He'd lend me $25,000 to start a business, but if it didn't make a profit in the first year, I'd do a stint in the Army. My father made a deal with me. I continue to learn from Jimmy as the company grows." [55], Forbes list of the world's wealthiest people, Ernst & Young Food & Beverage Entrepreneur of the Year, Horatio Alger Association of Distinguished Americans, "Jimmy John's Founder Abandons IPO, Saying He's Not a Wall Street Guy", "200-foot super yacht 'Rock.It' visits Gore Bay", "Father of Jimmy John's owner dies, helped found business", "Troublesome Student Makes Good, and Honors Disciplinarian", "Jimmy John's founder opens up on expansion, big game hunting, possible IPO", "Sub Shop Owner Jimmy John Weighs IPO but Isn't Sure He Has the Stomach for It", "Roark Capital Buys Majority Stake in Jimmy John's", "Arby's owner buys Jimmy John's majority stake", "Inspire completes purchase of Jimmy John's", "Liautauds pledge $1 million to new Champaign County Y", "Jimmy John's to donate $1 million to Owasso-based Folds of Honor", "Brewster Academy Opens Toad Hall Following Gift from Leslie and Jimmy John Liautaud", "Zac Brown's Camp Southern Ground Receives $2.2 Million Donation From Jimmy John's Owner, Jimmy John Liautaud", "Sandwich Chain Billionaire Jimmy John Liautaud and His Family Get More Strategic About Their Giving", "Liautaud Family Gives $5 Million to Establish UIC Graduate Business School", "Youth Guidance Expands Becoming A Man Program To Reach 4,000 At-Risk Chicago Males", "Liautaud donates $300,000 to benefit Frances Nelson", "Jimmy John's owner gives $150,000 to Illinois trail project", "Jimmy John Liautaud & the Liautaud Family Foundation", "Youth Assessment Center to settle on new site by spring", "Students, staff are 'totally pumped' about planned projects", "$80,000 in layaways paid by generous donation", "Jimmy John Liautaud and Leslie Liautaud: Donor Grants", "2015 Chicago Area Entrepreneurship Hall of Fame Inductees", "JIMMY JOHN LIAUTAUD, Founder, chairman and CEO Jimmy John's Gourmet Sandwich Shops", "Illinois Entrepreneurs Named Ernst & Young Entrepreneur Of The Year® 2004 Award Winners", "Meet the 2012 Golden Chain Award winners", "Jimmy John's founder hailed as king of the dealmakers", "Owner, Founder & Chairman of Jimmy John's Gourmet Sandwiches, Jimmy John Liautaud, to Receive 2018 Horatio Alger Award", "Jimmy John Liautaud part of Horatio Alger Association's Class of 2018", "Sandwich mogul 'Jimmy John' shares advice with Northwood students", "Growth, Scaling, and Life Lessons from Jimmy John Liautaud, Founder, Owner & Chairman of Jimmy John's | Inside Kellogg", "Jimmy John brings his story of sandwich franchise success to Notre Dame - Notre Dame Business", "Jimmy John Liautaud Shares His Story with EMBA Students in Miami", "Start and Grow Your Business: Guest Speaker Jimmy John Liautaud", "Jimmy John's Faces Boycott Call Over Founder's Trophy Hunting", "Chambana Mom to Know: Leslie Liautaud Chambana Mom to Know: Leslie Liautaud", "How Jimmy John's landed FT's deal of the year", "As generations age, farm owners less connected to their land", "Jimmy John's $100 million yacht visits Ogdensburg", "Finalists announced for the ShowBoats Design Awards 2016", "Rock.It — the hip, modern Feadship yacht with a touch of class", "From sandwiches to superyachts: Inside Jimmy John's 197' Feadship", "Here Are The Billionaires Backing Donald Trump's Campaign", Jimmy John's story by founder Jimmy John Liautaud, https://en.wikipedia.org/w/index.php?title=Jimmy_John_Liautaud&oldid=992016969, Articles lacking reliable references from June 2016, Creative Commons Attribution-ShareAlike License, This page was last edited on 3 December 2020, at 01:19. At the time, Coulter was a Pizza Hut Franchisee, and later founded and ran Lone Star Steakhouse and Saloon and other chains. The stores are a launching pad for people who want to change their lives. He began by bringing samples door-to-door to the nearby Eastern Illinois University dorms. [11][12], In his 2018 book, Dick Portillo of Portillo's Restaurants called Liautaud his "good friend" and relayed that Liautaud tried to buy Portillo's before it was ultimately sold to Berkshire Partners. I went to the used restaurant equipment district on West Madison Street in Chicago to buy my equipment. "When his academic world was sputtering, Jimmy came to my office in need of direction and purpose. [20], In January 2019, Camp Southern Ground, a non-profit summer camp founded by musician Zac Brown, announced that the Liautauds had donated over $3.2 