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Started By
Message
re: Jersey Mikes is about to be Red Lobstered.
Posted on 6/3/24 at 1:46 pm to GumboPot
Posted on 6/3/24 at 1:46 pm to GumboPot
quote:
In the long run I see this is less competition for your local mom and pop po-boy/sandwich shops.
And the world will be a better place for it.
We don't have many Jersey Mikes around us but we have Jimmy Johns. Pretty good sandwich....never know when the bastards are going to actually be open. We have a Vietnamese sandwich place close to the house....those owners are open at 5AM every day, make a damn good sandwich (and a damn good breakfast( and they are there at 10 PM. 7 days a week. Like clockwork. Absentee ownership of a restaurant is a hard way to make a restaurant work...doing what those Vietnamese do is harder but they are making it work. And they ain't paying all or most of their profits in franchise fees....
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Posted on 6/3/24 at 1:50 pm to GetBackToWork
quote:
Can someone name one chain restaurant where private equity increased the food quality and dining experience?
Well that's a question with a subjective answer. Name about any trendy chain restaurant. If you like it, chances are a PE firm is backing it.
Posted on 6/3/24 at 1:59 pm to GumboPot
(no message)
This post was edited on 5/4/25 at 10:03 pm
Posted on 6/3/24 at 2:19 pm to Cdawg
quote:
Name about any trendy chain restaurant. If you like it, chances are a PE firm is backing it.
If you buy up everything eventually you will stumble into a winner that you can't kill. lmao.
PE is still objectively horrible and you should try your best to avoid dealing with them when you have the option.
Never work for a PE fund or a portfolio company to start.
Posted on 6/3/24 at 2:22 pm to morganwadefan
quote:
I’m a lifelong resident of the South except for being stationed in Philly while in the Navy. After having the authentic cheese steaks there, Jersey Mike’s are the only ones I have found to be as good.
Charley's Cheesesteaks are legit
Posted on 6/3/24 at 2:48 pm to GumboPot
Jersey Mikes and Firehouse are both pretty dang good.
Posted on 6/3/24 at 2:50 pm to GumboPot
quote:
local mom and pop po-boy/sandwich shops.
What local mom and pop’s
Posted on 6/3/24 at 2:52 pm to GumboPot
Jersey Mikes is great. But they’ve clearly expanded too quickly
Posted on 6/3/24 at 3:02 pm to GumboPot
If it goes broke and vanishes, some enterprising person should buy the trademarks and start anew. Build it back up.
Posted on 6/3/24 at 3:05 pm to GumboPot
Surprised there's so many jersey Mike's lovers. I've had them when I lived in Richmond and here in savannah. Can't say that i really care for either of them tbh. Maybe it's just the locations I've been too.
Firehouse is the best sub chain imo.
Firehouse is the best sub chain imo.
Posted on 6/3/24 at 3:06 pm to GumboPot
PE executives should be lined up against a wall and shot.
Posted on 6/3/24 at 3:11 pm to jclem11
quote:
Sure and the PE vultures know nothing about building and maintaining a product or business.
The only thing PE vultures know is how to slash and burn and destroy.
PE is objectively horrible for everyone except the very few at the top.
PE should be permanently banned from healthcare. They have blood on their hands and continue to kill people everyday.
If you stan PE you should re-examine yourself and think about killing yourself for being so retarded.
You clearly have strong feelings about this. I work in the industry.
But PE is a lot more broad than just the stereotypical buyout funds that most people think of. Posted on 6/3/24 at 3:12 pm to jclem11
quote:
Never work for a PE fund or a portfolio company to start.
Posted on 6/3/24 at 3:19 pm to GumboPot
He's arguing all of private equity is pump and dump, and yeah it's really just not that.
Posted on 6/3/24 at 3:24 pm to Mo Jeaux
quote:
You clearly have strong feelings about this.
100%. PE is pure evil and overall a net negative on society as a whole.
All they do is destroy businesses, communities, and individuals so they and their buddies can be rich.
Oh and in the case of healthcare kill people. But MuH line must go up.
quote:
After hospitals were purchased by private equity firms, patients had a substantial increase in infections, falls, and other adverse events. Acquisition of hospitals by private equity may lead to poorer health outcomes for patients in addition to increased costs for society
LINK - NIH
quote:
I work in the industry.
See my above post and consider killing yourself. But there is still time to get out to save your dignity and soul.
quote:
But PE is a lot more broad than just the stereotypical buyout funds that most people think of.
PE is all the same evil business model and should be burned to the ground. PE does absolutely nothing to improve the world and has provided immeasurable harm.
Posted on 6/3/24 at 3:27 pm to jclem11
quote:
See my above post and consider killing yourself.
Nah, I'm fine thanks. quote:
But there is still time to get out to save your dignity and soul.
I'll retire one day I suppose.
quote:
PE is all the same evil business model and should be burned to the ground. PE does absolutely nothing to improve the world and has provided immeasurable harm.
This is certainly a take.
Posted on 6/3/24 at 3:29 pm to jclem11
quote:
See my above post and consider killing yourself.
Posted on 6/3/24 at 3:34 pm to kingbob
quote:
Jersey Mikes is easily the best sub chain.
RIP Quizmo's.
Posted on 6/3/24 at 3:47 pm to Mo Jeaux
quote:
This is certainly a take.
The only people to speak positively of PE funds are the people who work there and people who sell out to them.
That speaks volumes. I said what I said.
Your industry is evil and morally bankrupt and provides zero value to society.
Posted on 6/3/24 at 4:42 pm to Mo Jeaux
quote:
In fairness, they don't owe any fiduciary obligations to the consumer or, for the most part, to employees of portfolio companies.
And that's shitty. Really shitty.
I deeply care about my employees. I have an obligation to them. They rely on me to put food on their families' tables. I want my employees to succeed in life. PE treats employees as numbers.
I also care about my customers. They make us what we are. I want loyal, satisfied, repeat customers. I'm third generation owner, and we have tons of third generation customers.
PE, in most cases, are vampires. It's all about numbers and short-term profit. I've seen what they've done to businesses they've acquired in my industry, and I don't like it.
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