E314 Jimmy John Liautaud
Episode Stats
Length
1 hour and 44 minutes
Words per Minute
228.10417
Summary
Jimmy John Leotow is an entrepreneur, business owner, creator, hard worker, and human. In this episode, Jimmy talks about how he got started in his career as a hot dog stand owner and how he built a business out of nothing.
Transcript
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Today's episode is brought to you by Gray Block Pizza, 1811 Pico Boulevard in Los Angeles on the way to the beach.
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Today's episode is brought to you by Magic Mind as well.
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Go up magicmind.co and use promo code Theo for 10% off.
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Today's guest is entrepreneur, business owner, creator, hard worker, and human, Mr. Jimmy John Leotow.
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And I will find a song I've been singing just for you.
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You got started, my mother's from outside of Peoria, Illinois, but you got started in Illinois.
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So take me through a little bit of how Jimmy John's got started.
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So I graduated in May or in June of 1982 and it was about March and my dad said to me, he's like, hey man, he said, Jimmy, what are you going to be doing after high school?
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And he said, you need to start applying to college.
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You got to start figuring out what you're going to do.
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I didn't do what, I graduated second and last in my high school class.
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Yeah, he was a classmate of mine, Craig Schumacher.
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So anyway, long story short is my dad was an entrepreneur and he said, look, you're not going to college.
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So I said, well, I kind of would like to open a Chicago hot dog stand.
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I love a Chicago Portillo hot dog and a tamale and a French fry.
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If it fails, you go to the Army for two years and you don't have to pay me back.
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My big brother, Greg, drove an armored personnel carrier.
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My little brother, Robbie, was a ranger out in Fort Ord, California.
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And every time I got in a fight, I just got the shit beat out of me.
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And I Googled restaurant equipment and then used restaurant equipment.
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And I found a section, which is now the West Loop, which is the hottest area in Chicago.
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But storefront after storefront of entrepreneur-owned little used restaurant equipment houses, right?
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So I had the list of equipment for my hot dog stand.
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And so just, it was random, but I was going to go visit a buddy at Southern Illinois University that next weekend.
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So I drive down there, and I'm partying with my buddy.
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He says, let's go get a sandwich at Boobie Sandwiches.
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Theo, literally, it's got a refrigerator, a Coca-Cola refrigerator.
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There's vegetables in it, there's meats in it, and there's beer in it, and there's soda in it.
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It's like Coca-Cola gave it to him, but he was using it.
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He had a little make table, half the size of your desk, a little refrigerated make table, a meat slicer.
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And he was making, and it had bags of bread and a cash register.
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So I just came from fryers and steam tables, milkshake machines, and all this shit, all this equipment.
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I just came from 18, 20 pieces of equipment for $45,000.
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I knew I could get a used refrigerator for $400.
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I knew I could get a refrigerator for $250, or a cash register for $250.
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And I knew I could get a used meat slicer for $600, $700.
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I just bent through every restaurant warehouse in Chicago.
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Especially in that area, you're going to have probably the best opportunity because of so
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many restaurants in Chicago of even getting into that kind of stuff.
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Here's a video question that came in right here.
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We'll go to one early that came in for you, John, right here, actually.
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So this is a question for both of you, Theo, Jimmy John.
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You guys are two very successful business owners.
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And I just want to know, what is it that motivates you the most, that gave you that
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Either way, Merry Christmas, Happy Holidays to both of you.
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And I'll tell you this, and I'll kind of add into what I was going to ask.
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And yeah, because I was going to ask you, so to go from, to switch from hot dogs to
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sandwiches, so it wasn't really about the, was it still about the product as much?
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Or was it about, because some people are like, I'm selling hammers, that's it.
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And if you show them a screwdriver, they're not going to change to that.
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Like, did you realize at that point, like, oh, I just want to do business?
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But it was a critical pivot, but my homework was done.
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And when your homework is done, the answers were obvious.
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I knew how much I could buy used equipment for.
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I knew how many items were going to be on the menu.
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And when I saw refrigerator, meat slicer, cash register, boom, three pieces of equipment.
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Especially with that third one is the cash register.
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Because that other list probably didn't have a register on it.
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So then, yes, suddenly you're like, oh, this is a pared down kind of, did it feel like, okay, this is a more pared down version of what I want to do?
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And so what I did is I just pivoted and I went and looked at other sandwich shops that were, and even at that time, Subway wasn't baking in their own stores.
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They were getting bread delivered one or two or three days a week.
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So I went and I, instead of just looking at hot dog stands around Chicago, I went to Milwaukee, went to Madison.
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And I found a sandwich shop in Milwaukee that baked their own buns.
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And you bought your sandwich on this homemade bun.
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And you got a soda pop in a 16-ounce returnable bottle.
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When you gave them the bottle back, they gave you your dime deposit back.
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And so after visiting enough sandwich shops, I'm like, damn, I got to figure out how to bake bread.
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I baked bread in my mama's kitchen and figured out how to bake bread.
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I mean, they must be impressed with your desire, huh?
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You know, my parents were, I don't know that we were raised.
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I mean, we got four kids and we're all 13 months apart.
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So we weren't really, it wasn't really, you know, we didn't have any sort of traditional raising.
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We just didn't have, there wasn't a lot of time to nurture.
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The feedback was, you know, what's this guy doing?
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Don't, you know, I think they were probably shaking their heads.
