- Wed. Feb 7th, 2007 @ 6:00pm - 8:00pm
- Young Professionals of Chicago
- University of Chicago Gleacher
- Address: 450 N City Front, Rm TBD, Chicago
- Fee: $ 15 for Members & GSB Students, $ 20 for non-YPC members (prepay and save $ 5)
- Rsvp (links below)
After founder Jimmy John Liautaud graduated second-to-last in his high school class, his options were joining the Army, college, or starting a business. Because Liautaud was always interested in the restaurant business, he chose the latter.
His father loaned him $ 25,000 to start his own hot dog business. If the business was successful, he would own 52% and his father would own 48%. If it failed, it was agreed that Liautaud would join the army. It turns out, Liautaud never started the hot dog business or joined the army. He instead started the sandwich shop, Jimmy John’s.
Today, Liautaud is the sole owner of Jimmy John’s after buying out his father’s side of the business. Jimmy John’s now sells 18 different types of subs with almost 400 outlets in about 20 states. Liautaud projects the chain to grow to at least 1,000 shops by 2009.
Join us on Wednesday, February 7th for our Entrepreneurial Evening Event as Liautaud explains the frustrations and rewards of starting a successful business.