million to date to help build the camp's first residential lodge and fund ongoing operations. So, when I saw that the founder and Chairman of Jimmy Johns was coming to campus, I signed up immediately. Saved by Jimmy John's. Jimmy John Liautaud is the founder of Jimmy John’s, a sandwich chain that prides itself on “Freaky Fresh” ingredients and “Freaky Fast” service. Even though James is no longer at the helm of Jimmy John’s, he’s still busting his tail every day. In October 2018, Liautaud was included in the Forbes list of the world's wealthiest people.At this time, Forbes estimated Liautaud's documented wealth at $1.7 billion. I worked 7 days a week, about 15 hours a day, and my salary was $200 per week, which equated to about 2 bucks an hour. Boom! I split it with my dad. The culture is so deep that it has become a very attractive place to work, to grow, and to win in life. It makes me feel good that I developed a system where people can grow, develop valuable skills and learn to lead. My budget was $25K so that was out of the question. In January 1983, he opened his first store. [7] By the end of his first year, the restaurant started making a profit. Jimmy John got born in the year 1964 on January 12th. He was born the second of four siblings, with brothers Greg and Robby Liautaud and a sister Lara Liautaud Berry. Jimmy John's founder speaks out after call with Trump, business leaders on reopening economy April 16, 2020, 6:32 AM Jimmy John Liautaud discusses the White House's strategy to get America back to work amid COVID-19. A Brief History of Jimmy John Liautaud, The Founder of Jimmy John’s by Kathleen August 22, 2020 Jimmy John is the former owner and founder of the Jimmy John’s sandwich chain. In 1988, Liautaud met businessman Jamie Coulter. "Jimmy and I made it work! After Liautaud graduated from high school in 1982, his father offered him a loan of $25,000 to open a business on the condition that when the business failed, he would enlist in the US Army. https://www.dailyherald.com/article/20151102/business/151109802 Through a rigorous process, we reset expectations for existing Jimmy John's franchisees. Jimmy John's is a for-profit company. [8], In September 2016, Roark Capital Group agreed to purchase a majority stake in Liautaud's company, as Weston Presidio sold their minority investment after 10 years. I continue to learn from Jimmy as the company grows.". I'll never get that out of my mind. It's about the pursuit of awesome, it's about helping people help themselves; it's about transparency. [46], Liautaud is married to Leslie Liautaud and has three children, Spencer, Lucy, and Fred. Both of my brothers served in the Army as well. [2][8] Due to the poor location of his first store, Liautaud decided to include delivery of his sandwiches to boost sales. We believed and trusted each other from the start! If you get past that, it's one of the most rewarding lifestyles. At this time, Forbes estimated Liautaud's documented wealth at $1.7 billion. Jimmy John's Owner Jimmy John Liautaud. In May of 1986, I bought out my dad to become Jimmy John's sole proprietor. He proves that a person can have nice things and still desire to move forward in life. [44][45], Liautaud is an avid hunter and fisherman. Ten years, ten stores, and no debt! Jimmy John founded Jimmy John’s in 1983, and had been active in philanthropy prior to starting the foundation with his family. From there I bought deli meats and I started working on a menu. As our confidence and mutual trust broadened, I noticed in front of me, a gentle giant with an equally big heart. Sign at Jimmy John's. [5][4] He attended high school at Elgin Academy, a private prep school in Elgin, Illinois, where he became close with and was influenced by the dean, James Lyons. [3][4] His father is James Liautaud, longtime entrepreneur, and his mother is Gina Gudaityte Liautaud. His father was a renowned entrepreneur. My dad was my partner, he owned 48% and I owned 52% of the company. I learned systems, procedures and discipline from Jimmy. I have never made a business plan and I never intended for Jimmy John’s to be as big as it is today. According to Liautaud, he used to hunt big game in Africa on legally organized safaris, but he no longer does. Everyday transactions take place by choice, and both sides win. I had two cousins at Eastern Illinois University in Charleston, Illinois, so I chose to look there for my first location. As the founder of Jimmy John’s, Jimmy has been recognized for his professional and personal successes. I like