Mazzio's creation, Zio's Italian Kitchen, has been sold to Food Management Partners Inc. a San Antonio based company...
Seems Zio's was seen as a very good concept and will be opened in other States.
Complete Story (//%22http://www.tulsabusiness.com/article.asp?aID=54722257.5081088.603655.1438066.1941717.608&aID2=46426%22)
"Everything in Tulsa can't be all that bad"
[}:)]
I'm suprised Zios hadn't expanded more than it had. Supposedly they have a much larger profit margin than a Mazzios. It's nice to see them expand, but I wonder why they decided to sell. The story also makes it sound as if Mazzio's didn't actually own Mazzios.
Zio's isn't really Mazzio's core business concept, and it was probably ripe for a spin-off.
One interesting twist to the Mazzio's/Zio's story is that Greg Lippert, long-time VP of marketing for Mazzio's, left here about four years ago and spent time working for Fazoli's in Louisville as chief of marketing before moving back here to become president and CEO of Mazzio's Corp. Makes one wonder a little if that wasn't a planned educational journey to learn how to make Zio's more marketable.
Lippert is a sharp guy, he deserves a lot of the credit for why Mazzio's is where they are today. Selby justifiably has a lot of trust in Greg.
Yea I dont see how this is a good thing? Now the Zios profits will go some place else. The idea is to keep local companies owned by local individuals. The people who work for companies dont make a lot of money, its the people who own the company that make the money. Plus the money made in other stores that arent in the city, if a business is locally owned, also comes to Tulsa.
But its a shame they arent a local company anymore, I really liked them. I definitely wont eat there now. I try to support the local businesses, as should everyone here if you care about the city and its economy.
quote:
Originally posted by TheArtist
I definitely wont eat there now. I try to support the local businesses, as should everyone here if you care about the city and its economy.
Um, so are they bussing in out of state workers as well? If not, isn't your money helping locally by paying the salaries of those who work there (who presumably live locally)? Isn't the business paying local taxes? Aren't the workers paying local taxes?
I guess I don't get it, unless you just really want it all. Including the probably 10% profit they make. Never mind they probably just paid the former owners (local owners) 5 to 10 times that amount for the business. Which they will probably invest locally. I guess all of that is bad for our local economy.
quote:
Originally posted by tjay88
quote:
Originally posted by TheArtist
I definitely wont eat there now. I try to support the local businesses, as should everyone here if you care about the city and its economy.
Um, so are they bussing in out of state workers as well? If not, isn't your money helping locally by paying the salaries of those who work there (who presumably live locally)? Isn't the business paying local taxes? Aren't the workers paying local taxes?
I guess I don't get it, unless you just really want it all. Including the probably 10% profit they make. Never mind they probably just paid the former owners (local owners) 5 to 10 times that amount for the business. Which they will probably invest locally. I guess all of that is bad for our local economy.
Zio's also likely had back office staff which are out of work and any growth of the franchise in other states will now provide no benefit to Tulsa.
quote:
Originally posted by Conan71
Zio's isn't really Mazzio's core business concept, and it was probably ripe for a spin-off.
One interesting twist to the Mazzio's/Zio's story is that Greg Lippert, long-time VP of marketing for Mazzio's, left here about four years ago and spent time working for Fazoli's in Louisville as chief of marketing before moving back here to become president and CEO of Mazzio's Corp. Makes one wonder a little if that wasn't a planned educational journey to learn how to make Zio's more marketable.
Lippert is a sharp guy, he deserves a lot of the credit for why Mazzio's is where they are today. Selby justifiably has a lot of trust in Greg.
I think getting cancer not knowing how long he was going to live, and wanting to be back home with his family was Greg's motivator for moving back to Tulsa. He's too honest to take a job just for research and then bail.
quote:
Originally posted by TheArtist
Yea I dont see how this is a good thing? Now the Zios profits will go some place else. The idea is to keep local companies owned by local individuals. The people who work for companies dont make a lot of money, its the people who own the company that make the money. Plus the money made in other stores that arent in the city, if a business is locally owned, also comes to Tulsa.
But its a shame they arent a local company anymore, I really liked them. I definitely wont eat there now. I try to support the local businesses, as should everyone here if you care about the city and its economy.
Simply amazing how many could enter a financial managers field as though they were Warren Buffet......
Prodigies they are.... Or possibly savants.
[}:)]
quote:
Originally posted by sgrizzle
quote:
Originally posted by tjay88
quote:
Originally posted by TheArtist
I definitely wont eat there now. I try to support the local businesses, as should everyone here if you care about the city and its economy.
Um, so are they bussing in out of state workers as well? If not, isn't your money helping locally by paying the salaries of those who work there (who presumably live locally)? Isn't the business paying local taxes? Aren't the workers paying local taxes?
