Josh Hochschuler, founder of Talenti, explains the operational breakdown of his first retail gelateria in Dallas before pivoting to wholesale.
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“The problem is the average ticket. The small size was, let's say, two dollars, and almost everyone was just buying that, and the store itself was quite large, and there was a lot of overhead, and the business model was built on there being a considerable amount of people that would buy the larger containers in the styrofoam and take it home in order to get that transaction up.”
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More from Josh Hochschuler
AssertionNot checkable as stated
Hochschuler: Unilever initiated unsolicited acquisition talks with Talenti in 2013
“Unilever actually came to us. They came to us in 13, they said this is the call you've been waiting for, and said, we want to buy your business, and we're like, well, it's not for sale. We're not selling. And that started this, at least a year, I think it was …”
Hochschuler pitched 110 friends and family for Talenti; 95 rejected him
“A business plan I had built, which was one of the longest business plans you could ever imagine, and the vast majority, probably 95 of them or so, said no.”
Hochschuler funded Talenti using 16 zero-percent credit cards and a second mortgage
“I had like 16 of those that I built up. I got I was able to buy a house with like five percent down a little house. And then I took a second mortgage out on that and then put it into the business.”
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