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And my dad was just hoping that I would just hang it up and go to the army.
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I think that's really what he was hoping was going to happen.
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I mean, like when I think about it right now, I think that's what he was thinking about, man.
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But were you like, so I got, let me get a little bit more of what you were like then.
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Were you like, cause you weren't a, you weren't a dumb, you did not well in your grades and stuff,
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No, I wasn't a dumb kid, but I couldn't read and comprehend.
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So, so even now married to Leslie, like if, if, if something comes in and it's a letter,
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somebody wrote it to us, even a Chris, Leslie reads it to me.
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I closed my eyes and I listened to it and I can take it all in, but I just cannot read
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I could, I was good at math, but I just, yeah, I just, I couldn't read, man.
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And, and, and I think it pissed the teachers off too.
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And I think, I think they got angry because I thought they, they probably thought that
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And because I wasn't, I must've been, you know.
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And then they think if you're not dancing, you're just loitering or something else.
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So I was, but then when, what happened then, I think teachers got a little angry.
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They would rib me a little bit and be angry and be pissed at me.
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And I was sharp enough to be, to, to stick it right back to them.
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And I think that's probably what pissed the teachers off and made them angry because,
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because I, I, I could see what they were doing and I, I didn't know why they were angry
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at me because there was no, but when they were ribbing me, I would give it right back
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Were you goofy funny or were you taught like word funny, like saying stuff that was funny
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or would you like, were you like truffle shuffle funny kind of guy or like just say stuff?
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I think I was, I don't know what any of those things mean really.
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Were you like a goof or were you like a, you would get up and do something physical or
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I mean, I just hit, you know, I could, I could, I could have.
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Cause you basically have kind of an audience every day.
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If the, if the curriculum doesn't really engage you that much.
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Um, which sometimes dyslexia to me is just that it's kind of like the, like the world
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Learning all this shit that I don't really care about, you know?
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So you got the bread recipe, which being from Louisiana, man, I respect that more than anything,
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People are always like, what makes a, I'm like, you have to have good bread.
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Cause like, I'm, I'm, I've read Michael Lindell's book.
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And he has a moment where he finally gets the fluffing right in the pillow and he just
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Did you have that moment where you're like, this is the bread.
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I had a moment and I got a great story about the moment.
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And I lived in Carrie and Dominic's grocery stores in Crystal Lake.
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And I'm going back and forth, buying meats and coming home and making sandwiches on the
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And I, I'm walking past the freezer section one day and I see this frozen bread dough in
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the freezer section had like four, like one pound loaves of bread, this big in a freezer
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And I grabbed a bag and I threw it in the cart.
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So remember I had, now I had my, I had all my meats and then I had this frozen dough.
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I thought one of these loaves out and I cut it in quarters and stretch it out and bake it
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It was way better than the bread that I came up with.
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And at the time the entire New York area code was 212.
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And I said, can I have the number of Rich's frozen products, Poughkeepsie, New York?
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So I call Rich's frozen products and I said, hello, may I speak to Mr. Rich?
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The guy gets on the phone and says, hello, this is Bob Rich.
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My voice said, it was, you know, it's pretty squeaky now, but it was squeakier then.
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I said, listen, I said, I'm opening a sandwich shop in Illinois and I said, and I just tried
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your bread dough and it was way better than the bread dough I made.
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He says, you're opening a sandwich shop in Illinois?
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So I hang up the phone and he calls me back in five minutes.
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He says, you know where Schaumburg, Illinois is?
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He said, well, my friend Lou Ganella is building an addition on his frozen dough factory right
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Can you be there tomorrow morning at 10 o'clock?
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I walk in the front door and there's a woman there, a receptionist.
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And one says Jimmy John on it, construction hats.
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And he was Lou's nephew or something like that.
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I go into this kitchen and here they got like 20 different breads all lined out fresh out of the oven.
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In about six hours between he and I, and I said, I like this one pretty good.
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He's like, well, then we'll make that bread dough for you.
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I'm sure there's no way in a million years did he ever, ever think that it would be what it was.
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I'm going to do it at Eastern Illinois University.
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And son of a gun, if I didn't end up loyal to that family and that company, and we are now their largest customer.
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And I think there's over a hundred Ganella family members that are owners of this company.
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And it was so random that I called that phone number.
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And the dude was, there was a Bob Rich and he picked up the phone.
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And what, and just the, I mean, that just makes me think about like, when you do something hands on for somebody, a lot of things in life, it takes somebody doing something hands on for you to really believe that you can do it.
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And so I can't even imagine you walking in at that age, at that moment, where you're already kind of a little bit excited.
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I drive over the hats there with your name on it.
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And I wonder if they, if they couldn't be thinking this guy's a big sandwich entrepreneur.
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I didn't even have hair under my arms yet, man.
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You didn't know if you're going to get hair under your arms if they're calling you ma'am, you know?
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And, and, you know, and my dad is, my, my dad was thinking the same thing, but when I had this bread dough and then I started making sandwiches on that bread dough, man, I knew.
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Came up with six sandwiches, invited my family over.
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Just the kindness that I feel like they showed by just saying, okay, here's just somebody who's young and curious and I'm going to extend some time to them, you know?
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I met a grandson of Mr. Rich who has now passed away.
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And I, I have a, I spend the majority of the year in Key Largo, Florida.
