163 Pizza Hut restaurants up for sale after franchisee files for bankruptcy

Anybody need a pizza restaurant?

Over 150 Pizza Hut branches in 26 states are up for sale after the chain’s largest franchisee filed for Chapter 11 bankruptcy.

NPC International, Inc., is selling 163 recently closed restaurants as part of its bankruptcy restructuring, and interested shoppers should act fast. Bids are due Oct. 23, said A&G Real Estate Partners, the firm marketing the leases.

A file photo of a Pizza Hut restaurant in Munfordville, Kentucky. (Luke Sharrett/Bloomberg via Getty Images )

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According to A&G, the Pizza Huts on the market are an average size of 2,621 square feet, ranging in size from 1,000-square-foot properties exclusive to takeout and delivery, as well as full service restaurants as large as 5,916 square feet.

“With attractive rents and

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NPC International selling 163 closed Pizza Hut locations

Roughly 163 Pizza Hut leases have gone up for sale as part of NPC International’s bankruptcy restructuring.

The bids for the currently shuttered restaurants in 26 states are due by Oct. 23, according to New York-based A&G Real Estate Partners, the firm handling the auction. 

The firm is advising NPC International, which filed for Chapter 11 bankruptcy in July. At the time of the filing, Leawood, Kan.-based NPC International operated more than 1,600 Wendy’s and Pizza Hut restaurants. In August, NPC began the process of selling a portion of its Pizza Hut business. It also closed up to 300 restaurants. 

The locations range in size from 1,000-square-foot takeout and delivery-only restaurants to full service restaurants that run nearly 6,000 square feet. The majority are freestanding locations in neighborhood shopping centers and regional open-air

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