Allie-Allison Petrus, a former V.I. Senator, is the owner of the 15-month-old franchise operation. He also owns several Subway restaurants, including the unit on St. John.
About the IHOP closing, the St. Thomas Source quoted Petrus saying, “We have seen our WAPA bill (electricity) hover around $11,000 and our cooking gas now around $3,000 monthly, not to mention a leasing rental expense around $13,500.”
As we said, Petrus also owns several Subway sandwich shops, one of which is – er, was – in Cruz Bay. It is now closed, according to locals. The business is still listed for sale: http://www.islandiarealestate.com/Details.cfm?id=28&type=commercial.
Here’s the Source’s report: http://www.onepaper.com/stthomasvi/?v=d&i=&s=News:Local&p=1206160157