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And I told him the story of his grandfather, the family also has a home down in that area.
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It was so, it brought me so, it warmed my heart to share how that man literally without that phone call in that moment, I wouldn't have pivoted there.
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That, which would become the foundation of the Jimmy John's brand for, you know, 36 years before I sold it.
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But it was in, it was in the bullseye and I, I hit it.
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I really, it's really interesting to hear starting, especially like a sandwich shop, starting any business in a college town.
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I feel like it's such a strong move because if you can get a market that's excited, that's young, and it's something that's hip, then you know already other towns it's going to work in that exact type of place, you know?
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When you look back at that moment in your life, kind of at that young moment.
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So some of the cards were kind of laid out for you.
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It was like, you weren't really, college probably wasn't going to be your thing.
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Your dad kind of gave you this amount that didn't really work out with, you know, with the, with the list that you made.
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He's like, geez, put the oven down and pick up a fucking gun, you know?
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Um, but what was, uh, when you look back at that moment in your life, what are you, was it just some natural gifts that got, do you just think it was just some innate things?
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Like, what are some things that, you know, I really didn't think about it.
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And I knew that I was out of there and I knew I had to figure it out.
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So I really didn't spend much time about anything except I wanted to get a location.
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I want to go to Eastern Illinois, Illinois University.
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The reason I chose Eastern, my brother was coming out of the army in November.
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And I had two cousins that were there, Mike and Steve.
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I'll prove to the, to the school that I'm worth a shit and I'll get the sandwich shop going.
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And then I'll, then I'll go to college and get a degree and sell it and go get a real job.
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And did you have a lady in your life at this time?
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What was your, what was the love life like at this point?
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No, I didn't, I didn't have a lady in my life at all.
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So not much, not much lady luck in the high school time.
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So you get over to Eastern Illinois, you got the first sandwich shop, beautiful locale.
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The, it was a, it was a house that was converted into a Dixie cream donut shop, had a two car garage
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There was a bar to the left of me and a bar in front of me.
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So I put my sandwich shop right in that, in that garage.
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So when the bars closed, they came to Jimmy John's.
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And I, anyway, August, when I went, when I was going to do it, you know, you said like,
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I drive down to Eastern Illinois and I came back with two leases, the garage.
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And I rent an apartment and I said, pops, I got to fund the account.
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And I, it's, I, I still really didn't have much feedback from him at all.
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And then, and then he funded the account and he gave me a checkbook and said, you pay
00:21:14.660
I bought a Sears chest freezer to hold my bread dough.
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My mom gave me her oven mitts, her Rubbermaid cake spatula.
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And she gave me her Tupperware to keep my tomatoes and lettuce in.
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And I opened up in this little tiny two car garage at Eastern Illinois.
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I opened up my 19th birthday, January, a day after I turned 19, January 13, 1983.
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So you knew, so, so the 25,000 does come into play.
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So that money at this point, he's funding the account.
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I had to, I had to plumb my sink and get my bathroom done.
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And so anyway, yeah, I opened up January, 1383 and I had a $1,300 balance to start with
00:22:08.380
And how many Gary Varner Chuck videos did you watch to help start all this?
00:22:14.980
It's like they sell this entrepreneurial spirit to a lot of people online a lot of times.
00:22:21.560
It's just like, get entrepreneur, you know, they're like, get entrepreneurial, you know?
00:22:26.160
I wish, I wish it was like, you know, one of the kids asked, he said, you know, what is
00:22:39.800
That's what, you know, fear of the army, fear of the army, fear of moving out.
00:22:46.900
I think it, I think really the fear of failure is what really motivates is the original motivator.
00:22:56.260
So I think that's what, that was a real motivator because what the hell else was I going to
00:23:01.000
I mean, there's no way I was going to, I was going to get the shit beat out of me in
00:23:04.740
I mean, it probably would have been, yeah, it probably wouldn't have been stoked, especially
00:23:10.580
You don't want to be the guy in the army who doesn't want to be in the army.
00:23:13.440
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00:23:27.060
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Here's a question right here from some young gentleman right here that we got.
00:25:59.560
As you can see, my face kind of busted up right now.
00:26:02.860
Got some of that Caucasian abrasion from slipping on some black ice earlier.
00:26:08.760
What's it like running a company with your name on it?
00:26:11.040
Does it put extra pressure on you, and does it ever make it difficult for you to separate
00:26:23.820
I'm really Jimmy Leito, and I know Papa John really, really well.
00:26:32.280
That's his sweet spot, and he just really loves it.
00:26:42.600
I don't know if you've ever been divorced before.
00:26:58.120
It's easy for me to separate, but I think it's different for different people.
00:27:05.500
But so some guys like being the character, yeah.
00:27:08.400
When did the character start to become, like, yeah, when do you start to become the character?
00:27:14.560
Like, when does that happen throughout this journey?
00:27:17.060
It started to happen, I think, that, you know, wow, you're Jimmy John.
00:27:22.420
Like, since it wasn't top of mind for me, you know, I was like this dude working my ass off all the time.
00:27:27.580
You know, yeah, and then I would forget that I'm Jimmy John because I'm working my ass off all the time.
00:27:32.400
I'm like, oh, yeah, yeah, that's right, I'm totally Jimmy John.
00:27:37.240
We get up at 5 in the morning, and we work till 3 in the morning, 7 days a week, and we clean puke out of toilets, and we reinstall the urinals on the wall when the dudes tear them off the wall.