that. Naturally, my dad wanted me to enlist after high school, but I really wanted to open a business. [7] Starting in 2015, his hunting prompted people to call for a boycott of his business. [2], In October 2018, Liautaud was included in the Forbes list of the world's wealthiest people. Today, much of the head office team is comprised of former Sandwich Makers, Delivery Drivers, Store Managers, or Guerilla Marketers. In 1994 he sold his first Jimmy John's franchise, in addition to the 10 stores owned by Liautaud himself. After graduating second to last in his high school class, Liautaud knew college was not for him. From there I switched to sandwiches, and never looked back. If you are interested in becoming a Jimmy John’s franchisee, we'd love to have you visit us to see if we are a fit. The Liautauds have supported other local projects such as the Champaign Parks Foundation and the Kickapoo Rail Trail. Jimmy John's Founder at High School Graduation "When his academic world was sputtering, Jimmy came to my office in need of direction and purpose. Weston Presidio bought a 33% stake in the company, and during the first year closed on over 100 real estate deals. [22][24], Other causes supported by the Liautauds include: the Frances Nelson Smile Healthy Dental Clinic,[25] the Kickapoo Rail Trail,[26] Crisis Nursery in Urbana, Illinois,[27] Champaign County's Youth Assessment Center,[28] Champaign Unit 4 schools,[29] Christmas layaway purchases,[30] the American Heart Association, the Mayo Clinic Center for Individualized Medicine, MD Anderson, the Pancreatic Cancer Action Network, the Lurie Children's Hospital of Chicago, the Goodman Theater, and the Detroit Symphony. James John Liautaud (born January 12, 1964) is the founder and former chairman of Jimmy John's sandwich chain. [16], In 2008, Liautaud donated $1 million to his high school, Elgin Academy, on the condition that the building constructed using his donation bear not only his name, but also the name of the man who had been the dean of the school when Liautaud attended: James Lyons. The Horatio Alger Association of Distinguished Americans recognizes people who have overcome personal challenges to achieve personal and professional success. We met with each Jimmy John’s franchisee; we worked alongside them, re-trained them on our brand standards and pulled them up one at a time. I worked late nights and weekends and took the toughest jobs for myself. He did study in Elgin Academy, which was a private school that was located in Elgin, Illinois. [32], In 2003, he was named to Chicago's “40 Under 40” by Crain's Chicago Business. [14] At the close of the deal, Liautaud said that he will step down as chairman of the company and transition to become an adviser to the brand. As our confidence and mutual trust broadened, I noticed in front of me, a gentle giant with an equally big heart. The business continued to grow, and he was able to open his second and third shops in 1986 and 1987. [15] The acquisition was completed on October 18. [6], In 2011, Liautaud and his wife pledged $1 million toward the construction of the new Champaign County YMCA. His birthplace was in Illinois. The ship, which can accommodate ten guests with a crew of 13,[50] has been a finalist for a few yacht awards[51][52] and been featured in a number of industry publications. -- Bryan Skowronek, Former employee, who is now a franchisee with 16 stores open and 6 more on the way. He worked open to close to make the business succeed, and succeed it has. I graduated second to last in my high school class, so my options for college were slim to none. It was so clear to me that if Jimmy channeled his tremendous energy and allowed his instincts to triumph over others' judgments, his achievement would be significant. Jimmy John Liautaud founded his eponymous sandwich chain at age 19 with a $25,000 loan from his father. [38][39], Liautaud has spoken at high schools;[40] colleges and universities;[41][42][43] and community spaces. I love the JJ brand and the culture. In 1983, at 19 years old, Jimmy John Liautaud founded a small sandwich shop in Charleston, Illinois. Other Versions Jimmy John’s Owner Hunts Endangered Animals For Sport Analysis: Few pictures circulating online since years claim to show that the owner of Jimmy John’s Gourmet Sandwiches is a Big Game Hunter, allegedly showing Jimmy John Liautaud with hunted dead Bear, Elephants, Rhinoceros and a Leopard. Coulter helped Liautaud take his business to the next level. It's not easy, but it's real, it's what we love, and it's