FOLLOWUP: Pegasus Pizza sign comes down

Thanks to ALS for the photo and tip that the Pegasus Pizza sign was taken down at 2768 Alki SW tonight, two weeks after the eviction notice was posted. After ALS published the photo tonight in a comment below our story from December 2nd, we went by; the sign (which was still up when we passed by this morning) was gone and no one was around. There’s been no public hint of what’s next for the space – no “for lease” listing, for example. We’ve also been checking court files, where a mid-November order to pay the restaurant’s landlord more than $146,000 had preceded the eviction action, but the only thing that has appeared in the case file since then is the King County Sheriff’s Office “return of service” certifying that the eviction had been carried out. Though the “unlawful detainer” (eviction) case was filed in July, the court documents say the restaurant owners owed the landlords money dating back to last December and had been ordered in March to pay up or clear out. A payment plan was then worked out, documents say, but the July action alleges that the amounts due weren’t paid.

37 Replies to "FOLLOWUP: Pegasus Pizza sign comes down"

  • MLS December 16, 2022 (6:32 am)

    Sad to see it go after all these years.

    • AlkiBeachOriginal December 29, 2022 (1:04 pm)

      The original Pegasus business, recipes and clientele, were built with love, sweat and tears, by Tom (Tom’s Special) and Jan. They built up the business from scratch, with no liquor available for the first year or so….it was the FOOD, amazing pizzas and salads (Tom’s 1,000 Island dressing😋) and the owners themselves, that drew the people to Pegasus. Everything about Pegasus Pizza, was Tom and Jan’s creation. So sad to see it run into the ground. I wish they would come back and reopen it!!! They were the best people and it was such a great place, at one time. 

  • Jeepney December 16, 2022 (7:12 am)

    Sad to see a small business close and employees lose their jobs.   With a few exceptions, restaurants on Alki are tough to sustain.

  • Lola December 16, 2022 (7:35 am)

    This is so sad.  I loved their food but to get away with all that they did for so many years is heart-breaking.  I feel bad for the employees who worked there.  I hope the owners get what is coming for them but they will probably get off scott free with no repracusions.  I know the owner also owns a restaurant down by Lumen field I hope it goes out of business since they are such terrible tenants. 

    • Seachasbo December 19, 2022 (1:55 pm)

      Strange how one could have quality food and service, and have such terrible business practices.  Usually end product is poor if people are not treated fairly.  Fond memories of dining on their pizza in summer – sitting outside.  Thanks to dedicated staff.

    • WS long timer December 20, 2022 (12:32 am)

      The Pegasus owners are not owners of Tony T’s anymore and have not been for some time; I believe for most if not all of the Mariners 2022 season. If I understand right it was a partnership and the partners took over after the Pegasus owners started behaving badly.

  • David December 16, 2022 (7:38 am)

    That sucks.  I hate when a LONG standing businesses goes like this.  Another pandemic causality.  While the landlord has ever “right” to evict them, I think it’s a bad business decision. By evicting them you sure aren’t ever going to get your money for those back months, and on TOP of that you now have an empty storefront that is generating NO revenue.  Instead you could have keep working with them, understanding the finances and worked out something.  But not instead of getting 50% of what you want, you get 0%.  Not a great business move for the landlord.  Again, they have every right to say “pay or leave” but often these things happen and it only hurts the landlord who ends up with no back rent AND no tennant now.Any chance Pegasus can just find a new location?  

    • my two cents December 16, 2022 (12:38 pm)

      @David Why don’t YOU buy a commercial building and walk in those shoes prior to giving your “opinion”.  You don’t have any actual insight into the scenario, but rather are making up a story to fit your narrative. I can also speculate that the owner of the building wanted to cut their losses as there wasn’t a realistic path forward given the amount owed, backstory issues with wage theft, etc. Maybe they wanted to provide either a turn-key location or allow for remodeling by having Pegasus out sooner than later. See? We can make any story fit as long as we don’t know the facts.

      • 22blades December 16, 2022 (6:31 pm)

        MTC: Do you have to scream at everyone that doesn’t fit your narrative? These are people that are losing their neighborhood for WHATEVER reason. Chill…

      • wssz December 16, 2022 (10:54 pm)

        It looks like both locations of Pegasus Pizza might be closed.  When I click on their link for the SODO location, I get “503 Service Temporarily Unavailable.” https://pegasuspizza.com/contact-us/They're still selling their gift cards (such a deal… not).   Buyer definitely beware. 

    • AMD December 16, 2022 (4:47 pm)

      Pegasus has a history of not paying employees, their landlord, or vendors dating back over a decade.  They are NOT the business to champion as needing more chances.  They’ve had plenty.  

  • tim December 16, 2022 (8:32 am)

    $146,000!!!  What was Ted Nicoloudakis’s reason for not paying his bills? Should be easy at $40 a pizza.

  • Amrakx December 16, 2022 (8:37 am)

    As you sow, so shall you reap. 

  • Lisab December 16, 2022 (9:28 am)

    KARMA.

