While "Mad Money" is a show about stocks, Jim Cramer also thinks it is important to check in with privately held companies making groundbreaking moves in a given industry.
MOD Pizza is a fast-casual restaurant chain that was founded in 2008 and now has 110 locations spanning 16 states. Its business model? Cheap food and paying employees well — and it is working.
Cramer spoke with MOD's CEO Scott Svenson, who founded the company with his wife Ally Svenson. They noticed that while pizza was one of the fastest growing food categories, there was a shocking lack of innovation.
"The beauty is if you can get the volumes right — which is a really important part of the equation — take care of and engage your team so that they care as much about the outcome as you do, the business has to take care of itself, and we generate great margins," Svenson said.