The Times of IsraelEconomy
Kosher Hot Dog Chain Zalman's Sells Half Stake to Expand
Summarized from The Times of Israel by baba
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Moshe Zalman Olive's kosher hot dog chain, Zalman's, has sold a 50% stake to Kamari for $1.14 million, valuing the company at $2.3 million. The investment aims to expand the chain from 12 to 40 branches within a year, with founder Olive seeing it as a growth opportunity. Zalman's, founded in 2019 due to a lack of quality hot dogs in Israel, has seen success and is now looking to broaden its reach, particularly in the Haredi sector.
The story in 5 lines · by baba
- Zalman's kosher hot dog chain sold a 50% stake to Kamari for $1.14 million.
- The deal values the company at $2.3 million and aims to expand from 12 to 40 branches.
- Founder Moshe Zalman Olive sees the sale as an opportunity for growth, not an exit.
- Zalman's was founded in 2019 by Olive, an immigrant frustrated by Israeli hot dog quality.
- Expansion plans include a focus on the Haredi sector and English-speaking customers.
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