P. Terry's Burger Stand

We’re grateful to Damon Cassidy for featuring our co-founder, Kathy Terry, and General Manager, Miracle Wright, as they share the story behind P. Terry’s recent transition to Employee Ownership and Profit Sharing. As they share in the video, our industry continues to face real challenges. Through it all, we remain committed to investing in our people while staying true to what has always mattered most: serving high-quality, all-natural food at prices families can afford. We believe that when our people succeed, our guests, our communities, and our company succeed alongside them. ❤️ https://lnkd.in/eFHaMVnb

What an incredible Giving Back Day! ❤️ Together, we raised $79,412 during Saturday's Giving Back Day to support three non-profit organizations doing important work in the communities we serve. Supporting: - San Antonio: ChildSafe - Austin: Hungry Souls - Houston: East Fort Bend Human Needs Ministry Interested in participating in a future Giving Back Day? Visit the Giving Back page on our website to learn more and submit an application.

We're pretty proud of getting to work on this one...today P. Terry's Burger Stand announces their transition to employee ownership through an Employee Ownership Trust (EOT), benefitting 1,800 employees. Over the past two decades Patrick and Kathy Terry have built the original burger stand into a beloved brand with 38 locations across Texas alongside their team, and today they've chosen to protect that legacy, culture and vision for the long term through this transition. Congrats to the entire team, we're thrilled for this next chapter of P. Terry's Burger Stand as employee owned! https://lnkd.in/gHyaPV4N

We have BIG news to share. Starting today, P. Terry's is becoming employee-owned through an Employee Ownership Trust (EOT). Patrick and Kathy Terry aren't going anywhere. This step helps ensure that the values they've built P. Terry's on, including taking care of people, serving quality food, and supporting our communities, continue for generations to come. We're also excited to introduce a new profit-sharing program for employees with at least two years of tenure. Beginning this year, 5% of operating income will be distributed among eligible employees, with plans to increase that amount to as much as 20% over time. From the beginning, we believed that taking care of people and building a great business weren’t competing ideas. This transition is the most honest expression of that belief we’ve ever made. P. Terry’s has always belonged to the people who show up every day. Now, it’s official. ❤️

Tomorrow, we’re hosting our second Giving Back Day of the year and donating 100% of profits back to the community. 🍔❤️ 📍 Visit any of our 38 stands to help give back! We're supporting: - Austin: Hungry Souls - San Antonio: ChildSafe - Houston: East Fort Bend Human Needs Ministry Since 2005, our Giving Back Days have raised more than $2.8M in support of local nonprofit organizations. Help us spread the word by sharing this with a friend! 🫶

On Saturday (6/6), all 38 P. Terry's locations will donate 100% of profits to our community. ❤️ We're supporting: - Austin: Hungry Souls - San Antonio: ChildSafe - Houston: East Fort Bend Human Needs Ministry Since 2005, our Giving Back Day program has raised $2.8M for local non-profits. 🍔🍟

The Terry's are the definition of what family-values and grit looks like. Kathy & Patrick were kind enough to have lunch with me the other day and share their perspective, on why local ownership matters. 20 years ago they started with 1 burger stand in Austin (original location, photo below) and a handful of Teammates. Now they are 38 locations strong all across Texas, with over 1,000 Teammates. As we were chomping down a classic P Terry's cheeseburger, I learned this: 10 years ago they had an offer to sell their business for enough money, that they could buy their own small country with. But as soon as they received the offer, they both started to wonder who would take care of Vince if his car breaks down again or what would happen to Maggie, Connie or Isabelle? Will the new investors care? No. Not like they have. They'd be walking away from a decade of hard earned trust and relationships they've built, with their Team and their customers. Kathy said that local ownership is something we have to encourage. Anything worth doing in life is done slow and deliberately. She said you'll learn that it's not about the money, it's about the impact. The support and supplies you are able to send down to a Texas town, after a horrific flood, becomes the North Star, not the exit value. Both wished more folks got the chance to experience what their family has- The warm embrace of making a difference in People's lives. That only happens if you can control the good you do. If there's someone else pulling the strings.... All that goes away. Finally, the Terry's shared a story from the beginning, where they were closing up late, at their first burger stand , headed home, when they both realized they needed to get the kitchen clean before the next morning. Kathy went to a 24 hour store for cleaning supplies and Patrick opened the stand back up. Kathy then looked over to him and said "Well, we're not going to be able to do this by ourselves." That lined is burned in both of their souls and you can tell it still moves them deeply. They understood that from that point on, this was going to be built on the hard work of others... Not just them. Watching them walk through the burger stand, you can tell that they are not only respected, but beloved by their folks. There's a fierce loyalty you see from both sides. That's the sign and responsibility of true ownership. Makes you only want to eat at a P. Terry's Burger Stand. Thanks Terrys. Your example matters. #LocallyOwned #FamilyValues #SlowGrowth #StrongFoundations