I guess I don't get it, unless you just really want it all. Including the probably 10% profit they make. Never mind they probably just paid the former owners (local owners) 5 to 10 times that amount for the business. Which they will probably invest locally. I guess all of that is bad for our local economy.
Zio's also likely had back office staff which are out of work and any growth of the franchise in other states will now provide no benefit to Tulsa.
I believe the "back office staff" will just be moved to another of Selby's operations...
This is not the end of the parent company.
I don't think this is near as bad as it sounds. What about ploughing back the capital from the sale into more Mazzio's operations which will ultimately impact Tulsa? The local Zio's still hire local people, still provision locally, still pay local rent, taxes, etc. I don't eat there often, but their sale to an out of state company certainly wouldn't prevent me from eating there in the future.
Just a guess, but I'd bet there weren't that many HQ jobs which were soley devoted to Zio's. Based on the way the company has always been run, Selby and Lippert aren't going to hang anyone out to dry.
I expect that a) Zio's will still have a business presence in Tulsa and b) that another concept will emerge from Mazzio's in it's place. Mazzio's is a good company, and they treat their employees, all down the line, very, very well.
We still have RibCrib!
quote:
Originally posted by tjay88
quote:
Originally posted by TheArtist
I definitely wont eat there now. I try to support the local businesses, as should everyone here if you care about the city and its economy.
Um, so are they bussing in out of state workers as well? If not, isn't your money helping locally by paying the salaries of those who work there (who presumably live locally)? Isn't the business paying local taxes? Aren't the workers paying local taxes?
I guess I don't get it, unless you just really want it all. Including the probably 10% profit they make. Never mind they probably just paid the former owners (local owners) 5 to 10 times that amount for the business. Which they will probably invest locally. I guess all of that is bad for our local economy.
Yes but if I spend my money at a local restaurant and they do well, then they will be able to expand and hire more people etc. The same amount of people will be working regardless of where we spend our money, but if the business is local the profits, not just the pay, stays local.
Plus its also about helping good, local businesses thrive and possibly expand themselves. Supporting a good local business enables them to expand to other cities and when they do that the profits from those other places potentially come to Tulsa.
Its the generosity of "headquarters" companies that are located here, which can really make big contributions to the "extras" of the local community. Generous donors are often those who have prosperous businesses and live here. We need more companies headquartered here. Working for a company does not generate real wealth, its owning a company that does. Those cities that have more companies headquartered in them, do better, have more wealth to spend, or get spent on them. Look at what QT has started to do lately, and BOK, a lot of old oil businesses have left us with generous benefactors which have given us so many things, and continue to do so. Companies mostly donate where they are located, plus their back offices and higher waged upper level workers are in the "headquarter" city.
Basically the same amount of people will be working whether you are supporting a local company or one that isnt local. But by supporting a local company more of your money stays in the city and you enable a local company to possibly grow into other cities and bring even more profits to the area.
I dare say if you were a local business owner and were just as good as one that wasnt, you would see how helping you prosper does a lot more for the local economy than seeing the locals spend their money at a business that wasnt locally owned.
As for them putting the money back into the local economy that they are getting from the sale, that very well may be true. If they are say, opening another chain of restaurants, they will hire more people, but here again, if you have to choose between supporting their new local venture and supporting the one that is now owned by someone not local... which would you choose to support? (assuming they are just as good etc. lol) I dont eat out that often anymore, so if I can choose between a good local restaurant and a similar non locally owned one, I will choose to help out the local guy and his employees.
quote:
Originally posted by spoonbill
We still have RibCrib!
Camille's is local too! Look how much it has expanded internationally!
quote:
Originally posted by safetyguy
quote:
Originally posted by spoonbill
We still have RibCrib!
Camille's is local too! Look how much it has expanded internationally!
internationally? I was not aware of a camilles outside of the US.
Spoonbill,
Cancer? Where did you hear that?
Rose
quote:
Originally posted by inteller
quote:
Originally posted by safetyguy
quote:
Originally posted by spoonbill
We still have RibCrib!
Camille's is local too! Look how much it has expanded internationally!
internationally? I was not aware of a camilles outside of the US.
They've been selling franchises outside the U.S. for a few years.
quote:
Originally posted by TheArtist
Yea I dont see how this is a good thing? Now the Zios profits will go some place else. The idea is to keep local companies owned by local individuals. The people who work for companies dont make a lot of money, its the people who own the company that make the money. Plus the money made in other stores that arent in the city, if a business is locally owned, also comes to Tulsa.
But its a shame they arent a local company anymore, I really liked them. I definitely wont eat there now. I try to support the local businesses, as should everyone here if you care about the city and its economy.
