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JI

Jimmy John's

restaurants
PE-OWNED

Gourmet sandwich chain known for freaky fast delivery and fresh-baked bread.

PE-OWNED

Acquired by Bain Capital2016-09-01

View PE Firm Profile

What Made It Great

Fast delivery of gourmet sandwiches with premium meats and fresh bread

What PE Will Likely Do

Portion sizes of Jimmy John's sandwiches will be reduced while prices remain the same or increase

HIGH LIKELIHOODBased on: Bain Capital's track record of cost-cutting and debt-loading tactics in acquired companies

Lower quality, cheaper ingredients will be used in Jimmy John's sandwiches, such as lower grade deli meats and lower quality breads

HIGH LIKELIHOODBased on: The restaurant industry playbook of common PE tactics like portion reduction, ingredient substitution, and labor minimization

The variety of sandwich options on the Jimmy John's menu will be reduced to focus on higher-margin items

HIGH LIKELIHOODBased on: The timeline of quality degradation observed in similar past PE-acquired companies in the restaurant industry

Staffing in Jimmy John's kitchens and service counters will be cut, leading to slower service and less attentive staff

HIGH LIKELIHOODBased on: The timeline of quality degradation observed in similar past PE-acquired companies in the restaurant industry

Some Jimmy John's franchise locations may be forced to close due to increased franchise fees and requirements

HIGH LIKELIHOODBased on: The timeline of quality degradation observed in similar past PE-acquired companies in the restaurant industry

Expected Timeline

0-6 monthsCompleted

0 to 6 months months

Minor changes to Jimmy John's menu, pricing, and operations begin

6-12 monthsYOU ARE HERE

6 to 12 months months

Noticeable reduction in sandwich portion sizes and use of lower quality ingredients become apparent

12-24 months

12 to 24 months months

Regular Jimmy John's customers start noticing significant decline in food quality and service

24-36 months

24 to 36 months months

Accelerated store closures of Jimmy John's franchises as brand reputation is damaged

36+ months

36+ months months

Potential bankruptcy or sale of Jimmy John's to another operator

Similar Cases

Other companies that followed a similar path after PE acquisition

What You Can Do

Actions

  • Be aware of potential changes to Jimmy John's sandwich quality and portion sizes in the coming years

  • Consider seeking out alternative sandwich providers that prioritize quality and consistency over cost-cutting

  • Voice concerns about declining Jimmy John's quality to the company and your local franchise owners

Alternatives

Darden Restaurants (Olive Garden, LongHorn)SAFE

Publicly traded restaurant group

Local independent restaurantsSAFE

Support local businesses in your area

Share this company's PE status

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