Crave was there at the start with Dalat when Khanh Nguyen was serving hot Pho bowls and Dragon Shots til 2am. We were there when we saw the first Zalat Pizza street sign go up next door on Fitzhugh with “Open til 4am” on it. We remember telling Khanh that it was a bold move to put 4am on the permanent street sign. His response was that he didn’t want to give himself the option to not stick to it. Dallas has followed Zalat over the past 8 years as their late-night, “luxury pizzas for the masses” concept has exploded from its original Fitzhugh location to now 29 locations across Dallas-Fort Worth, Houston, and Austin.
Having kept their quirky culture with employee comic books, free tattoos, full benefits and retirement plans for all, and most deserving of kudos, stock options grants to all cooks and cashiers to share the wealth with their frontline workers. Who does that? And who doesn’t want to support that for the service industry?
Yesterday we learned that Zalat is planning to take their employee benefits, or at least a portion, to the public. Potential everyday investors can participate without the usual requirement of a $100,000 investment or more. With a minimum investment of below $250, Zalat is now taking reservations for the potential offering.
The offer will be through StartEngine.
If you’ve ever seen shows like Shark Tank, you’re probably familiar with the world of private equity investing. But in these shows, and the real world as well, private equity deals are often only open to accredited investors, hedge funds, and VC firms. For everyday investors, this makes private equity seem out of reach. However, crowdfunding platforms like StartEngine are removing barriers to entry.
The buy-in for Zalat is an easy one. Their StartEngine reservations page lists cumulative sales of over $75mm. The costs to build and maintain Zalat stores, which are developing at an incredible clip, are remarkebly low. The company also mentions that mature store sales are almost 2X the industry average.
We’ve reached out to Khanh to talk about all things Zalat. Look out in the next few days for our in-depth video with Khanh about what’s new with this amazing Dallas restaurant group. We talk about their crazy culture, their amazing pizzas, employee stock options, and the potential stock offering on StartEngine. You are going to want to hear about the new Zalat pizzas coming out, they sound amazing.
If interested in reserving options, and this is not a full commitment, check out more information at the StartEngine site for Zalat.
Invest wisely. Zalat notes in their StartEngine legalese disclaimer that:
NO MONEY OR OTHER CONSIDERATION IS BEING SOLICITED, AND IF SENT IN RESPONSE, WILL NOT BE ACCEPTED. NO OFFER TO BUY THE SECURITIES CAN BE ACCEPTED AND NO PART OF THE PURCHASE PRICE CAN BE RECEIVED UNTIL THE OFFERING STATEMENT IS FILED AND ONLY THROUGH AN INTERMEDIARY’S PLATFORM. AN INDICATION OF INTEREST INVOLVES NO OBLIGATION OR COMMITMENT OF ANY KIND. “RESERVING” SECURITIES IS SIMPLY AN INDICATION OF INTEREST. BY CLICKING SUBMIT, YOU CONSENT TO RECEIVE COMMUNICATIONS FROM US THROUGH VARIOUS CHANNELS, INCLUDING EMAIL AND TELEPHONE.