00:27:52.560
So, I was always taken aback by it because I really, it was never top of mind for me.
00:27:58.580
I never like, you know, I never sort of, you know, we were, I spent 10 years in 10 different cities and opened 10 stores, and that was my first 10 years.
00:28:10.000
And I didn't know how to do a bank loan or get a bank loan, so I'd save up my money and replace myself at the sandwich shop and then move to another city and open up another store.
00:28:18.900
And then in order to have the experience be like it was when I was there, I learned way back at an early age to cut my manager in on a piece of the action.
00:28:29.360
So, you know, I just, I never, you know, so like when did I start being Jimmy John?
00:28:41.700
And then when it got to be really big, you know, yeah, I'm Jimmy John, but, you know, it's not that sexy, dude.
00:28:47.240
I mean, we got refrigerators and meat slicers and salamis.
00:28:50.660
I mean, if you're impressed by that, that's fine, but it's nothing but a grind.
00:28:54.980
Like, yeah, at that point, but at that point, probably you start to make your way out of the actual store that you're in.
00:29:02.220
And I'm sure it gets, you get into more of the corporate side of stuff.
00:29:05.220
But I want to, I want to go to where, when you make the, so you guys are, things are going well.
00:29:10.580
You're right there positioned by the, by the bars.
00:29:17.500
So, does it feel like, like, was that a risky move?
00:29:20.640
Are you just, were you trusting your instincts at that point?
00:29:24.700
Like, where did the, where does it come from to take that move?
00:29:32.860
So, I opened up in January with two of my buddies and me.
00:29:39.540
So, you have seven day shifts and seven night shifts, essentially.
00:29:47.940
It's like, then March came and the night dude quit.
00:29:51.040
And they, I get a call at like 4.30 in the afternoon.
00:29:54.460
And, and the dude says, hey man, listen, I quit.
00:30:00.680
And I said, okay, what time are you going to be in?
00:30:08.700
So, I got up and, and, and, and so I closed the store at two in the morning after, and
00:30:21.040
I didn't even know you could work from eight in the morning until two in the morning.
00:30:23.680
If you have to, if you ask the National Labor Relations Board, they'll tell you, no,
00:30:26.960
no way you got to sue somebody for that, right?
00:30:31.020
So, but the first week I did it, it was really hard and I was freaking out.
00:30:34.120
But the second week, man, I'm like, whoa, I can do this.
00:30:38.120
And by the third week, Theo, I am starting to know my customers, who they are, what they
00:30:44.040
If they're chubbier like me, I'll give them a little extra mayo.
00:30:46.560
If they were skinny like you, I took a little off.
00:30:48.880
I used to use the ends of the meats that weren't so pretty, but they were still salami and ham.
00:30:52.680
I'd sell those after one o'clock in the morning because nobody knew what they're eating anyway.
00:30:57.800
And I really started getting into, into, into running the sandwich shop after I, after I,
00:31:08.120
And then I started to keep, remember my dad said, keep your bank balance every day, pay
00:31:13.120
And I'm watching this bank balance go up and I'm watching it go up every day.
00:31:16.800
And I finished the semester in May and I started the semester with 1300 bucks and I had 18,000
00:31:25.320
And so, I totally started paying attention to this checkbook.
00:31:28.560
And so, the end of the first year, I did 156,000 in sales and made 40 grand profit.
00:31:37.040
And then the second year, I did 180,000 and made 55,000.
00:31:40.480
I split it with my dad and I saved all my cash.
00:31:47.460
So, I bought my dad out in May of 1985 for the 25 grand plus 10% interest.
00:31:55.020
And I took it out of the bank in cash to go pay him off and, and own it.
00:32:02.060
He's like, dude, you owe me another 1,300 bucks.
00:32:06.420
So, we got the 20 grand the first year, 25 grand year two, the original investment back.
00:32:15.040
I moved to Macomb, Illinois, Western Illinois University.
00:32:29.400
And go back to the question where the guy calls and says, you're an asshole.
00:32:33.720
Sometimes I started out as just being like fun and everything was fun.
00:32:37.480
And then once you get into business, man, it's the adjustment sometimes is really tough.
00:32:42.120
And I have to think with another side of my brain.
00:32:46.880
And it goes totally against whatever the fun side of things.
00:32:54.000
No, because I'm just not an asshole as an individual.
00:32:56.200
I'm, I love people and I love life, but what I didn't, I didn't know what a boss had to
00:33:06.180
I cleaned the easiest toilets myself and gave everybody else all the tough shit to do.
00:33:10.500
And so, and then what I learned is that the boss takes the toughest shifts, the hardest
00:33:19.020
Typically, it's not the individual's fault because people really want to do a good job.
00:33:22.660
All they need to know is why, and you just, and if you catch them doing it right, and
00:33:26.780
the more often you catch people doing things right and say, man, I really appreciate the
00:33:33.440
There was not one hair left anywhere in that bathroom.
00:33:38.080
And if you are as a boss, take the time to thank somebody for that effort, they will say,
00:33:50.140
And then I read a couple of books on One Minute Manager and Leadership and the One Minute
00:33:54.980
And I learned that I had to lead by example, that people do what I do, not what I say.
00:34:04.180
And then once I realized I could do it, I'm like, man, I can do this.
