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Jersey Mike's bought by private equity firm
Posted on 11/19/24 at 4:13 pm
Posted on 11/19/24 at 4:13 pm
Blackstone bought it for $8 billion. One of the few good sub chains left is about to go to shite 
LINK
LINK
This post was edited on 11/19/24 at 4:23 pm
37
Posted on 11/19/24 at 4:14 pm to yaboidarrell
frick. Just ate there Saturday. Pretty damn good for what it is.
Posted on 11/19/24 at 4:15 pm to yaboidarrell
Well, they'll be fricked up in a matter of months.
Posted on 11/19/24 at 4:15 pm to yaboidarrell
They’re about to be completely destroyed
Posted on 11/19/24 at 4:17 pm to yaboidarrell
Blackstone is another company that needs to get completely fricked.
Posted on 11/19/24 at 4:18 pm to upgrayedd
So if you're an owner founder, did you just sign a non-compete contract, or can you wait a year or two and then go out and do it well again?
Posted on 11/19/24 at 4:18 pm to yaboidarrell
Time to get your wives back in the kitchen and making your sandwiches, the way nature intended.
Posted on 11/19/24 at 4:19 pm to El Segundo Guy
Can Trump shut this deal down
Posted on 11/19/24 at 4:25 pm to yaboidarrell
The fact that Blackstone is considered a private equity firm is ridiculous..
This post was edited on 11/19/24 at 5:31 pm
Posted on 11/19/24 at 4:25 pm to yaboidarrell
They’ll be like subway in short order. Less store staff, slower service, lower quality ingredients, skimpier and smaller subs. Higher prices.
The PE money guys are about to “analyze” JMs and milk the brand dry.
The PE money guys are about to “analyze” JMs and milk the brand dry.
Posted on 11/19/24 at 4:27 pm to yaboidarrell
i freaking love the big kahuna steak sandwich as guilty treat, but the chicken sandwich is a 90% drop off in quality. Everybody that has had it says it's awful and i feel bad for enjoying my steak one while they misordered.
Posted on 11/19/24 at 4:27 pm to yaboidarrell
aaaaaaand its gone.
Posted on 11/19/24 at 4:27 pm to 3nOut
I’ll soon be down to only Firehouse.
Posted on 11/19/24 at 4:28 pm to TejasHorn
Has a PE firm ever actually improved a restaurant franchise?
Posted on 11/19/24 at 4:30 pm to yaboidarrell
Never been to a Jersey Mike’s? Must be good though.
Posted on 11/19/24 at 4:35 pm to yaboidarrell
Well shite, what's gonna happen to Danny Devito?
Posted on 11/19/24 at 4:37 pm to BZ504
Blackstone will then acquire the land or buildings these Jersey Mikes and raise the lease. Just look at how they destroyed red lobster. It's going to be the same MO
Posted on 11/19/24 at 4:38 pm to real turf fan
quote:Typical non-compete for the sale of a business is 5 years
So if you're an owner founder, did you just sign a non-compete contract, or can you wait a year or two and then go out and do it well again?
Posted on 11/19/24 at 4:45 pm to yaboidarrell
quote:
Cancro will continue leading the sandwich chain and will keep a "significant equity stake," according to Blackstone.
CEO and basically the founder staying on. There’s a little hope it doesn’t go to shite, at least for a while.
Posted on 11/19/24 at 4:45 pm to Havoc
quote:
Has a PE firm ever actually improved a restaurant franchise?
Blackstone does make a decent grill.
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