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Jimmy John's
Jimmy John's is an American sandwich chain headquartered in Champaign, Illinois. The business was founded by Jimmy John Liautaud in 1983. After Liautaud graduated from high school, his father gave him a choice to either join the military or start a business. Liautaud, choosing the latter, initially decided to start a hot dog business, but changed to opening a sandwich business due to costs. The Jimmy John's Franchising, franchise has over 2700 locations, with 98% of them being franchises. in 2016, Roark Capital Group purchased a majority stake in the company. Later, in 2019, Inspire Brands purchased the company from Roark Capital Group for an unspecified amount. History After Jimmy John Liautaud graduated second to last in his class at Elgin Academy (Elgin, Illinois), Elgin Academy in 1982, his father gave him a choice to either join the United States Army, Army or start a business. Although his father wanted him to enlist, the younger Liautaud chose the latter, and his f ...
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Omaha, Nebraska
Omaha ( ) is the largest city in the U.S. state of Nebraska and the county seat of Douglas County. Omaha is in the Midwestern United States on the Missouri River, about north of the mouth of the Platte River. The nation's 39th-largest city, Omaha's 2020 census population was 486,051. Omaha is the anchor of the eight-county, bi-state Omaha-Council Bluffs metropolitan area. The Omaha Metropolitan Area is the 58th-largest in the United States, with a population of 967,604. The Omaha-Council Bluffs-Fremont, NE-IA Combined Statistical Area (CSA) totaled 1,004,771, according to 2020 estimates. Approximately 1.5 million people reside within the Greater Omaha area, within a radius of Downtown Omaha. It is ranked as a global city by the Globalization and World Cities Research Network, which in 2020 gave it "sufficiency" status. Omaha's pioneer period began in 1854, when the city was founded by speculators from neighboring Council Bluffs, Iowa. The city was founded along th ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Weston Presidio
Weston Presidio is an American private equity firm focused on growth capital investments in late-stage companies across a range of industries with a specific focus on the consumer products, business services, industrial, media, publishing, healthcare and technology sectors. The firm, which is based in Boston, Massachusetts, has offices in San Francisco and Menlo Park, California. Weston Presidio was founded in 1991 by Michael Cronin, who had previously run the Boston office of Security Pacific Venture Capital Group, and Michael Lazarus who had previously been managing director of the Private Placement Department of Montgomery Securities. The firm has raised approximately $3.21 billion since inception across five funds. Weston Presidio's fifth fund was raised in 2005 with approximately $1 billion of investor commitments and has been focused primarily on investments in more mature companies. Through the years, Weston Presidio has shifted its focus from earlier stage venture ca ...
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Franchise Times
''Franchise Times'' is an American business publication covering franchising in the United States. The magazines has reports on franchising trends and legal issues, franchisor and franchisee success stories, family business matters, and interviews with celebrities who are involved in franchising History ''Franchise Times'' was created by Crain Communications in 1994 under the title ''Franchise Buyer''. The name was changed in 1996 to ''Franchise Times''. In September 1998, John Hamburger, owner of Franchise Times Corp purchased the rights to the ''Franchise Times'' trademark, subscription and advertiser lists, copyright, web domain name, and back issues. He saw restaurant chains were moving into the franchise arena and wanted to expand his restaurant coverage to that growing trend. Hamburger also purchased ''Continental Franchise Review'' (''CFR'') in 1998. A newsletter that covered franchise developments, Hamburger combined it with ''Franchise Times.''. He hired the former ...
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Beaverton, Oregon
Beaverton is a city in Washington County, in the U.S. state of Oregon with a small portion bordering Portland in the Tualatin Valley. The city is among the main cities that make up the Portland metropolitan area. Its population was 97,494 at the 2020 census, making it the second-largest city in the county and the seventh-largest city in Oregon. Beaverton is an economic center for Washington County along with neighboring Hillsboro. It is home to the world headquarters of Nike, Inc., although it sits outside of city limits on unincorporated county land. The hunter–gatherer Atfalati tribe of the Kalapuya people inhabited the Tualatin Valley prior to the arrival of European–American settlers in the 19th century. They occupied a village near the Beaverton and Fanno creeks called Chakeipi, which meant "place of the beaver", and early white settlers referred to this village as Beaverdam. Lawrence Hall took up the first land claim in 1847 and established a grist mill. The entry o ...
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Seattle, Washington
Seattle ( ) is a port, seaport city on the West Coast of the United States. It is the county seat, seat of King County, Washington, King County, Washington (state), Washington. With a 2020 population of 737,015, it is the largest city in both the U.S. state, state of Washington and the Pacific Northwest region of North America. The Seattle metropolitan area's population is 4.02 million, making it the List of metropolitan statistical areas, 15th-largest in the United States. Its growth rate of 21.1% between 2010 and 2020 makes it one of the nation's fastest-growing large cities. Seattle is situated on an isthmus between Puget Sound (an inlet of the Pacific Ocean) and Lake Washington. It is the northernmost major city in the United States, located about south of the Canada–United States border, Canadian border. A major gateway for trade with East Asia, Seattle is the fourth-largest port in North America in terms of container handling . The Seattle area was inhabited by Nat ...
