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re: Jersey Mike's sandwich comparison before private equity vs after

Posted on 11/29/25 at 10:50 am to
Posted by Mo Jeaux
Member since Aug 2008
62259 posts
Posted on 11/29/25 at 10:50 am to
quote:

frick private equity.

It's a cancer


Why?
Posted by Lexis Dad
Member since Apr 2025
4797 posts
Posted on 11/29/25 at 11:03 am to
Do you really need examples?
Posted by Mo Jeaux
Member since Aug 2008
62259 posts
Posted on 11/29/25 at 11:06 am to
Do you characterize all industries based on a few examples that you happen to know of?
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
36367 posts
Posted on 11/29/25 at 11:23 am to
quote:

Do you characterize all industries based on a few examples that you happen to know of?


I’ve had negative experience with private equity in healthcare, food and beverage, and short term rentals.

They seems to do a decent job in manufacturing where widgets are made.

It’s your job dude, it ain’t going anywhere, but there’s no reason to knight for it. I don’t blame golfers who went to LIV, I would’ve taken the boat loads of cash too, but I’m also under no illusion the Saudi’s aren’t bad guys. It’s all good
Posted by Big Scrub TX
Member since Dec 2013
38292 posts
Posted on 11/29/25 at 11:29 am to
quote:


I’ve had negative experience with private equity in healthcare, food and beverage, and short term rentals.
Now do public equity.
Posted by Jake88
Member since Apr 2005
77804 posts
Posted on 11/29/25 at 11:38 am to
You dont have to wait 15 minutes at McDonalds and it doesn't give you diarrhea. Good lord, Sally.
Posted by LegendInMyMind
Member since Apr 2019
71309 posts
Posted on 11/29/25 at 11:39 am to
quote:

You joke but the price of eating out is starting to delve back into the range of luxury. Pretty soon people never eating food prepared by others will be the norm again.

Time will tell if that's a good or bad thing.

I don't know how a lot of places are surviving. The oversaturation of the restaurant market is real. I just looked at a 2.5 mile stretch of road not far from me that has more than 50 restaurants. I don't know an exact number because every time I zoomed in closer on Google maps more showed up. I had to settle for somewhere, and that netted 51 eating joints. It doesn't drop off much with the next mile of road that has ~15 places to eat.

People around here wonder why the turnover with restaurants is so high. Hell, you need an army of people just to keep the doors open.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
294597 posts
Posted on 11/29/25 at 11:40 am to
quote:



Amazing that this received so many downvotes. Apparently the OT is full of Mamdani supporters.


Look at how many just accept the validity of the OP with no questioning.

Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
19800 posts
Posted on 11/29/25 at 11:45 am to
quote:

You joke but the price of eating out is starting to delve back into the range of luxury. Pretty soon people never eating food prepared by others will be the norm again.



It’s almost like a Free Market Economy works. Restaurants were a rare luxury years ago. Entrepreneurs lowered prices to draw in more and more people. Once business was up, they raised prices and profits went up. Then people begin eating out less because prices are high. Soon profits will drop and they will streamline and lower prices. Capitalism at its finest. Damn socialist progressives don’t get it.

That’s like a semester of ECON 101 there. You are welcome. LoL.
This post was edited on 11/29/25 at 11:46 am
Posted by goldennugget
NIL Ruined College Sports
Member since Jul 2013
26008 posts
Posted on 11/29/25 at 11:49 am to
I work for a well known fast food brand. Our GPM has stayed within the exact same % since I started in April 2024, up until the past month when it has finally dipped below that range a tad. Costs keep going up.

If the company and franchisees were greedy the GPM wouldn't have stayed in the same range the past 18 months. Its too competitive of an industry.
Posted by TrapperJohn
Louisiana
Member since Dec 2007
12108 posts
Posted on 11/29/25 at 11:54 am to
quote:

Why ever buy any prepared food?


We’re definitely dining out less than we used to. Jokes aside, my wife’s sandwiches are waaaay better than a chain sandwich “restaurant “.
Posted by High C
viewing the fall....
Member since Nov 2012
59333 posts
Posted on 11/29/25 at 12:35 pm to
quote:

shope


Ahem, *shoppe
Posted by NorthTxLSU
Dallas to Austin to Houston
Member since Nov 2018
13962 posts
Posted on 11/29/25 at 12:37 pm to
I had the worst jersey mike’s sub I’ve ever had a couple weeks ago but figured it was just the location.

Barely any meat, bread was stale.

This makes a lot of sense looking back lol
Posted by bad93ex
Walnut Cove
Member since Sep 2018
33968 posts
Posted on 11/29/25 at 12:39 pm to
quote:

Jokes aside, my wife’s sandwiches are waaaay better than a chain sandwich “restaurant “


I make a dagwood sandwich daily and keep quality ingredients like beefsteak tomatoes, sandwich pickles, deli cheese and meats, Duke's mayo, sandwich lettuce and onions for my colossal sandwiches. The price per service is well below any sandwich shop and I think they're of superior quality as well.
Posted by georgia
445
Member since Jan 2007
9210 posts
Posted on 11/29/25 at 12:41 pm to
quote:

I can get a pound of decent lunch meat like Boars head for 12.99/lb and get a weeks worth of sandwiches for the same price of a meal at sandwich shope.


you getting the rest of the things for the sandwich for free?
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
36367 posts
Posted on 11/29/25 at 12:57 pm to
quote:

Now do public equity.


IPO and trying to scale too quickly have ruined many a business too. What’s your point?
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
70917 posts
Posted on 11/29/25 at 1:03 pm to
It is open rape and pillage of successful businesses.
Posted by Mo Jeaux
Member since Aug 2008
62259 posts
Posted on 11/29/25 at 1:06 pm to
quote:

It is open rape and pillage of successful businesses.


You people.
Posted by statman34
Member since Feb 2011
3582 posts
Posted on 11/29/25 at 1:59 pm to
Everything in the private equity world is driven by advancing profits at all costs. There are no limits to the depths to which they will go to hit a goal, firing long time employees or cutting meat in a sandwich. It doesn’t matter and it is pretty fricking awful.
Posted by littleavery1948
Member since Oct 2014
5435 posts
Posted on 11/29/25 at 4:44 pm to
PE isn’t inherently evil, but are a PITA to work for
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