what we know. [35], In 2007, Liautaud delivered the commencement speech at his alma mater, now known as the Liautaud-Lyons Upper School, a program of Elgin Academy. [34] In the same year, he was given the Lifetime Achievement Award at the National CEO Conference and inducted into the Collegiate Entrepreneurs' Organization Hall of Fame. Since then, he's earned famous fans like Drew Brees and Mitt Romney -- and made a friend in Guy Fieri. The second year, we did $188,000 in sales and made $50,000 profit. Jimmy John's founder and CEO Jimmy John Liautaud is under fire after photos of him allegedly posing with dead elephants, a rhinoceros, and a leopard appeared on the internet. I graduated from Elgin Academy High School in June of 1982. By following his instincts, he has found his niche of catering to and helping others." I was rolling! It's not for everyone. Of the 70 stores we visited, 63 stores improved, and 7 stores closed. Jimmy John’s President was a Sandwich Maker in 2000 and today he runs this giant company. With the help of his family as tasters, he decided to put four sandwiches on his original menu. I had to learn to bake bread, so I checked out books from the library. At the end of his second year, Liautaud was able to purchase his father's share in the business and he became sole owner. He launched the business in 1983 using a $25,000 loan from his father, an army veteran. Terms of the transaction were not immediately disclosed, though it was later clarified that Liautaud retained 35% ownership of the company as part of the deal. James John Liautaud (born January 12, 1964) is the founder and former chairman of Jimmy John's sandwich chain.. He was the third-born. The story of Jimmy John’s begins back in 1982 with a young man finding his way in the world, but don’t take our word for it - get it directly from Jimmy John’s Founder Jimmy John Liautaud! By 1994 I had 10 sub shops, I was doing my own accounting, I paid for everything C.O.D., and I had no debt. I found a site, it was a two-car garage that had been remodeled into a pizza joint, but it had closed down. [22], Liautaud partnered with his father to create with an endowment gift of $5 million, the Liautaud Graduate School of Business at the University of Illinois-Chicago. [19] In May 2018, the new residence opened, and is called "Toad Hall" after a common mispronunciation of the family's last name. [8] After a chance encounter at a sandwich shop, Jimmy John realized that he could open a sandwich shop within his available budget by purchasing premium meats at a neighborhood market and baking his own bread. As Jimmy John’s started to see tremendous growth in 2003, Jimmy was recognized by Crain’s Chicago Business as one of Chicago’s “40 Under 40.” [18], In 2017, Liautaud and his wife, Leslie, donated $2 million to help Brewster Academy kick off the fundraising for their new residence hall to house 22 students and 4 faculty residences. [49], Liautaud also owns a superyacht named ROCK.IT, a 198-foot ship built with his input by Feadship in 2014. [53][54], Leslie Liautaud, wife of Jimmy John Liautaud, is a supporter of President Donald Trump. By 2002, Jimmy John's had grown to 160 locations, with many operated by dedicated Jimmy John’s franchisees, but we also had many franchise stores that were struggling. ", -- Jim Lyons, Elgin Academy Dean for Students, "Jimmy and I made it work! [17], In July 2014, Liautaud donated $1 million to the Folds of Honor Foundation, an organization that supports the spouses and children of America's fallen and disabled service-members. [48] He also owns thousands of acres of farmland in Central Illinois. Jimmy John's founder delivers new car to Nebraska driver who took vet to hospital Julie Anderson ... Live Fearless is to live a life free of worry about what may lie ahead. ", -- James North, Jimmy John’s Brand President, "I started at JJ's as a franchise consultant in 2007 and I now own 16 stores of my own. To improve the strength of the Jimmy John's brand, we stopped selling franchises for one year to focus on turning around struggling stores. [6] Although his father wanted him to enlist, he agreed to loan the money in exchange for a 48% stake in the business. Way less equipment than the hot dog stand required. Jimmy John Liautaud founded JJ's at the age of 19. Jimmy Johns had 160 stores by 2002, however something surprising was occurring: 70 of the locations were failing or falling behind. When I walked in, I saw a refrigerator, a meat slicer, and a cash register. I installed a stereo system, played loud great music, and created a very cool work environment. [1], Liautaud was born in Arlington Heights, Illinois on January 12, 1964. Jimmy John Liautaud is the owner and founder of Jimmy John's Sandwiches, who opened the doors to his first sub shop in Charleston, IL on January 13, 1983. [22][31], Liautaud is a member of the University of Illinois at Chicago's Chicago Area Entrepreneurship Hall of Fame. I found out that I needed about $45K to open a hot dog stand. Will never buy a Jimmy Johns. We believed and trusted each other from the start! On January 13, 1983 Jimmy John's Gourmet Sandwiches opened in Charleston, Illinois. I opened in January 1983. 