We went through a group of companies and went through the process to see who stood out and they stood out from the beginning, Sorensen said. When it comes to the franchising end of the business, it is not a matter of selling franchises; you are inviting people to join you who you believe will share your passion and commitment. Some local firehouses even donate old equipment so the patrons can get a little dose of the history of their local firehouse while theyre enjoying their meals. Restaurant Brands International has agreed to acquire Firehouse Subs, a Jacksonville, Florida-based restaurant brand, for $1 billion in cash. Sign up for free newsletters and get more CNBC delivered to your inbox. 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The business was sold in 2021 following almost 30 years of expansion into a franchise. Here is a little known fun fact about Firehouse Subs. window.location.href = `/opt-in-check?pub_referrer=${encodeURIComponent(url)}`; return _regex.test(_qs); (function(){ Their parents set up a television business in the 1960s. You can collect every chapter and verse about the Firehouse Survey from this article. } else { For RBI, BofA Securities Inc. and J.P. Morgan Securities LLC were financial advisers and Paul, Weiss, Rifkind, Wharton & Garrison were legal advisers. So when they co-founded Firehouse Subs in 1994, their vision involved providing better service and a better restaurant experience for their customers. For your business to succeed, accepting decline cannot be an option. .filter(categoryPreference => !categoryPreference.includes('0_') && categoryPreference.includes(':0')) From the outset, customer traffic was higher than we anticipated, and we struggled through several weeks of not having enough equipment capacity to handle the flow of customers in a timely fashion. They did it the right way which was slow and steady. The chain offers a wide range of hot and cold options like the New York Steamer and Spicy Cajun Chicken fabricated with high-quality Boar's Head meats. const EEA_REGION_COUNTRY_CODES = ['AT', 'BE', 'BG', 'HR', 'CY', 'CZ', 'DK', 'EE', 'FI', 'FR', 'DE', 'GR', 'HU', 'IS', 'IE', 'IT', 'LV', 'LI', 'LT', 'LU', 'MT', 'NL', 'NO', 'PL', 'PT', 'RO', 'SK', 'SI', 'ES', 'SE', 'CH', 'TR', 'GB']; Thats with 1,206 restaurants in 46 states, Puerto Rico and Canada. The American sandwich makers have a very special theme going on and their story is well worth hearing. By Monica Watrous. And that's tough. } Fox, Robin Sorensen and Cil led the morning announcement Nov. 15 at the Firehouse Subs headquarters in Flagler Center in South Jacksonville. Sorensen said there is no one lesson he can offer to other entrepreneurs. script.setAttribute("async", true); Not only that, he noted: Most founders are gone way before 1,200 restaurants.. if (typeof(window._mpspixZ) != 'string') { d.setTime(d.getTime() + 60 * 60 * 24 * 30 * 1000); They say it's important to be humble in these situations, and to gain expertise from the people who have succeeded where you want to succeed. It will only get stronger because of our commitment to resources, he said. mps._queue.adview = mps._queue.adview || []; Surrounding yourself with people at all levels who strive for perfection and are given the resources to achieve itthat is the ultimate key to success. } High Wire Networks. University of Wisconsin-Oshkosh. Sorensen said Firehouse has banked with TD Bank since the financial organization came to Jacksonville when it bought Mercantile Bank in 2010. Firehouse Subs is a U.S.-based, fast casual restaurant chain founded in 1994 in Jacksonville, Florida by former firefighter brothers Chris Sorensen and Robin Sorensen. 'cag[attribution_source]' : 'CNBC US Source' , const ONE_TRUST_COOKIE_NAME = 'OptanonConsent'; In 1994, they opened the first Firehouse Subs eatery in Jacksonville, Florida. That work ethic carried on into adulthood. var slotid = "mps-getad-" + adunit.replace(/\W/g, ""); We want to find where somebody or some group is underserved.. Both joined the fire department, but Robin quit because he liked to cook. The siblings ultimately joined the two ideas and opened their first restaurant, Firehouse Subs, in 1994. In 1994, brothers Robin and Chris Sorensen, former Jacksonville firefighters, were in the process of opening their first Firehouse Subs . mps._log('**** LOADED: cnbc-cms-header-insert'); Passion came first and the money came second for the brothers. The business goes over and above in their charity efforts to help first responders and their local communities. We needed our CEO Don Fox to believe in it and be the biggest cheerleader, Sorensen said. In 1994, they opened the first Firehouse Subs eatery in Jacksonville, Florida. Firehouse Subs has been. He said staff came to headquarters. Those included keeping the local employees, retaining the Jacksonville headquarters and carrying on the mission of the nonprofit Firehouse Subs Public Safety Foundation to support public safety organizations. } This is their formula for success and the proof is in the sandwich so to speak. We met with a lot of good companies, but not everyone was necessarily aligned, Sorensen said. Tasty.) Firehouse Subs was the dream of firefighter brothers Robin and Chris Sorensen. As Firehouse grew, the Sorensens hired veteran restaurant operator Don Fox in 2003, promoting him to COO in 2005 and CEO in 2009.
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