00:34:07.740
I mean, I'd never been successful at anything in my life and I was killing it.
00:34:13.280
Now, were you, like when you have the success, so outside of work, in which I don't know how
00:34:16.660
there's any time, what was your social life like?
00:34:24.020
Did you, you know, like what were you doing kind of for fun during that time?
00:34:31.380
But I was working, you know, at first I was having a lot of fun.
00:34:35.080
And then I was working and then I was really in the restaurant 24-7, 365.
00:34:40.020
You know, that's how we made 40 grand on 150,000 sales.
00:34:43.240
Well, when your labor is 8% and I'm getting paid 82 cents an hour, it's really easy to
00:34:51.220
But yeah, I dated a little bit and I had a couple of girlfriends and I had, you know,
00:34:57.000
But nothing, nothing that where I could really, I always, anytime the sandwich shop called,
00:35:04.460
I was there because I had worked so hard to get it where I got it that I, you know, I had
00:35:08.360
a kind of a social life, but not a, not, not, not, not a college social life, but it was
00:35:25.400
It mine, this girl, I lost my virginity behind a bowling alley.
00:35:32.820
She had kind of like a chipped tooth a little bit named Chrissy.
00:35:35.080
And she had, her mom used to cut her hair like one of the singers from Leonard Skinner.
00:35:40.760
Like she would literally put a picture up of, I don't even know who it was.
00:35:47.000
And then she would have her sit next to it and cut her hair just like it.
00:35:49.680
So she literally had, she had her hair looking just like one of them.
00:35:54.300
And some people just kind of, we were, we were the same age in the neighborhood.
00:35:57.860
We were both kind of shy and they locked us in a room together one time and, and we had
00:36:03.280
to kiss, you know, and so we did, you know, but.
00:36:10.880
I forget her last name, but I remember that really, really good.
00:36:16.840
Yeah, at the time was, you know, it was, it was what it was, you know, for me it was
00:36:26.240
What were good bars that were, they used to have a comedy club.
00:36:32.080
We had Rocks, we had Mothers, we had Ikes, and we had Chinks, where we'd go there and
00:36:39.820
do these slammer shots where you'd get half whiskey, half seven up, and they'd slam it
00:36:46.360
And, oh God, I, what, Marty's, Marty's, we had Marty's.
00:36:50.120
I don't, the comedy club in Charleston, I don't, God, I don't remember a comedy club
00:36:55.260
I mean, I really, socializing wasn't a huge top of mind for me.
00:36:59.580
It's just interesting to be that young and to be that, like, even when I, when I think
00:37:05.220
of College Hour, if I think of just meeting someone now who's 21, 22 years old, and they're
00:37:10.440
that focused on business, it, and maybe it's just because of the times now, that would seem
00:37:20.440
So, was it that unique at the time, or did a lot of young men that were just out of high
00:37:26.640
Dude, I don't think that I was thinking about it the way you were thinking about it, man.
00:37:38.540
I was figuring out how to deliver, figuring out how to buy an ad, how to make an advertisement,
00:37:44.720
how to maximize my, my, my dollars and the advertising spend.
00:37:48.980
And, you know, I said, well, if I'm going to put an ad in the newspaper, I need to have
00:37:53.720
And if I have a headline, it'll grab their attention.
00:37:59.320
Remember, I wrote, when the headline was party.
00:38:01.440
It said, you plan it, you love it, you can't wait till it starts.
00:38:05.760
But alas, you just met a cutie that says your beauty, if that is your fate, it's never too
00:38:09.280
late to impress that new love with a Jimmy John's sub.
00:38:12.600
So, it's a party, all that fill in the middle, and then Jimmy John's, we deliver.
00:38:20.680
And when I did, I did, I did no zits, no pits, no day old bread, no grease, no fries, great
00:38:27.220
And I put these ads in the paper, but I had to think about this shit.
00:38:31.080
And I, and I, and I wanted it to be somewhat adorable or somewhat like it was worth it.
00:38:35.920
If you were going to read it, you could just smile.
00:38:39.100
So, I had to figure out how, because I had to save up my money and buy an ad.
00:38:46.180
I was like surviving and figuring out how to survive.
00:38:56.000
I think there's something that's nice, especially when you're in high school, to be able to laugh,
00:39:01.540
There's, there's a level of, of, of, uh, intelligence that's behind it, but there's a level of charm
00:39:10.820
A lot of times, um, did you, have you always thought that that's a gift that you had being
00:39:15.200
Dude, I don't, I don't know that I really ever thought I was gifted.
00:39:18.700
I mean, I was a, I was a fat kid and I was, I was raised in a crazy household.
00:39:25.600
My dad was, you know, we ran out of milk, dude.
00:39:28.000
We drank powdered milk and I mean, we had love and we made it.
00:39:30.920
And my dad ended up being a successful guy, but my childhood, like I didn't have a foundation.
00:39:35.920
I, I never really thought about, uh, you know, that I was a charming anything.
00:39:39.980
I just, just was, you know, I really never really, it was never in my head.
00:39:49.200
You weren't thinking about it, but you had, some of you had survival instincts that were
00:39:53.120
Was one of, do you think just being a charming guy?
00:39:55.040
Well, dude, I, if it helped me out, you know what I mean?
00:40:01.280
I can add a subject and I can smile and I can tell it like it is.
00:40:05.920
Now, what about the, like the, the striving to be good in business?
