If you are going to hire someone to run the place, where is there going to be any money left for you? To get the right person - someone who's going to run it the way it needs to be, who will do things the way you would do it yourself - won't be cheap. Like Electro said, that person should have some profit-sharing arrangement so there's an incentive.
Small businesses that aren't franchises don't do very well with absentee owners. According to my good friend who does consulting for small businesses, the hired hand usually doesn't see the job as a long-term career, and doesn't really care if things go downhill. The owner, who usually won't pay the manager a good wage, isn't close enough to the business to see the beginning of the decline, and by the time the owner is sufficiently concerned, the damage is done. The hired hand doesn't care one way or the other if the business folds.
If I was going to do it, I'd pay the manager $20K a year base plus a huge profit-sharing percentage - so that the manager can double or triple the base salary. If you have a pizza shop manager making $60K a year, you can be relatively sure that person is going to want to keep things going well.
And since it's a cash business that doesn't have an easily reconcilable inventory, you better have a great system in place to prevent employee skimming from the register.
DrPizza brings up an excellent point that many small business owners miss. Pay well for great people and treat them great, and you'll save in the long run. You'll have a dedicated workforce who will work hard, and if they are good enough to save you the cost of an additional employee, you're better off than the guy who pays cheap but needs more people since they won't work hard.
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