently we are in negotiations for two locations in the Henderson-Green Valley areas of the Valley.”

The eight locations are expected to cost the entrepreneurs roughly $6 million to open, Ruggeroli said in March.

In June, announcements came of magical bathrooms, homemade ice cream and princess pink chandeliers coming to the valley. Thus far, Sloan’s Ice Cream hasn’t been able to find a strong franchisee in the area to make a store a reality.

“We’ve got a lot of interest in Las Vegas, and we’re talking to a few interested parties. We’re still going through it,” said David Wild, Sloan’s director of franchising.

A portion of the company’s nationwide franchise expansion was targeted at a few of Las Vegas’ high-end retail centers. The chain was looking for a strong franchisee with knowledge of the market.

The right candidate has to come up with a startup cost between $100,000 and $300,000, with a total investment of $600,000 to $900,000 per location. The investment cost includes a mandatory four-week training, real estate deposits, working capital and inventory. If approved, Sloan’s charges a 6 percent weekly royalty fee, 2 percent monthly advertising fee and a 1 percent weekly contribution to the marketing fund.

The company is estimating the Vegas area could support four or five shops.

Nationwide, franchising supports 8.2 million jobs. Of those, 184,000 were created in the past year. According to the International Franchise Association, only 31 percent of franchisees expect business to be better in 2014. In terms of franchisors, 89 percent expect sales to increase next year.

Contact reporter Laura Carroll at lcarroll@reviewjournal.com or 702-380-4588. Follow @lscvegas on Twitter.

