вЂњHaving worked with Tim for more than 30 years, I instantly knew that the very moment he expressed interest in buying the company, it was a great fit,вЂќВ Jeremy Deters, president of The Deters Company, said in a statement.

The restaurant, founded in 1978, owes its name to a racehorse that founder Bob Rotunda bet money on and won. The Deters Company had owned Snappy since 1993, according to the Cincinnati Business Courier. The company offers franchisees the option of a sit-down model with an optional buffet or a delivery/carryout design. Snappy is known for its signature pizzas, including The Beast, The Junior Beast, Loaded Potato Pizza Snapperoni Speciality Pizza, and The Ranch Speciality Pizza. вЂњThe opportunity to do more of what I love to do is the reason I wanted to take a bigger slice of the pie.вЂќ вЂњI am excited to begin this new chapter in my career, having started 30-years ago with a loan of $20,000 for my first Snappy franchise to now owning the company, it is truly a blessing to be in this position,вЂќ Gayhart said in a statement. Snappy's Burlington headquarters, along with its corporate staff of 900 employees, management, and 31 franchisees, will remain intact. The brand operates inВ Ohio, Kentucky, Tennessee, Indiana, and New Mexico. The new owner's goal is to open 10 units in the next three years. He will also open a franchise outlet in LaGrange, Kentucky, this fall. Terms of the deal weren't disclosed.ДЄs part of the transaction, Gayhart's five franchise restaurants in Kentucky and Indiana, along with the flagship store in Burlington, Kentucky, will become company-owned shops. Operator Tim Gayhart, whose been a franchisee since 1991 and an area developer since 2001, bought the concept from The Deters Company. Snappy Tomato Pizza, a 44-unit pizza chain based in Kentucky, was recently purchased by a 31-year franchisee.

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