Caprio's Closed? Former Owner Says Changes Coming
The restaurant could reopen as soon as early October.
New owners hope to reopen a Harlem Avenue pizza joint in early October.
Rosario Caprio, who started the business, sold it to a new owner on April 16. While it kept the same name, the restaurant closed exactly four months to the day under the new ownership.
"I had the best year I ever had in 2011 and I sold it just because I had a good offer," Caprio said. The new owner got out after it became clear he was "in over his head.”
Caprio had financed a small portion of the sale and regained ownership when the last owner fell out. He said new owners, who already run a couple of suburban restaurants, are ready to take over soon. While a name change is possible, Caprio believes the new bosses will keep pizza on the menu.
The businessmen are working through a broker. More details will become available as the deal progresses.
As late as July 2011, Caprio told Patch he was considering adding new locations. The former owner was featured in an article that detailed how he got into the pizza business.
The well-known restaurant received the second-highest number of votes in Palos during Patch's Pizza Playoffs earlier this year.
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