44. Winning rocks! She donated $446,500 to the Trump 2016 campaign and at least $100,000 in the 2020 election cycle. His mother’s name is Gina Liautaud. Perfect! [10] As part of the agreement, Liautaud, as the company's founder and largest individual shareholder, continued as chairman of the board. https://www.thefamouspeople.com/profiles/jimmy-john-liautaud-34222.php [8][9], By 2002, the company had about 200 stores, 10% of which were corporate stores that Liautaud oversaw himself. I love the JJ brand and the culture. I learned early that this business is not sexy, its hard work, its long hours, and it can be brutal. His father is James Liautaud. -- James North, Jimmy John’s Brand President. The ones we couldn't pull up made their way out." My real love was Chicago street food, specifically Chicago-style hot dogs, like Portillo's serves. Jimmy Johns John Wall True Quotes True Sayings Middle School Classroom Successful People Classroom Organization Verses Wisdom. I got a $1 million life insurance policy before having a family. In non-summer months, the camp's facilities are used to support military veterans and their families transitioning back to civilian life. Initially Jimmy John wanted to open a hot dog stand, but after visiting numerous such stands throughout the summer of 1982, he realized the $25,000 would not be enough for such a venture. Jimmy John Liautaud is the founder of Jimmy John’s, a sandwich chain that prides itself on “Freaky Fresh” ingredients and “Freaky Fast” service. It seemed that founder Jimmy John Liautaud and Jimmy John’s Gourmet Sandwiches were on a roll. [6], In 2012, Liautaud was awarded the Nation's Restaurant News Golden Chain award for outstanding accomplishments that have benefited consumers in the food industry. [6], He studied at but failed out of Eastern Illinois University, but left to grow his up-and-coming restaurant business.[7]. Jimmy John Liautaud, CEO and founder of Jimmy John's Gourmet Sandwich Shops, talks about his rise to success during a luncheon Thursday to … It's simply a byproduct of an effective system, it's executed flawlessly and consistently by people who care. We started sharing the profit with our managers and that incentive exploded the store sales. Jimmy John Liautaud is the founder of sandwich chain Jimmy John's. The founder, Jimmy John Liautaud, strategically set up shop in the middle of a line of bars and late-night spots near the Eastern Illinois University in Charleston, Illinois. He has two brothers and one sister. [22][23], The Liautauds donated $1 million to Chicago's Youth Guidance Becoming a Man program, which helps disadvantaged young men learn how to handle tough life challenges and give them the tools to succeed in the future. Beth Ewen, FT's editor-in-chief called the deal "one of the best private equity deals of all time in the restaurant business. My president and I personally visited 70 underperforming franchises. Liautaud told the Chicago Tribune in 2015 that “the biggest misconception about him” … Sales at the stores managed by Liautaud were outpacing the franchised stores by a wide margin. When I decided to open my own stores, I was set up for success by having the support of a great team and real culture that Jimmy created. In an interview in 2015 with the Chicago Tribune, Liautaud said that the largest misconception about him is that people still connect him to photos of him posing with big game from 10 years ago. "[37] In December of that year, Liautaud was chosen to receive the Horatio Alger Award for 2018. [21], The Liautaud Family Foundation directed $1.291 million to the Horatio Alger Association to support scholarships for underprivileged students in 2019. We learned from this experience and raised the standards under which future franchisees would be approved. That recipe evolved into the Jimmy John's bread of today. Back in 1983, popular sandwich chain