January 28, 2020
Tasty Equity, a franchisee of Hot Head Burritos and Rapid Fired Pizza, has launched a Regulation A+ stock offering to give fans, friends, guests, investors and anyone in the general public a chance to invest in the brands, according to a company press release.
Hot Head Burritos and Rapid Fired Pizza are in a race to build 200 restaurants by the end of 2021 with more than 110 already opened. For as little as $100, anyone can make this early stage investment and own equity in four existing restaurants as well as all the other Ohio units that Tasty Equity plans to build with the capital that is raised. Stage investments by the general public into private companies like Tasty Equity were not legal until 2015 and used to be reserved only for the rich and well-connected. Things have changed, Chris Wiley, president of Tasty Equity, said in the release.
"For the price of a night out, you can own a piece of Tasty Equity and join the fun we create with our brands," he said in the release. "As a franchisee, we plan to build more restaurants in the future and play a big role in the race to 200 Hot Head Burritos and Rapid Fired Pizza restaurants."
Several investment levels are available with increasing levels of perks. They start with a lifetime discount for both brands and include having investors’ names displayed on the restaurant walls, selecting the Beer of the Month and exclusive invitations to grand openings, investor parties and VIP night events at participating locations, said Pete Wiley, head of marketing.
"We want all of our loyal fans to own a piece of the pie, share the love of our brands with their friends and pride of ownership in all the restaurants we plan to build," he said in the release. "Tasty Equity is raising capital to partner with area developers in both brand franchise systems, nationwide, and to accelerate restaurant development in markets across the nation."