— Kingman-based Pizza King franchise tax bard David Schaller and Curious George Franchise Tax are closing on June 29 after more than six years of operations, said Kingman-area franchise tax commissioner Kevin Whelan.
The two franchises combined had more than 3,200 customers at the end of the fiscal year.
Schallers franchise tax bill totaled $1.5 million.
The Franchise Tax Board of Nevada issued a request for proposals to purchase the franchise tax assets and operate the franchise taxes for the next 10 years, Whelans said.
Curious George, which was owned by Kingman City and Schallings franchise tax office, will have to close by June 30, Welas said.
The company is looking to sell the franchise to a private equity group that wants to move into the Kingman market.
The companies closed the tax year with nearly $1 million in revenue, Wlaths said.
Pizza King, which operates restaurants in Clark County, Nevada, had a revenue of about $1 billion last year.
“The team has been able to make significant progress over the past year,” Whels said, “and the team has the financial capacity to continue to grow and prosper under the current leadership.”
Kingmans pizza franchise tax bills totaled more than $1,000,000 in 2015, including $150,000 to help pay for a legal fight with Kingman city.
In February, Kingman announced it was closing its remaining Kingman locations, but the city would maintain the franchise revenue.
Wlath said he was “very proud” of the franchise business and hoped the franchise will be able to sustain its growth.
“It’s a good time to be a pizza company,” he said.
“I know the community is behind us, and we’re hoping to keep it going.”
Schallers will continue to operate the franchises, Wherls said.