Jimmy John’s had only one location and was actually known as “Jimmy John’s Gourmet Sandwiches”. We met with each Jimmy John’s franchisee; we worked alongside them, re-trained them on our brand standards and pulled them up one at a time. [7], In January 2007, Liautaud selected Weston Presidio, a private-equity firm, to help acquire better locations for the expanding company. [13], In September 2019, Roark's Inspire Brands announced it was acquiring Jimmy John's for an unspecified amount in a deal unanimously approved by Liautaud and the rest of the Jimmy John's Board of Directors. Facilitated by Professor Karin O’Connor, the scheduled 1-hour roundtable with Jimmy John Liautaud turned into almost 2 hours of engaging story telling. As we grew, many of the rock stars were promoted from the Jimmy John's sub shops to become my executives. As Jimmy John’s founder, Liautaud has been recognized by Chicago Business’s “40 under 40,”, has been named the Ernst & Young Entrepreneur of the Year and is a member of the University of Illinois at Chicago’s Chicago Area Entrepreneurship Hall of Fame. "I started at JJ's as a franchise consultant in 2007 and I now own 16 stores of my own. I then stumbled on to Booby's Sandwiches in Carbondale, Illinois. Sure, he loves his toys as much as any guy out there, but he has kept things in balance. The founder of the Jimmy John’s restaurant chain made a little delivery of his own Saturday in Columbus, Nebraska. He served in the Army and was stationed in Korea. I baked, and I baked until I got it right. Together with his partner, and now President & CEO, James North, he visited 70 of the poorest-performing stores. We believed and trusted each other from the start! He sold 65% of his company’s shares to Inspire brands, and his wealth was estimated to be around $1.7 billion at … Many of our franchisees were once employees. By August of 1982, I had four sandwiches for my menu. It was so clear to me that if Jimmy channeled his tremendous energy and allowed his instincts to triumph over others' judgments, his achievement would be significant. Jimmy John’s is using its Freaky Fast Rewards® program strategically to attract a larger share of market and communicate its efforts to meet human needs during the COVID-19 episode. It's called free enterprise. The summer that I graduated high school, I visited many hot dog stands in the Chicago suburbs and created a menu from my research as well as a list of the equipment I would need to open. The ones we couldn't pull up made their way out. Leslie and Jimmy John Liautaud His brothers’ names are Greg and Robby while his sister is Lara Liautaud Berry. As our confidence and mutual trust broadened, I noticed in front of me, a gentle giant with an equally big heart. The winners were selected by an independent panel of judges composed of local community and business leaders. When he was in high school, they were excellent friends with James Lyons. By following his instincts, he has found his niche of catering to and helping others. Jimmy John's founder on impact of COVID-19 on food and beverage industry April 17, 2020, 2:09 PM Jimmy John's founder Jimmy John Liautaud is part of Trump's economic revival group and speaks out on planes to reopen the economy. [33], In 2004, he was named the Ernst & Young Food & Beverage Entrepreneur of the Year in Illinois. America, what a country! I learned systems, procedures and discipline from Jimmy. This system teaches people to be proactive, to budget and to save their money. [36], In March 2017, he was named Franchise Times' "Dealmaker of the Year" for the deal that brought Roark Capital Group in as the company's new majority owner. James was th… The company seems well positioned for life after COVID-19 by using technology to its advantage and by maintaining its proprietary approach to delivery. The location was surrounded by bars. Students drink, they get hungry, I'd stay open late, and I would feed them. We talk numbers, we measure success, and we expect everyone to be contributors in the organization. The first year we did $155,000 in sales and made $40,000 profit. After 18 months of getting the stores “back to basics” and instilling in them “some of that initial spark”, he was able to help the stores become more profitable. I didn't have to recruit anymore, they did it for me. -- Jim Lyons, Elgin Academy Dean for Students. [8][47] Liautaud is an investor in wines and vineyards, at least one of which has been featured on the cover of Wine Spectator. 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