Restaurant for Sale for $1.00

PR Log (Press Release) – Oct 30, 2009 – Ready-to-go restaurant for $1
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October 30, 2009 5:33 PM

(NEWSCHANNEL 3) – The signs of the times are visible everywhere, businesses are shutting down and there aren't many people willing to take over the empty space and start new ventures.



The commercial real estate market is currently a mess, but that could be good news for someone, now that an Italian restaurant, and the property it sits on near Kalamazoo is on the market, for just a dollar.



Jim Sieklucki is selling his business, but he says it's more than that, it's an opportunity. With loans so tight, selling it outright wasn't the way to go, so Sieklucki says that selling the business for a buck could give a person who has the passion, and talent for it, a chance to open their own place.



"I think there's a lot of people out there who would like to do that," said Sieklucki.



Sieklucki is hoping to find someone with the passion and talent to make a go of it, after all it was his passion. His father opened the first pizzeria in Kalamazoo.



"It was Lucky's, this was 1956," said Sieklucki, "and I decided to bring it back 50 years later."



Sieklucki opened his own Lucky's in October of 2006, but closed it in 2008. He says a bad partnership and health problems are forcing him to sell. He feels the area just north of Kalamazoo is growing, and he didn't have problems finding customers, now he just wants to find a new owner.



Here's how the sale is supposed to work. For $185, you can fill out an application and get yourself into the lottery. Sieklucki is looking for at least 1,600 applicants to recoup his long-term investment. Then, he'll randomly pick out two people, who will come in and cook for him and his family.



"Pizza, then an entrée of their own. whatever they want, then we'll judge it and then decide who will get it," said Sieklucki.



The winner will get the business for just one dollar. Whoever gets the restaurant can walk right in, the place is ready to go, and everything inside the building is going to the new owner, but Sieklucki says he isn't going far.  


"I live right by here, so I will be visiting it," said Sieklucki.



Sieklucki plans to choose the two finalists on December 5th.  For more details go to:
www.ForSaleForOneDollar.com