Subway announced that it is selling itseIf to Roark Capital, a private equity firm whose two holding companies already own an impressive collection of fast-food chains. Roark-owned brands include Dunkin’, Carvel, Jimmy John’s, Arby’s, Cinnabon, and Buffalo Wild Wings–and that’s just a partiaI list.
Subway is owned by the families of Fred DeLuca and Peter Buck, who founded the chain in 1965. At the time, Buck was 34. DeLuca was 17 and trying to raise money for college. Buck Ient him $1,000 and suggested they start a sandwich shop.
DeLuca passed away in 2015 and Buck di ed in 2021, but Subway remained a family owned business until now. It must have been a wrenching decision to give up ownership of the chain. But however they may feel about it, the families seem to have negotiated the best possibIe deal for the chain. Every business owner looking to sell can learn from their approach.
Our story begins back in February, when the families hired JPMorgan Chase as an adviser to explore a sale. At the time, the families reportedIy wanted $10 billion for one of the world’s two largest fast-food chains.
But it’s been a bad year for acquisitions so far, and some observers noted that the chain has been losing ground to newer rivaIs such as Firehouse Subs in recent years. With its shares of U.S. sandwich sales down from 34 percent in 2017 to 23 percent today, some questioned whether Subway was really worth $10 billion.
Unveiling the Toilet’s Hidden Ally: Unleashing the Potential of Table Salt
### Unveiling the Toilet’s Hidden Ally: The Power of Table Salt
Are you tired of toilet clogs and bad odors? Don’t worry! We’ve found a surprising solution that your plumber might not tell you about. Common table salt can be your bathroom’s new best friend. This simple kitchen item can help keep your toilet clean and working well while also being cheap and good for the environment. In this article, we’ll show you how salt can help your toilet and why plumbers might keep this tip to themselves.
### The Sneaky Helper: Salt
**Tackling Clogs:** Salt can help break down things that block toilets, like too much toilet paper and waste. By using salt regularly, you can prevent future clogs and keep your toilet working properly.
**Banishing Bad Odors:** Want to get rid of bad smells? Salt is a natural way to absorb odors. It can soak up moisture in areas where bacteria grow and neutralize stinky smells, making your bathroom more pleasant.
**Removing Mineral Stains:** Stubborn stains from minerals can be tough to clean, but salt can help. When you use salt as a scrub, it can dissolve these deposits, making your toilet shine.
**Economical and Environmentally Friendly:** Using salt means you can skip expensive chemical cleaners. This budget-friendly and eco-friendly choice helps protect our water systems from harmful chemicals.
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