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#PIZZA SHUTTLE PIZZA HOW TO#

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“Once you do figure out what you want to do and leave (Pizza Shuttle), you’ll have that extra money from the shares to help move yourself forward in life. “This place gives you the time and the ability to learn other things,” Frick said. In the past for many, Pizza Shuttle was just a job that helped pay the bills. “I can use this information to invest in other stocks.” “You’re learning something that you can use in your life after you leave Pizza Shuttle,” Frick said. I think it will work out better for the employees if we gradually get there.”įrick admits the volatility of the market is “a little scary” but he views Pizza Shuttle not just as a job, but as a place where he can learn financial literacy after he leaves the business. “I think if we moved too fast and tried to cram everything in, I think it would be a little overwhelming. “It’s going to help the employees who don’t plan on staying here 15, 20 years,” Frick said. To help with the transition, Teamshares is offering managers who stay on for the next six months a $1,000 bonus but if they stay for a year they could get $2,000.Īlthough the employees won’t be able to own their stock for a year, they will have access to a portal that can show them how much the stock is worth and they can opt to receive dividends from the company.

“We are proud that Teamshares is becoming the exit strategy of choice for retiring small business owners because we offer the opportunity of ownership for dedicated employees and ensure the business can thrive for generations to come.” We have been impressed with Mark and Louis' dedication and passion for the business they grew into a community staple,” Michael Brown, co-founder and CEO of Teamshares, said in a statement. “Pizza Shuttle is an exciting partnership opportunity for us. Gold said they have been in discussions with Teamshares for the last five months. “I was lucky, Louie and I, that we got out at the top of the game during a pandemic and we were able to help people that probably didn’t know that this even existed.” “This couldn’t be a better Cinderella story,” Gold said. Gold’s daughter Jessica is the general manager of the business he started with Siecinski in 1985. We don’t want to see some people from, like, Ohio buying it.” “But it worked out for my employees, my daughter, my partner, myself, the community. “I probably would have gotten more money, and I wouldn’t have had to hold any paper, you know what I mean? I could’ve just left,” Gold said. They decided it was important that the ownership remain local. Gold said he and Siecinski had considered selling the business for the last several years, and even received offers from outside companies.

#PIZZA SHUTTLE PIZZA HOW TO#

They’re going to be thinking about how much money we’re going to be putting into other things and how much money we’re losing on certain things and to how to really maximize this great thing that’s happening to our company.”

“Everyone’s going to have to be doing a little bit more. “We’re going to have to be thinking of everything,” Frick said. The goal is that in 15 to 20 years, the employees will own roughly 80% of the business. 1, 2023, the employees will own stock in the company and, over time, profits will be used to buy out Teamshares. Gold and Siecinski will hold onto their shares for the next three years as the business transitions to the new ownership. Teamshares bought 80% of Pizza Shuttle, and Gold and Siecinski each own 10%. 1, Pizza Shuttle employees could officially become part owners of the business as owners Mark Gold and Louie Siecinski prepared to hand the business over to the employees with the help of New York City-based Teamshares. “I think this will be a good way for people to learn, not only how it works but also a good way to get a little extra money in people’s pockets.” “I’ve been trying to learn how to invest for the last year or so, it’s complicated,” Frick said. He didn’t realize that he, along with 79 other employees, would become part owners of the longtime east side pizzeria.

A year ago, Aaron Frick didn’t know what he wanted to do after graduating from Greendale High School, so he took a job at Pizza Shuttle to make some money and think about his next career move.