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Eau Claire, Wisconsin
Eau Claire (; ) (French for "clear water") is a city mostly located in Eau Claire County, Wisconsin, of which it is the county seat, and with a small portion in Chippewa County, Wisconsin. It had a population of 69,421 in 2020, making it the state's eighth-largest city. Eau Claire is the principal city of the Eau Claire, Wisconsin Metropolitan Statistical Area, locally known as the Chippewa Valley, and is also part of the larger Eau Claire-Menomonie Combined Statistical Area. Eau Claire is at the confluence of the Eau Claire and Chippewa Rivers on traditional Ojibwe, Dakota, and Ho-Chunk land. The area's first permanent European American settlers arrived in 1845, and Eau Claire was incorporated as a city in 1872. The city's early growth came from its extensive logging and timber industries. After Eau Claire's lumber industry declined in the early 20th century, the city's economy diversified to encompass manufacturing and Eau Claire became an educational center with the opening ...
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Ad Age
''Ad Age'' (known as ''Advertising Age'' until 2017) is a global media brand that publishes news, analysis, and data on marketing and media. Its namesake magazine was started as a broadsheet newspaper in Chicago in 1930. ''Ad Age'' appears in multiple formats, including its website, daily email newsletters, social channels, events and a bimonthly print magazine. ''Ad Age'' is based in New York City. Its parent company, the Detroit-based Crain Communications, is a privately held publishing company with more than 30 magazines, including ''Autoweek'', ''Crain's New York Business'', ''Crain's Chicago Business'', ''Crain's Detroit Business'', and ''Automotive News''. History ''Advertising Age'' launched as a broadsheet newspaper in Chicago in 1930. Its first editor was Sid Bernstein. The site AdCritic.com was acquired by The Ad Age Group in March 2002. An industry trade magazine, ''BtoB'', was folded into ''Advertising Age'' in January 2014. In 2017, the magazine shortened its na ...
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Franchising
Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to a franchisee. In return, the franchisee pays certain fees and agrees to comply with certain obligations, typically set out in a franchise agreement. The word ''franchise'' is of Anglo-French derivation—from , meaning 'free'—and is used both as a noun and as a (transitive) verb. For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or "chain stores". Adopting a franchise system business growth strategy for the sale and distribution of goods and services minimizes the franchisor's capital investment and liability risk. Franchising is rarely an equal partnership, especially in ...
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Lone Star Steakhouse & Saloon
Lone Star Steakhouse & Saloon was an American casual dining restaurant chain with a single independently owned and operated franchise still in business in 2021 on the island of Guam. The chain served steak, seafood, salad, and similar food items. Lone Star opened its first restaurant in 1989 in Winston-Salem, North Carolina. In March 1992, Lone Star became a public company with eight restaurants opened. At its maximum, 267 Lone Star Steakhouses were in operation. The company filed for Chapter 7 bankruptcy on September 7, 2017. By August 2019, the then operating company website advertised four locations, all of which are independently confirmed closed. Also , one remaining independently owned and operated location of this restaurant still exists in Tamuning, Guam. On October 6, 2019, the second-to-last location in Knightdale, North Carolina officially closed, which was the last Lone Star location in the continental United States. The location became a Saltgrass Steakhouse. His ...
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Pizza Hut
Pizza Hut is an American multinational restaurant chain and international franchise founded in 1958 in Wichita, Kansas by Dan and Frank Carney. They serve their signature pan pizza and other dishes including pasta, breadsticks and dessert at dine-in, take-out and delivery chain locations. They also serve chicken wings on their WingStreet menu. The chain headquartered in Plano, Texas, operates 17,639 restaurants worldwide as of 2020, making it the world's largest pizza chain by number of locations. It is owned by Yum! Brands, Inc., one of the world's largest restaurant companies. History Pizza Hut began on May 31, 1958, by two brothers, Dan and Frank Carney, both Wichita State students, as a single location in Wichita, Kansas. The now famous little brick building was close to their childhood home and stomping grounds. The Carney brothers grew up in the College Hill neighborhood amongst many life long Wichita families where tree-lined streets were filled with historical home ...
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Macomb, Illinois
Macomb is a city in and the county seat of McDonough County, Illinois, United States. It is situated in western Illinois, southwest of Galesburg. The city is about southwest of Peoria and south of the Quad Cities. A special census held in 2014 placed the city's population at 21,516. Macomb is the home of Western Illinois University. History Origin First settled in 1829 on a site tentatively named Washington, the town was officially founded in 1830 as the county seat of McDonough County and given the name Macomb after General Alexander Macomb, a general in the War of 1812. War veterans were given land grants in the Macomb area, which was part of the "Military Tract" set aside by Congress. In 1855 the Northern Cross Railroad, a predecessor to the Chicago, Burlington and Quincy Railroad, was constructed through Macomb, leading to a rise in the town's population. In 1899 the Western Illinois State Normal School, later Western Illinois University, was founded in Macomb. Repr ...
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