Categories
Fast Food

First All-Organic Fast Food Chain Founded By Costco Execs Raises $7 Million In Funding

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A fast-food chain founded by two former Costco executives just raised $7 million in a round of funding that was led by Costco’s founder. The organic chain currently has two restaurants in San Francisco and Pleasanton, California, and is preparing to expand to at least 24 new locations with its new investment.

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The Organic Coup, a USDA-certified organic fast-food chain, is the first of its kind in the United States. It specializes in fried-chicken sandwiches prepared in coconut oil and offers sides such as chocolate-drizzled popcorn. Coconut oil is perhaps the most expensive oil on the market, but was chosen for its obvious health benefits.

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One of the company’s cofounders is Erica Welton, a former food buyer for Costco for 14 years. Cofounder Dennis Hoover has been with Costco for 33 years and responsible for overseeing 53 of the wholesale giant’s warehouses in Northern California.

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In fact, Hoover had a direct hand in transforming Costco into one of the largest providers of organic goods in the world. It’s not surprising that The Organic Coup has noteworthy backers that include Costco’s founder and former CEO Jim Sinegal as well as Costco’s chief financial officer, Richard Galanti. Galanti told Business Insider:

“I have complete confidence in him [Hoover] — he’s a great operator. I also like the fact that my boss [Senegal] for many years is a major investor.”

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Welton and Hoover may not have any previous restaurant experience, but they’re borrowing a thing or two from Costco to ensure their success. Hoover said:

“Our model is based on that Costco model of efficiency and paying employees a great wage.”

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The starting wages for The Organic Coup is $16 an hour in San Francisco and $14 an hour in Pleasanton. That’s nearly double the $7.98 hourly wage fast-food workers in the US reportedly make.

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Organic Coup’s menu is also unfortunately, a little bit pricier than your typical fast-food restaurant. Their fried-chicken sandwich costs $9.99 compared to $4 for one at Chick-fil-A. So far, it seems to be well-received with four stars for its Pleasanton location on Yelp.

Written by NextShark || Images via Instagram

Categories
Video

Pizza Hut Has A GOLD-Crusted Pizza And Here’s How To Get It [KATCHUP]

In this corner, still the current champion of weekly story compilations, weighing in at 6 awesome stories…ladies and gentlemen, I give to you…the Foodbeast Weekly Katchup!

You may have missed out on all the shenanigans we’ve gotten into this past week, but fear not, for now is your chance at redemption!

Check out the video above find out where to get Big Mac sauce, the most expensive picture of a potato we’ve ever seen, and…gold-encrusted pizza?! WTF?!

1. McDonald’s Big Mac Sauce For Sale

Well it’s about damn time, McDonald’s! The uber-popular fast food chain has finally started selling their Big Mac sauce by the bottle.

Unfortunately, this is a limited-time offer, and it’s only available in Australia. Still, I’m sure we can convince our friends down under to save a couple of bottles for us.

2. The Golden Donut

This $100 work of edible art is made by hand, then it’s topped with stuffed with purple ube mousse and Cristal jelly. Finally, it’s covered in enough gold to make Goldmember’s skin start spontaneously flaking.

And yes, that Cristal. The same one you would find in music videos being poured down supermodels’ throats by any number of 1998’s most popular rappers.

3. $1.5 Million Dollar Potato Photograph

I don’t know which is worse, the fact that somebody paid that much for a picture of a potato, or the fact that apparently I could have been selling sexy potato pictures for buttloads of cash this whole time.

With that in mind, there is something to be said about my overwhelming desire for fries and hash browns right now…

4. Crazy Kitty Coffee Art

Elena is just like you and me, only when she spills coffee on her paperwork, she puts out some insanely dope stuff.

Not only did she manage to capture the essence of each cat in her artwork, but she also painted them in such a surrealist way that, if you think about it, the photographs of the art are art themselves.

Go ahead let that sink in while I start splashing Dr. Pepper on construction paper until one of the stains makes a German shepherd.

5. The Chicken Nugget Heist of 2016

Surely we’ve all dreamed of that one moment in a parallel universe where we stand up at our desks, throw shit at our obnoxious coworkers, then leave a big pile of steaming shit on our boss’s desk. No? Just me? Oh.

Well, one lucky guy got to live out the dream of his parallel universe. On his way out on his last day working for Burger King, John Correa made sure to leave a lasting impression by stealing all of the branch’s chicken nuggets. One thing we know for sure he didn’t leave…is hungry.

6. The Golden Pizza

Pizza Hut is in the news again, only this time it’s for something other than their drug-dealing employees.

Exactly 50 gold-encrusted pizzas will be sent out on Super Bowl Sunday to 50 lucky customers. *The catch, though, is that you have to order one of Pizza Hut’s Golden Garlic Knots Pizzas.

*Note: You will not receive an Oompa Loompa-guided tour of the Pizza Hut factory if you win, despite what you may have heard about a marinara river that runs through the factory.

Categories
Hit-Or-Miss

Costco Is Losing $40 Million Every Year In Rotisserie Chicken Costs And They Don’t Even Care

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Costco has been selling whole rotisserie chickens for a while now. At $4.99, it’s one of the cheapest offerings of ready-to-eat whole chickens around. Turns out, that $4.99 price tag is costing Costco millions of dollars. They just don’t care.

Richard Galanti, chief financial officer of Costco, recently spoke to the Seattle Times about Costco’s consistent chicken pricing. According to the Times, Costco loses about $30 to $40 million every year in chicken prices because they refuse to raise them higher than $4.99. While competitors are charging $6-7 for chicken, Costco has been adamant at keeping the cost at $5.

This seems to be a practice that reaches all the way from the deli out to the food court where the price of hot dogs, sodas and pizzas are cheap and consistent.

Costco is reported to have sold 76 million rotisserie chickens in 2014.

Photo: Costco Chicken