After 26 years of serving Franklin Street diners, Pepper’s Pizza will close its doors tonight for good.
The restaurant, which opened in 1987 and moved to its current location at 107 E. Franklin St. seven years ago, has faced declining business and increased competition vying for student customers.
Owner David “Pepper” Harvey said he made the decision to close after difficulties paying off a loan.
“I had a bank loan that I haven’t been able to pay, and the bank’s coming and foreclosing on my equipment,” Harvey said. “This morning, they called and said sometime this week they’re going to close.”
Harvey said Pepper’s has struggled to bring in customers from UNC in recent years. Where in the past students made up a large part of the restaurant’s customer base, he said expanded on-campus dining options have hurt local restaurants.