00:40:10.460
Do you feel like you were trying to like impress your dad?
00:40:14.900
I wanted my dad's approval more than anything in the world.
00:40:17.460
Are you kidding me when I think about that, man?
00:40:20.140
Oh, are you kidding me to have, have your dad approve of you?
00:40:26.840
He, he was a really tough, tough, tough, tough guy.
00:40:30.200
Well, I mean, yeah, even me just thinking about it, man, it kind of makes me a little bit emotional,
00:40:33.340
but like, yeah, like there's times where you do well.
00:40:35.800
You're still in your life and you think, man, uh, is your dad still alive?
00:40:46.260
You know, there's something, there's some innate thing.
00:40:48.740
And it's for me, I start to feel in the back of my like shoulders.
00:40:52.640
No, my dad was eight, 70 when I was born, when he, when I was born, he was an old man.
00:41:00.420
But yeah, there's sometimes a moment where it's like, man, there's still this weird connective
00:41:06.480
tissue almost where I feel like if I make him proud that he can feel it, even though he's
00:41:09.580
not here, which is really, I think that's what makes it the feeling so unique.
00:41:18.020
It's, and it's deep seated, especially if you had a connection with your father and I
00:41:21.320
had an amazing connection with him and, uh, and he was a great man.
00:41:25.020
And, and, uh, do you think he was proud of you?
00:41:27.200
I think inside he was, I think inside he was like, like, I think to other people, he
00:41:32.960
was very proud of me, but, but to me, he was hard on me and, um, uh, and it just was
00:41:38.400
the way it was, you know, it just was the way it was.
00:41:40.660
And, and my dad was old fashioned and, and he was very macho and he was very
00:41:46.060
And, and he probably thought a lot of those things that you asked me, he was
00:41:49.680
charming and he was witty and, but he, he believed, you know, with me, I'm just
00:41:54.640
You know, but it's, you know, but my father totally believed he was like, he
00:42:00.520
And I walk in the room, I'm like, Hey man, nice to see you at the, you know,
00:42:06.060
What are some fun things that did you, did your family do like a party every year?
00:42:08.980
Or was it like a thing that your dad, like, like what was, uh, 4th of July,
00:42:13.060
We have a, we have a camp in Northern Wisconsin.
00:42:15.620
You told me, uh, uh, Bishop Gunn performed there.
00:42:30.260
So yeah, but my, we would do a 4th of July and my dad was in charge of the
00:42:34.520
And man, my dad, I remember the first year my dad in charge of the fireworks,
00:42:38.880
he got a couple of styrofoam, uh, surfboards and he, and he put all like the, the, the,
00:42:46.540
Those where they shoot the balls up and they go to, and it shoots a ball.
00:42:53.500
Well, he had bottle rockets and, and, and these other things where you can hold them.
00:42:57.340
And the ball would go up and then it'll blow up.
00:42:59.080
And he wired, and he wired all this stuff together.
00:43:00.960
And I remember the first year he did it, he had these two surfboards and he lit them
00:43:04.880
And, and he spent like two days before taping the wicks together and making, doing that.
00:43:08.940
My dad was an engineer just doing all this shit.
00:43:10.840
And he lit them both and pushed them and took them all.
00:43:17.140
And then he figured out those cannons as, and then, and then they would get those tubes,
00:43:21.380
you know, with the three inch mortars and they figured out where to go get them.
00:43:24.400
I'm sure they were buying them illegally in Indiana or wherever.
00:43:38.640
And, and I remember my dad would take us to his company Christmas party and it was the
00:43:42.520
only thing fancy, you know, we, it would be fancy and we'd go to a company Christmas
00:43:46.900
And it sounds like in hindsight, like it sounds like maybe when you, you were young and I'm
00:43:51.060
not, I'm not, I'm not trying to get in your life or anything here.
00:43:54.240
But I'm curious about stuff like, you know, familiar relationships and how that kind of
00:44:02.060
Because I wondered a lot about it in my own life and I still figured that out a lot.
00:44:06.500
So I'm still kind of figuring that out sometimes.
00:44:08.660
Sometimes, but it sounds like, you know, you're, that you were almost most like your father
00:44:13.980
in a lot of ways, even though when you were a kid, it seemed like your brothers probably
00:44:16.480
were, you know, I, I, I think that my brain was a lot like my father, but my father had
00:44:21.740
a natural confidence, uh, that he just, you know, uh, uh, we were just talking about Bobby
00:44:26.960
Kidrock, you know, Bobby walks into a room and he just, he just, he just owns it.
00:44:30.940
And, and, and, and, um, my father was very much like that.
00:44:34.860
And that bravado kind of just bravado and just, just owned it, you know, and, and he,
00:44:38.220
and, and, and I, I just don't have whatever I have, I've earned and I, and I, and I've
00:44:42.440
earned and I, and I pay and I, and it's, it just doesn't come naturally.
00:44:47.680
I, because there's a lot of insecurities being a fat kid, being a poor kid or, you know,
00:44:54.300
And I think it comes with it forever and you get it.
00:44:56.100
And then I think that I fought the business so much and the business went from, you know,
00:45:00.600
being the little sandwich maker guy into this giant behemoth $3 billion company.
