Jimmy John’s sandwich chain sold to owners of Arby’s

A private equity firm has purchased a controlling interest in the Jimmy John’s sandwich chain. Photo from Jimmy John’s Facebook page

A private equity firm has purchased a controlling interest in the Jimmy John’s sandwich chain. Photo from Jimmy John’s Facebook page
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By Mark Fisher
Sept 9, 2016
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Atlanta-based private equity firm Roark Capital Group has acquired a majority stake in fast-growing Jimmy John's Sandwiches, which operates seven Dayton-area restaurants.

Roark Capital Group’s other investments or controlling stakes include brands such as Arby’s, Hardee’s, McAlister’s Deli and Schlotzky’s.

Terms of the deal were not disclosed. Jimmy John’s founder, Jimmy John Liautaud, will remain chairman of the sandwich chain, and James North will stay on as CEO.

Jimmy John's has been among the country's fastest-growing chains for the past decade due to its sandwich delivery model and speed of service, according to Nation's Restaurant News.

Liautaud founded the chain when he was 19 years old with a $25,000 loan from his father, NRN reported. Jimmy John’s now has more than 2,500 locations and $2 billion in system sales.

Jimmy John’s franchisees have opened more than 200 locations in each of the past five years, and are on track to open more than 1,000 units over the next several years, the industry web site reported.

Another Dayton-area Jimmy John's is in the works in Springboro, this news outlet reported in April.

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About the Author

Mark Fisher, a 1981 graduate of Ohio State University and a 1976 graduate of Beavercreek High School, is a third-generation Dayton-area resident who has worked for the Dayton Daily News since 1983. He covered higher education and K-12 education accountability issues for nearly 20 years before taking over the food and dining beat in 2006.