The Ledger
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Liautaud: 100% of Political Attacks Originated From Democratic-Aligned Groups
“I learned that every attack and every, every single one came from democratic supported parties, different, different, different, different groups. But it was a hundred percent. Liberal and Democrat people, Soros type stuff.”
Liautaud Used a Written Test to Screen Applicants for Stealing
“I had a written test. That would, that was a that you would fill out, and I would grade the test, and if they scored a certain way, it said the chances of this person stealing from you know, is pretty good or not, and it was like a Myers-Briggs, but it was for…”
Liautaud: Jimmy John's stores cost $350K to open, averaged $200K profit
“It was 350,000 open a store. The stores did about 900,000 in sales and the average store made about 200,000 dollars of profit.”
Liautaud: Labor Litigation Halted Jimmy John's Business Momentum for Seven Years
“As soon as we got to the real courts, we won it on a summary judgment, but that stopped momentum for like seven years.”
Liautaud: Fourteen Sandwich Makers Became Millionaire Department Heads
“14 of 17 department heads at Jimmy John's that became millionaires when I sold through stock, they were all came from the sandwich shop, Joe.”
Liautaud Sold Jimmy John's Due to Exhaustion From Political Battles
“And honestly, I just, I sold my business because Joe, I couldn't do, I just was done. I had enough money. I had everything I wanted, but I just couldn't do it anymore.”
Liautaud: Jimmy John's managers made $80K-$120K with 25% profit share
“We paid the managers a base pay of like, 36 to 42 grand base pay salary, depending on where they were, and we gave them 25% of the profit of the store, so the managers made a lot of money, and they made 80 to 120,000 bucks a year”
Liautaud: 70 of Jimmy John's first 200 franchise stores were failing in 2003
“From 93 to oh three, I took my 10 stores to 25, and took the franchise from zero to 200. And that, and this is a story, oh three, I got 200 stores open and 70 are failing.”
Liautaud Sold His Remaining Jimmy John's Stake to Inspire Brands in 2019
“I sold I sold two thirds of the business in 2016. And in 2019, I rolled my retaining 33%, whatever it was, into Inspire Brands, which is Jimmy John's, Dunkin' Donuts, Buffalo Wild Wings, Sonic, and Arby's.”
Liautaud Launched Jimmy John's in a Converted Garage With $25,000
“It was a two-door garage that had been converted into a pizza joint that had failed, and I rented it, and it was at Eastern Illinois University, and I had a couple cousins and a brother that was going, that were two cousins there, brother was going there, and …”
Liautaud: Switched from Hot Dogs to Sandwiches Due to Equipment Costs
“Well, my father gave me a budget of 25,000 dollars and I wanted to open a Chicago hot dog stand. And when I found out how much equipment it took to open a hot dog stand with fryers and steam tables and milkshake machines and ovens and hoods and all that, I did…”