00:45:05.600
And, and so I, I went from, you know, making people smile and here's your sandwich and
00:45:11.660
Can I sell you some chips to, to, you know, the evolution was that, you know, at the end
00:45:15.560
of the, at the end, it was, it was, you know, all I can remember is litigation, you know,
00:45:29.720
It's a five minute drive time during peak traffic and our, and our computer system won't
00:45:38.060
It's just, we design the delivery system that way.
00:45:41.140
Well, but you, you, you, but people speed and, you know, you know, it was so hard to
00:45:45.880
convince, you know, because we, we got sued often for crashes and shit.
00:45:51.220
Well, you're freaky fast, but then the people that we were freaky fast, not because we were
00:45:55.260
Cause we, I made the delivery area small and I made the delivery area small so we could
00:46:01.060
And I wanted to be the really good service guy instead of the great sandwich guy, you
00:46:05.880
And so I focused more on the service than I did the speed, but it was, but at the end,
00:46:12.040
And that's why I just, you know, I just, it was uncle.
00:46:17.540
You know, it was really romantic at the beginning.
00:46:19.660
There were long nights, but the problems I could solve.
00:46:22.000
And then it got to, you know, problems that I couldn't solve.
00:46:26.160
It was a big, big company when I sold it and we're vertically integrated, right?
00:46:29.900
We supplied all the food to all the stores and, and.
00:46:43.020
Now, what point did you start to study other business?
00:46:45.840
You know, was there a point where that, where you're like, where you started to become,
00:46:52.400
Like, does that kind of start to happen at some point?
00:46:56.060
No, for the first time is I'm learning how to make sandwiches.
00:47:02.580
Then I realized, you know, I got to sell these things.
00:47:06.820
And then I figured out, you know, how to, how to print a menu.
00:47:10.080
And then I figured out, then I had to write a menu.
00:47:16.100
I'm going to print them on a sticky card and people can tear them off and stick them, you know,
00:47:20.340
And so I had the, I had my menus, they were sticky menus and they were all over the campuses
00:47:25.820
So I made my menus into stickers and I saw my, my stuff all over the place.
00:47:29.900
I mean, I had dorm rooms decorated with my Jimmy John's menus.
00:47:33.920
Then I figured out, you know, how to do an ad and I placed an ad and didn't work.
00:47:38.700
So I figured out how to place an ad and then I figured out how to buy an ad.
00:47:44.940
Then I had to figure out what is good real estate and what works and what doesn't work.
00:47:51.080
And you figure out what a good lease is by getting burned on a couple of bad leases.
00:47:56.280
And then you get good locations and you get good leases.
00:47:58.860
And then, and then you got to, and then from there, you know, then I had to figure out franchising.
00:48:03.480
I had 10 stores over 10 years and I, I wrote the opening and closing procedures.
00:48:08.840
So all of those 10 stores could be operated the same way.
00:48:11.720
And my customers had the same experience, whether I was there or not.
00:48:15.080
I compensated my manager with a piece of the action every time, right?
00:48:18.720
Every, so that we, we were all copacetic, all symbiotic, everybody's happy.
00:48:23.980
And then as that grew, then I, then when I, and when I started franchising Theo in 93, I joined this organization called Young Presidents Organization.
00:48:31.640
And they said, as a founder, you got to give up your power or give up and hire a, put a professional in to run your company because you're an entrepreneur.
00:48:39.760
So I took that advice and I hired some professionals from a large restaurant company to run my franchise company and dumb me stayed running the company stores.
00:48:49.080
So in 93, I hired two execs and we started franchising the Jimmy John's model.
00:48:56.940
And then I had to learn what a franchise contract is, what a FDD is, which is a federal disclosure document that the feds make you create.
00:49:06.340
Then when I had to write one, then I had to write a bad one to write a good one.
00:49:09.260
So I figured out how to write a good FDD, you know, and then, and then, and then I had to figure out what a good franchise he was.
00:49:14.880
And so from 93 to 2003, we opened, we had 176 Jimmy John's franchise stores and had 23 company stores.
00:49:25.500
My 23 stores at that time were making me about 4 million bucks a year, just those 23 stores profit.
00:49:33.020
I didn't have debt because I didn't know how to get debt.
00:49:35.100
And my sales were going straight up at my 23 company stores.
00:49:38.220
My 176 franchise stores, sales were going down and had 76 of them failing.
00:49:54.600
And finally, James, James North, who's my president, he came to me and he said, Jimmy, he's, we got to stop selling franchises, man.
00:50:02.140
This thing's, we got, we got half the stores are failing.
00:50:03.740
And why was it, what's that, what was the number one cause of why the stores were failing?
00:50:07.260
Well, we, we, so we, we stopped selling franchises.
00:50:12.600
The answer to the question is they weren't following systems and procedures and they didn't put our process on a pedestal because the company, the people that I hired from this other company didn't have such systems and procedures that we had at Jimmy John's.
00:50:24.780
Jimmy John's is the most consistent chain that, I mean, Jimmy John's SBA loan was the highest performing lowest failure rate SBA loan in the country because we were, have you had consistent experiences at Jimmy John's?
00:50:40.180
So they weren't following our program, we were.
00:50:42.760
So we fired all those guys and James and myself literally went on the road in 2003.
00:50:52.780
My children and here I'm going to go on the road again.
00:50:55.400
Now, after I'm on the road 20 years, I'm going to go back on the road again and turn around 76 sub shops that were failing.