  • Mike December 16, 2022 (9:29 am)

    Will be interesting to find out from the management and owner the true reasoning behind not making payments to the landlord.  I know overhead costs skyrocketed with Seattle minimum wage and now costs for food, electric, heating are way beyond last years costs.  Add in forced shutdowns by the governor.

    • my two cents December 16, 2022 (12:40 pm)

      @mike Why do we need to find out the “true reasoning”? Should we find out the “true reasoning” for events that you encounter?

      • Mike December 16, 2022 (4:33 pm)

        Last I checked, this article isn’t about me.

    • WS long timer December 20, 2022 (12:36 am)

      Real WS scenesters know the reasons. No, I’m not going to post them here. Suffice to say, they’re not upstanding reasons.

  • Alki resident December 16, 2022 (10:03 am)

    What about those PPP loans they received? Almost $300,000 tax payer dollars, and they didn’t spend a nickel of it on rent?

    • Scarlett December 16, 2022 (10:52 am)

      Quite.  Why is no one questioning the timing of many businesses that received huge PPP loans (well, actually free money), suddenly going out of business when the very purpose was to protect employee jobs?   The cases of flamboyant cases of scamming  the PPP are well known, but it is only the tip of the iceberg.  

    • shotinthefoot December 16, 2022 (12:13 pm)

      Seems they didn’t use it to pay their employees, either. I am not sad about Pegasus going out of business, based on how they’ve treated their staff over the years. Pizza is pizza, and a bad employer is a bad employer. Sadly, they’ll be off mistreating staff at their new venture in no time. 

  • kp December 16, 2022 (10:14 am)

    good riddance 

    • Lisab December 16, 2022 (7:56 pm)

      You can say that again.

  • Alki resident December 16, 2022 (11:34 am)

    For those “ sad” to see it go. Go read why this is finally gone.For the employees and past employees of this place, I hope you have closure now that it’s finally over.

  • Boinsted December 16, 2022 (11:44 am)

    …but still selling gift cards. Get them while you can! 

    • Lisab December 17, 2022 (4:01 pm)

      How ethical, geez….

  • 2cents December 16, 2022 (11:49 am)

    Thats a cool sign, i wonder whats being done with it

  • David December 16, 2022 (12:19 pm)

    electric, heating are way beyond last years costs” – Er.  No.  You’re thinking of Europe.  Seattle City light didn’t quadruple their rates in the last 12 months LOL.And the “forced shutdown” was so a lot more people didn’t die (WA state had 48th lowest deaths per capita from COVID out of the 50 states…of course the worse state is Mississippi, always the worst because their state gov is the biggest failure in the United States, worst education, worst health care, worst child mortality, worst economy, etc). But all that has nothing to do with why (?) they didn’t start making SOME payments.  The restaurant was popular, always doing a good business when I stopped in.  That’s a question only they can answer.   I HOPE it wasn’t a case  of “take the money and run” but we don’t know.  ALL just random made up speculation that this point.

  • David December 16, 2022 (3:58 pm)

    As for why I was “sad to see it go” … because I liked eating there.  Simple enough. :)Maybe someone on here knows what happened, I don’t. I don’t know whether the landlord was screwing the business, the business was screwing the landlord, both were messing with each other, or if it was all just an unfortunate business failure. I’m not blaming anyone because I don’t have know the inside details of what really happened.Regardless of what side did what, it sucks for employees losing their jobs right before Christmas.  Hopefully they all land on their feet.  And I’ll miss the pizza (like all food it’s subjective, but I liked it). Oh well, about half of all restaurants fail in the first year or two, this one was around quite a long time.  On to the next food joint!  So what’s coming next to that spot?  :)

  • Brothy December 16, 2022 (9:43 pm)

    I want Fire Tacos to expand into multiple outposts on that strip. That place is so unbelievably good, we don’t deserve it. 

  • Eldorado December 17, 2022 (6:57 am)

    Best Greek Salad in the history of Earth. If anyone has the recipe for the dressing, I will pay. (I’m not kidding)On a different note: I know business is business, but I’m definitely sad this place is A: going out of business and B: won’t be on Alki anymore. I’ve been going there since ‘95 when I first moved to Alki. That place will be missed. And I sure hope it doesn’t become another Subway franchise. 

    • AK December 17, 2022 (2:50 pm)

      Please let me know if you come across any leads (I’m serious as well). The Greek Salad and Alki/Tom Specials were such favorites of mine that it’s become a goal to try and reverse-engineer them at home, or somehow get ahold of the recipes (even if it meant paying for them).

    • J December 21, 2022 (11:06 am)

      I used to work there many moons ago, the Greek dressing is just mixing Italian and blue cheese dressing lol

  • Ryan December 17, 2022 (9:56 pm)

    These same owners opened Tony T‘s sport lounge in SoDo (across from King 5) last year (maybe opened it up with PPP $?- I think they already sold it to new owners before the shooting that happened there

    https://m.facebook.com/Pegasuspizza/videos/sneak-peek-of-our-new-restaurant-tony-ts-sports-lounge-in-sodo-tonytssportsloung/155324246738026/

  • EB December 19, 2022 (10:24 am)

    Moving vans emptying Pegasus this morning.

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