ad-high_impact_4
Business
Holiday shopping and returns make this the busiest time of year for UPS
The UPS Las Vegas South facility is the company's busiest pre-load operation in the country, and it's even busier this time of year. (K.M. Cannon/Las Vegas Review-Journal)
Primm’s outlet mall has fallen on hard times
The mall, attached to Primm Valley Resort, opened in 1998. Back then, it was a “textbook, perfect outlet-center location." But now, Primm’s outlet mall has fallen on hard times. Las Vegas Boulevard has endless shopping spots. And there are other outlet malls that don’t require a hefty drive to the state line. Its mortgage-holder foreclosed on the mall in late September.
Miltary auction at Ritchie Bros. Auctioneers
Humvees, ammo cans, construction equipment, field gear and more is on the auction block Friday and Saturday at Ritchie Bros. Auctioneers. About 10,000 items in all are for sale in what GovPlanet bills as the largest auction of its kind.
Las Vegas residents discuss avoiding holiday scams
Las Vegas residents discuss their donation habits and how they avoid giving money to scam charities during the holiday season. (Bailey Schulz/Las Vegas Review-Journal)
Tesla’s Nevada Gigafactory ahead of economic impact expectations
The Tesla Gigafactory’s economic impact on Nevada has exceeded projections, bringing in more than 7,000 jobs. In 2014, Nevada agreed to give the automotive and energy company $1.3 billion in tax abatements. In return, Tesla promised to meet certain requirements in areas like employment and capital investment. As of June, Tesla has brought in a total of $6.05 billion in capital investment, surpassing the $4.95 billion projection. The original contract gave the company until 2024 to make $3.5 billion in capital investments in Nevada. Derek Armstrong, deputy director of the Governor’s Office of Economic Development.
Land sales near the Las Vegas Raiders stadium
Land around the Las Vegas stadium site has been selling for high prices. A few months before the stadium’s groundbreaking, Global Trust Group acquired a 2.5-acre parcel just north of the stadium site. The property sold for $7.25 million, or $2.9 million an acre. Osprey Real Estate Capital and Huntington Hotel Group acquired a 2-acre industrial site just west of the stadium site in late November. The property sold for $6.5 million, or $3.15 million per acre. That's roughly 12 times the average price of land in the valley this year as tracked by Colliers International.
T-Mobile Tech Experience Truck parks in Toshiba Plaza at T-Mobile Arena
The Tech Experience Truck is a state-of-the-art showroom on wheels, with demonstrations that put connected drones, smart cities, augmented/virtual reality and smart tracking. The exhibit shows new wireless technology – including 5G and the Internet of Things (IoT). (K.M. Cannon/Las Vegas Review-Journal)
Steve Siegel, CEO of the Siegel Group, speaks about helping families and other needy residents
Steve Siegel, CEO of the Siegel Group, speaks about helping families and other needy residents to keep them from teetering off into homelessness. Bizuayehu Tesfaye/Las Vrgas Review-Journal @bizutesfaye
Crowds camp out for Chick-fil-A opening
Dozens of customers camped out 24 hours ahead of the 6 a.m. Thursday opening of the new Chick-fil-A on Rainbow Blvd.
Cheapest listings for sale in Las Vegas
Listed for $39,990, 585 S. Royal Crest Circle, Unit #9 is one of the cheapest homes currently listed for sale in Las Vegas. (Caroline Brehman/Las Vegas Review-Journal)
MGM's sports betting deals
MGM Resorts International signed a sports betting sponsorship agreement with the NBA in July It was the first professional sports league to have official ties with a legal sports betting house. The deal came just two months after the U.S. Supreme Court overturned a law prohibiting sports betting in most states. In October, MGM became the first gaming company to sign a sports betting partnership with the NHL. In November, MGM became the first gaming company to sign a sports betting partnership with the MLB. Financial terms of Tuesday’s deal and earlier partnerships have not been announced.
Terry Miller discusses Convention Center
Project Manager Terry Miller explains the phases of Convention Center construction.
Zappos treats their team members on Cyber Monday
Zappos rolls out a variety of food, drinks and special activities for all team members at their downtown Las Vegas headquarters for Cyber Monday. (K.M. Cannon/Las Vegas Review-Journal)
Team Hybrid at the 2019-Model Motor Trend International Auto Show
Among the companies showing off the 2019 model cars, Team Hybrid shows off its modified cars. Las Vegas resident David David talks about the team, which is in its ninth year exhibiting at the show, and his show car.
Black Friday Shoppers at downtown Summerlin and at the Arsenal
Black Friday shoppers at downtown Summerlin and at the Arsenal. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfYe
Black Friday shopping in Las Vegas
Black Friday sale shopers express their shopping experience. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Las Vegas Livestock recycling Strip food waste
Las Vegas Livestock collects and recycles food from many Las Vegas Strip companies. (Nicole Raz/Las Vegas Review-Journal)
Black Friday at Fry's
Shoppers line up for deals early on Black Friday at Fry's Electronics on Las Vegas Boulevard South. (Mat Luschek/Las Vegas Review-Journal)
Black Friday shoppers at Best Buy at 5 am
Black Friday shoppers at Best Buy at 5 am on Nov. 23. (Mat Luschek/Las Vegas Review-Journal
Black Friday - 1am Closing Time
Quiet night.
Black Friday - 12:30am - Best Buy Arroyo Crossing
Sam's Town Holiday Lighting Ceremony
On Wednesday, Nov. 21, 2018, Mystic Falls Park opened with its annual tree lighting ceremony, hosted by Boyd Gaming Executive Chairman Bill Boyd. The attraction features a Winter Wonderland theme and holiday-inspired laser light show, available daily Nov. 23 to Jan. 1. (Mat Luschek/Las Vegas Review-Journal)
What Is A Smart City?
George Karayannis, vice president of CityNow, Panasonic’s smart-city arm, explains. (Nicole Raz/Las Vegas Review-Journal)
Walmart uses virtual reality to train employees
Walmart Academy Facilitator demonstrates the VR training program being used by Walmart stores across the country.
With holidays around the corner, department stores hiring extra staff
J.C. Penny hired 72 seasonal workers this year at the Galleria at Sunset mall in Henderson in order to handle the heavy traffic of the holiday shopping season. (Rachel Aston/Las Vegas Review-Journal)
Startup Weekend fosters new businesses
With the help of entrepreneurial peers and an expert panel of mentors, Techstars Startup Weekend fosters the ideas of attendees into marketable business plans. (Rachel Aston/Las Vegas Review-Journal)
Mecum Car Auction in Las Vegas
The Mecum Auctions is held at the Las Vegas Convention Center. Bizuayehu Tesfaye/ Las Vegas Review-Journal @bizutesfaye
Construction underway for new Google Data Center
Henderson is slated to be home to a new Google data center in December 2020. The Governor’s Office of Economic Development approved $25.2 million in tax abatements for Design LLC, a wholly-owned subsidiary of Google. The company plans to build the data center on 64 acres of land on Warm Springs Road west of Boulder Highway.
Anthony Rufo talks about his new product, an in-home digital companion and monitor.
Anthony Rufo talks about his new product, HAPPIE Home technology, an in-home digital companion and monitor designed for unpaid family caregivers that gives personalized alerts, messages and reminders. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Holiday parades help bring shoppers to Downtown Summerlin
Sports Town USA floor manager Angela Gardonio talks about the work that goes into the Downtown Summerlin holiday parades and how they benefit her and other businesses there.
TOP NEWS
News Headlines
Add Event
Home Front Page Footer Listing
Circular
You May Like

You May Like