Meatball Shops Make $21 Million a Year Based on One Dish

In 2009, Daniel Holzman and Michael Chernow opened The Meatball Shop in Manhattan. The two borrowed money from family and friends until they were able to raise $400,000 which they used as capital for the business. At a young age, Michael and Daniel worked for a vegan restaurant together. They made use of this very little experience and bravely formed a business plan armed with hope and confidence.

The two sold their products at a very reasonable price but they made it a point that the taste would not be sacrificed. It was recession time when they started the business and during those days, anything affordable and quality was a hit.

Now, The Meatball Shop that Michael and Daniel own already has several branches. There's one in Williamsburg, West Village, Chelsea, Upper East Side, and Upper West Side. Each branch earns around $3.5 million gross annually. They continue to increase their revenue by making a deal with known companies like Vans sneakers, Shut Skateboards, and Warby Parker. The Meatball Shops endorses these companies, and they return the favour by advertising.  

It works that Daniel and Michael have different personalities. One loves to talk to people and the other is more of an introvert. They know who has to handle a particular chore because they know each other so well. Another thing that makes them successful as business partners is that they both care about their employees. They hire the best staff and they make them feel appreciated.

 

Latest Posts

Monsanto Restricts GMO Cotton Seed to India

Monsanto Restricts GMO Cotton Seed to India

Monsanto Co. recently withdrew an application that was seeking regulatory approval for cotton seeds to be sold in India. This took place in the middle of a debate with the government on the subject of royalty fees. According to the spokesperson of Monsanto Co., Christi Dixon, the application was…

Brexit vote: Finance ministers meet to discuss impact

Brexit vote: Finance ministers meet to discuss impact

An urgent meeting with Chancellor George Osborne has been called by UK finance ministers from the three devolved governments. This came after Finance Secretaries Derek Mackay from Scotland, Mairtin O Muilleoir from Northern Ireland, and Mark Drakeford from Wales met in Cardiff. The finance ministers…

Wells Fargo fined for $70 million for mortgage malpractice

Wells Fargo fined for $70 million for mortgage malpractice

The U.S. Comptroller of the Currency fined Wells Fargo on Wednesday due to some malpractice in mortgage services. Between March 2013 and October 2014, according to the regulator, Wells Fargo made some escrow calculation errors. These errors, in some cases, led to incorrect denial modifications. The…

What you need to do before you quit your job

What you need to do before you quit your job

Quitting your job is a dream for many, especially if you’ve been unhappy there! In other cases, it may be as simple as moving on to greener pastures: a higher salary, a better position, or a company that is more compatible with your career and personality. Regardless of the scenario, ending…

How do you determine if you can buy a house?

How do you determine if you can buy a house?

Owning a home is a gigantic milestone in our lives. It’s not a decision that should be taken lightly as it is a huge financial commitment, and locks you into a specific neighborhood (renting always keeps your options open). If you think you’re ready to buy, there are a few things to keep…

What is a Mutual Fund?

What is a Mutual Fund?

There is no strict legal definition of the term “mutual fund”. Usually, the term “mutual fund” means an investment fund that is open to the public. A mutual fund is a way of investing money collectively with other investors. The main advantage of investing capital through a…

What is a Mutual Fund?

What is a Mutual Fund?

There is no strict legal definition of the term “mutual fund”. Usually, the term “mutual fund” means an investment fund that is open to the public. A mutual fund is a way of investing money collectively with other investors. The main advantage of investing capital through a…

Greece’s last chance to be in the Eurozone!

Greece’s last chance to be in the Eurozone!

On July 7th , 2015, European leaders will have a final word with Greece and there they will decide how to respond to the Greek referendum. The country is almost bankrupt and the complete financial structure has been collapsed. Standing in such a grave crises when the question rises whether Greece…

LATEST Videos