A pizza chain that is one of the largest in New York City will close in the fall.
Pizza Palace has been in business since 1894, but has never been profitable, according to the Times Union newspaper.
The chain’s closure will force about 30 employees to move to a new location in Brooklyn.
The closure comes after the company’s owners sold their stake to the owner of a nearby pizza shop.
“It’s been an absolute blast,” co-owner Andrew Krasny said.
“We were lucky to get through it.
We’ll be in a better place.”
The chain opened its first restaurant in Manhattan in 2001, but closed in 2009.
Its other locations have been in Brooklyn, New Jersey, Maryland, and Washington, D.C. The company employs more than 3,500 people.
The restaurant was founded by the brothers Andrew and Jack Krasnys in 1994.
Its website says it has been a New York icon since the late 1980s.