Local landmark small business, Pizza Getti, stays in business while providing much-needed jobs
Clients Pizza Getti
In October 2008, a team of lawyers from Jones Day Dallas helped Pizza Getti, a landmark Italian restaurant in Rockwall, Texas, keep its doors open. The restaurant had been owned and operated by the same family since 1973 and employed more than a dozen local high school students. Local businesspeople agreed to provide financial aid and take ownership, and Jones Day formed an LLC, drafted an asset purchase agreement, and negotiated a new lease. The lease included forgiveness of $30,000 in arrearage and a $30,000 allowance for remodeling. Pizza Getti has now been remodeled, and members of the family that originally owned the restaurant have been hired to manage it. As a result, a local small business has been preserved, along with much-needed jobs.