Yes..I'm sure all the paints and brushes you use are made locally....Get a grip please...
quote:
Originally posted by Breadburner
quote:
Originally posted by TheArtist
Yea I dont see how this is a good thing? Now the Zios profits will go some place else. The idea is to keep local companies owned by local individuals. The people who work for companies dont make a lot of money, its the people who own the company that make the money. Plus the money made in other stores that arent in the city, if a business is locally owned, also comes to Tulsa.
But its a shame they arent a local company anymore, I really liked them. I definitely wont eat there now. I try to support the local businesses, as should everyone here if you care about the city and its economy.
Yes..I'm sure all the paints and brushes you use are made locally....Get a grip please...
Wow your "brilliant".
1. If they dont make something here, you obviously cant buy it from someone who makes it here. If however they do, its a good product and service at a fair price... I say support the local guy.
2. Its not always about what product is made here. A "widget" could be made in China, but if I have the option of buying that widget from a local seller versus a national one, and again, the service and price are about the same... I will try and buy from the local guy. And or I try to buy as close a local source as possible. Will choose the USA apple or product over the Brazilian one, the Oklahoma apple over the USA one, the Tulsa apple over the Oklahoma one.
3. Havent you ever heard of "Anchor Paints"? http://www.anchorpaint.com/article.asp How about "Spectrum"? http://www.spectrumpaint.com/ They are local manufacturers and distributors of paints. They are great local companies that I and many other local painters/artists use a lot. I also buy a lot of my art supplies from Zieglers, they are a great locally owned company. My family has used them for generations. They know me by name there, always ask about my parents and grandparents who were artists and bought supplies, sold their art and taught classes there for ages.
Yeah, but does Anchor make gold paint? [}:)]
quote:
Originally posted by TheArtist
quote:
Originally posted by tjay88
QuoteOriginally posted by TheArtist
I definitely wont eat there now. I try to support the local businesses, as should everyone here if you care about the city and its economy.
Um, so are they bussing in out of state workers as well? If not, isn't your money helping locally by paying the salaries of those who work there (who presumably live locally)? Isn't the business paying local taxes? Aren't the workers paying local taxes?
I guess I don't get it, unless you just really want it all. Including the probably 10% profit they make. Never mind they probably just paid the former owners (local owners) 5 to 10 times that amount for the business. Which they will probably invest locally. I guess all of that is bad for our local economy.
The same amount of people will be working regardless of where we spend our money, but if the business is local the profits, not just the pay, stays local.
whose to say these profits are staying locally? whose to say they dont have family in another state or country and give their family all the earnings? Not each business is this perfect mom and pop store that has been open since the 60's and gives their kids and family all the profits. (for example, like Yale Cleaners). They have been family owned since the day they opened the doors, and I think its in the 3rd generation of family running it now.
You have all these local mexican, lebanese, and other great restaurants, but you cant sit there and tell me they take their profits and reinvest into their own establishment or the city. Thats a dreamworld, and we are far from it.
quote:
Originally posted by Conan71
quote:
Originally posted by inteller
quote:
Originally posted by safetyguy
quote:
Originally posted by spoonbill
We still have RibCrib!
Camille's is local too! Look how much it has expanded internationally!
internationally? I was not aware of a camilles outside of the US.
They've been selling franchises outside the U.S. for a few years.
yeah, but how many of those actually started a store. I can buy franchise rights but never start a store.
quote:
Originally posted by TUalum0982
quote:
Originally posted by TheArtist
quote:
Originally posted by tjay88
QuoteOriginally posted by TheArtist
I definitely wont eat there now. I try to support the local businesses, as should everyone here if you care about the city and its economy.
Um, so are they bussing in out of state workers as well? If not, isn't your money helping locally by paying the salaries of those who work there (who presumably live locally)? Isn't the business paying local taxes? Aren't the workers paying local taxes?
I guess I don't get it, unless you just really want it all. Including the probably 10% profit they make. Never mind they probably just paid the former owners (local owners) 5 to 10 times that amount for the business. Which they will probably invest locally. I guess all of that is bad for our local economy.
The same amount of people will be working regardless of where we spend our money, but if the business is local the profits, not just the pay, stays local.
whose to say these profits are staying locally? whose to say they dont have family in another state or country and give their family all the earnings? Not each business is this perfect mom and pop store that has been open since the 60's and gives their kids and family all the profits. (for example, like Yale Cleaners). They have been family owned since the day they opened the doors, and I think its in the 3rd generation of family running it now.
You have all these local mexican, lebanese, and other great restaurants, but you cant sit there and tell me they take their profits and reinvest into their own establishment or the city. Thats a dreamworld, and we are far from it.
Selby's kids all live here in Tulsa.
quote:
Originally posted by TUalum0982
quote:
Originally posted by TheArtist
quote:
Originally posted by tjay88
QuoteOriginally posted by TheArtist
I definitely wont eat there now. I try to support the local businesses, as should everyone here if you care about the city and its economy.
