We have been impressed with Mark and Louis’ dedication and passion for the business they grew into a community staple,” said Michael Brown, co-founder and CEO of Teamshares. “Pizza Shuttle is an exciting partnership opportunity for us.
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Teamshares assists with issuing employee stock and helping employee-owners become financially fluent through software and education. To ensure that these workers get a stake in the company’s future, Lou and Mark partnered with Teamshares, a venture-capital-backed firm that helps small and medium-sized businesses transition from retiring owners to employee-ownership. They range in ages from 16 to 75, with an average tenure of seven years in the company. More than 65 percent of Pizza Shuttle employees come from diverse backgrounds. Pizza Shuttle has even been known to host a Paper-Rock-Scissors contest for kids, with the winners receiving Pizza Shuttle swag and gift certificates.
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To order the large 1-topping special ($20), you have to say, “Gobble! Gobble!” They offer an $8.50 fish fry special on Wednesdays and Fridays, plus cocktail slushies (including Pina Colada and Hurricane versions) and vodka or tequila Lemonade Icees. Things can get a little quirky at the eatery. In 1995, they moved the store to North Farwell Avenue and opened up for dine-in. They went on to open two more Pizza Shuttle stores in Milwaukee, but sold two of them off within five years and decided to focus exclusively on their East Side location. Related: Why you need to hire a restaurant whisperer Instead, they opened an independent, delivery-only shop across Lake Michigan in Milwaukee. But that city was already saturated with pizza joints. At first, they looked into becoming franchisees with a major pizza chain in Detroit. Mark had been managing a Domino’s store when he and Lou decided to open their own shop. “When I discovered the employee ownership model, I knew this was how I wanted to transition into retirement-empowering my employees to take ownership and benefit from business growth and success.” “Many of our employees have been with us for years-even decades,” he added. “This restaurant has been my life, which makes stepping away from the business a very difficult decision.” “I dreamed of opening a pizzeria when I was a teenager,” Mark said. Mark Gold was a Domino’s manager before opening Pizza Shuttle with Louis Siecinski. The goal is for Pizza Shuttle to be 50% employee-owned in 10 years and 80% employee-owned in 15 to 20 years.
Employees collectively will receive 10% stock in the company, which will be earned through four years of ongoing service at the company. Pizza Shuttle employees will keep their jobs through the ownership transition and will be granted stock. Pizza Shuttle partnered with Teamshares, a financial technology company, to transition the business to its 80 employees, with the goal of ensuring sustainable ownership over the next generation. And, as they get ready to retire, they want to let their employees become owners in the long-thriving business. Today, they’re the co-owners of a single-unit pizza shop that has been an institution in Milwaukee since 1985. They shared tuna sandwiches for lunch in middle school, went to the movies and hung out at each other’s homes-Mark once even got a little “out of control with his emotions” and locked Lou in a closet during a sleepover.Īs entrepreneurs, their first joint venture was a lawn-mowing business. Mark Gold and Louis Siecinski, the owners of Pizza Shuttle in Milwaukee, have been best buds since 1976. Related: Being employee-owned creates huge tax advantages for this pizza chain The goal is for the company to be 80% employee-owned in 15 to 20 years.
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