Northern Kentucky-based Snappy Tomato Pizza announced that Tim Gayhart, current owner of the five-location franchise and regional developer of 13 stores, will become the company’s new owner.
“I am thrilled to begin this new chapter in my career, having started 30 years ago with a $20,000 loan for my first Snappy franchise to now owning the business,” Gayhart said. “It’s truly a blessing to be in this position. The opportunity to do more of what I love to do is why I wanted to take a bigger slice of the (pizza) pie.
Gayhart is a Cincinnati native who now lives in Union. He will purchase Snappy Tomato Pizza from its current owner, The Deters Company, for an undisclosed amount. Gayhart has owned a Snappy Tomato franchise since 1991 and has been an area developer since 2001. During the transition, Gayhart will take ownership of the company’s flagship location in Burlington. The Burlington store, as well as Gayhart locations in Villa Hills, Richwood, Dry Ridge and Indiana locations in Lawrenceburg and Rising Sun will all become company properties.
Gayhart plans to provide global support, guidance and resources for the forty-four locations in Ohio, Kentucky, Indiana, Tennessee and New Mexico. He will also be the franchisor for the first new franchise in his tenure, now under contract to open at LaGrange later this fall.
“Having worked with Tim (Gayhart) for over thirty years, I knew right away that the very moment he expressed his interest in buying the business, it was a great choice,” said Jeremy Deters, President of The Deters Company. “Tim knows the pizza business and this business inside out; I’m excited to see where it will take Snappy, because with Tim’s passion and commitment…the sky’s the limit.
The pizza industry continues to grow in the United States. Americans spend $46 billion a year on pizza, according to PMQ Pizza Magazine. Food Business News estimates that 30% of Americans eat pizza at least once a week. In the United States, it is estimated that an average of 350 slices of pizza are sold every second of every day.
Snappy Tomato Pizza’s headquarters will remain in Burlington alongside the flagship store. The company’s staff, more than 900 current employees, management and 31 franchisees across the country will remain intact during the ownership transition.
Gayhart said the company will focus on continuing the already established service and growth while increasing the footprint in existing markets.
“We hope to increase our store count by ten units over the next three years with a focus on the award-winning sauce, unique line of BEAST pizzas and the memorable Mr. Snappy logo,” he said. . “The table is set for instant success.”
Snappy Tomato Pizza was founded in 1978 in Fort Mitchell as an independent Italian pizzeria and has grown to forty-five locations in five states: Ohio, Kentucky, Tennessee, Indiana and New Mexico.
Spicy tomato pizza