Um, so are they bussing in out of state workers as well? If not, isn't your money helping locally by paying the salaries of those who work there (who presumably live locally)? Isn't the business paying local taxes? Aren't the workers paying local taxes?
I guess I don't get it, unless you just really want it all. Including the probably 10% profit they make. Never mind they probably just paid the former owners (local owners) 5 to 10 times that amount for the business. Which they will probably invest locally. I guess all of that is bad for our local economy.
The same amount of people will be working regardless of where we spend our money, but if the business is local the profits, not just the pay, stays local.
whose to say these profits are staying locally? whose to say they dont have family in another state or country and give their family all the earnings? Not each business is this perfect mom and pop store that has been open since the 60's and gives their kids and family all the profits. (for example, like Yale Cleaners). They have been family owned since the day they opened the doors, and I think its in the 3rd generation of family running it now.
You have all these local mexican, lebanese, and other great restaurants, but you cant sit there and tell me they take their profits and reinvest into their own establishment or the city. Thats a dreamworld, and we are far from it.
I wouldnt expect the local owners of a company to "give" their kids and family all the profits. My parents never gave me any of their profits other than food on the table and a roof over my head. It was their money, they earned it not me. And that in itself is a good point. Those people buy houses, cars, shop, eat, etc locally with their profits. If we dont support the local people then they may end up working for a non locally owned company. A larger percentage of the money spent at a locally owned and run mexican restaruant stays in the local economy than stays in the economy if the owners are non local. Regardless of whether they have any family or not, THEY, the owners have a job and spend that money in the local economy along with what they pay their employees. And they more likely will buy their products, food, etc. locally. I dont have any kids but I guarantee you I put more money into the local economy because I dont work for some out of town artist. I take the profits AND I employ people. I have run into several clients who had flown in some "fancy talking" artist from Dallas or even Italy, then after they saw my work compared to theirs and what they paid that out of town artist to boot, were kicking themselves for not going with the local guy in the first place. PLUS as my reputation and experience grew, I now get to earn money from clients from out of town and even in other states and countries and bring that back to Tulsa. Not a big deal in my case, but with lots of small companies doing it, it adds up. And who knows which one of those small companies will eventually expand and make it big to be the next big local company.
quote:
Originally posted by Tualum0982
You have all these local mexican, lebanese, and other great restaurants, but you cant sit there and tell me they take their profits and reinvest into their own establishment or the city. Thats a dreamworld, and we are far from it.
quote]
Originally posted by TheartistI wouldnt expect the local owners of a company to "give" their kids and family all the profits. My parents never gave me any of their profits other than food on the table and a roof over my head. It was their money, they earned it not me. And that in itself is a good point. Those people buy houses, cars, shop, eat, etc locally with their profits. If we dont support the local people then they may end up working for a non locally owned company. A larger percentage of the money spent at a locally owned and run mexican restaruant stays in the local economy than stays in the economy if the owners are non local. Regardless of whether they have any family or not, THEY, the owners have a job and spend that money in the local economy along with what they pay their employees. And they more likely will buy their products, food, etc. locally. I dont have any kids but I guarantee you I put more money into the local economy because I dont work for some out of town artist. I take the profits AND I employ people. I have run into several clients who had flown in some "fancy talking" artist from Dallas or even Italy, then after they saw my work compared to theirs and what they paid that out of town artist to boot, were kicking themselves for not going with the local guy in the first place. PLUS as my reputation and experience grew, I now get to earn money from clients from out of town and even in other states and countries and bring that back to Tulsa. Not a big deal in my case, but with lots of small companies doing it, it adds up. And who knows which one of those small companies will eventually expand and make it big to be the next big local company.
[/quote]
I see what you are saying, and I am not trying to sound like an attorney or politiction, but whose to say they spend their money locally?
Whose to say they dont go down to dallas to buy their cars, do their shopping, etc. Or even KC for that matter, each is only 4hrs away. I know whenever my parents go to buy a new car, they always go to dallas, because there is more competition and they can save several thousand dollars vs buying one locally in town. Once again, I see what you mean by your post, but I think its a little naive to think that they spend all their money locally, because it just doesnt happen.
The difference between your family and their family is that your parents probably didnt come to the US to start a new life and leave family members behind. There are several local mexican and lebanese restaurants that did just that. They left their family behind to start a new life and help provide for their family back home.
and on a side note, after watching the clip from the news, its nice to finally put a face to all these names I see here on a regular basis.
^ Well good. Now imagine my face giving you a really mean look.
quote:
Originally posted by TheArtist
^ Well good. Now imagine my face giving you a really mean look.
I get chills just reading that comment, or maybe it has something to do with the fact thats is 28 degrees outside! [:D]