00:51:04.320
We ended up on the road for 18 months and we turned around 70 of 76 stores ourselves with our own hands.
00:51:10.300
And from that point forward, when we got back 2004-ish, late 2004, I said, I'm going to tell every single person that wants to open a Jimmy John's that this is a lifestyle.
00:51:26.520
This is a brand that if you buy into this, it's like having children, man.
00:51:32.020
And so I told people the truth about it because I didn't want to do that again.
00:51:37.820
And when you say another one of those, what do you mean?
00:51:53.900
And when you say it, it reminded me of stand-up comedy.
00:51:55.780
Like so many of my friends' funerals I've missed.
00:52:01.580
When you don't make somebody's wedding, man, it adjusts your friendship with them a little bit.
00:52:05.780
And it's kind of weird because sometimes you get to the end of the line and you have this
00:52:12.740
There were a lot of stair steps that you missed along the way.
00:52:15.360
A lot of social ones and emotional ones with other people.
00:52:18.940
But after we got back from that and we did that road trip and we turned the stores around,
00:52:23.160
literally, you want to open Jimmy John's, we told you the truth.
00:52:33.080
So now, what do you have to change in the documentation on y'all's end to assure that people will
00:52:39.420
Is there anything legally that you have to change?
00:52:41.200
No, but what I did is I had a conversation like we're having, Theo.
00:52:46.640
We're going to have a conversation about real stuff.
00:52:48.800
And I would sit down just like this and say, look, it's nights.
00:53:01.960
We had to come to Champaign, Illinois, train for three weeks and then do a two-week internship
00:53:05.860
somewhere else in a city like their store is going to be.
00:53:14.500
And then if they were really good at it and they wanted to do another one, we let them.
00:53:17.880
And if they hated it, we'd get them out really quick.
00:53:20.620
And so we teamed up with people that really wanted to do it.
00:53:25.980
So, and then I realized, well, I'm hustling, but I'm hustling bullshit, you know?
00:53:30.520
You know, I started just telling it like it is.
00:53:32.040
And I remember I was in this beautiful situation because I didn't have debt.
00:53:35.960
I had, I was making the dough for my company owned stores.
00:53:38.180
So I said, if I'm going to have this growth vehicle, it's going to be solid as a rock.
00:53:49.500
And, uh, and Jay, he's, he's brand president right now working for Inspire Brands.
00:53:54.700
Was it hard for him to stop to like get your attention?
00:54:03.980
He's a one, he's one of the greatest guys I ever met.
00:54:10.520
Met him in, met him in, uh, in, in Cold Bay, Alaska in 1999.
00:54:15.720
I said, come on to America and, and, uh, I'll teach you to be the greatest sandwich maker
00:54:22.520
He says, shit, I'm just, I'm just out of college.
00:54:27.160
So he comes all the way from New Zealand to join me.
00:54:41.320
Today's episode is brought to you by BetterHelp.
00:54:43.340
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00:57:28.160
We have a question right here that came in from a young man.
00:57:34.000
Before I get on to my question for Jimmy John, Mr. Jimmy John, I'd like to say to you thank you for your consistent rare light shining through dark times, making these uncertain times a little bit easier to deal with, a little bit less of a struggle on a daily basis.
00:57:51.540
So thank you from the bottom of my heart for that.
00:57:55.500
And to you, Mr. Jimmy John, when I was over in Boston working over there, I got a taste for that freaky, fast, freaky, fresh hitter, Vito.
00:58:06.560
And I was wondering when he planned on bringing his sandwiches over to England at all, mainly because at the moment all we've got is Subway, which sucks.
00:58:15.800
Yeah, and I made love to a girl near a Subway once.
00:58:21.800
Jimmy John's freaky, fast, freaky, fresh international.
00:58:37.600
Send me your address and I'll FedEx you some sandwiches anytime you want.
00:58:43.820
You can get my email address from Theo and I'll hook you up.
00:58:48.080
I'll FedEx them with ice packs and you'll get them fresh in England.
00:58:55.680
It's a Christmas gift for you from Jimmy John himself, man.
00:58:59.380
You know, you guys' group does good, though, man.
00:59:04.960
Because I've been a long-time Jimmy John each time.
00:59:08.900
And so I would get the turkey time and I would just talk about it on Snapchat or on Instagram story.
00:59:16.300
And I remember I took the card to the guy here and the guy was like, dang, I don't even know if I've ever even seen one of these.
00:59:22.660
Dude, I thought I was the only one that gave those out.
00:59:28.080
I don't think they're giving them to everybody, though.
00:59:36.640
We just shot a sketch this morning with Brett Favre Jr., actually, and we were doing, we gave the card to my buddy to go treat everybody to lunch.
00:59:47.920
Okay, so let's get into a little bit more of like, so you got, you have the business.
00:59:52.300
Because what changed for you when you became, were you guys rich when you were a kid?
00:59:59.540
So, but we were bankrupt in 72 and 76, and I left home in 82.
01:00:04.320
And then my father, I would say he started, he got out of debt in 76.
01:00:08.680
And when I was in high school, my father had a Cadillac.
01:00:11.580
So, I don't know what your definition of rich is or what your definition of spicy is, but he had a Cadillac, you know?
01:00:17.100
And then when I left home, and he became way more successful after I left home, you know?
01:00:24.120
So, my father was a book salesman, and then he was a plastic molder.
01:00:27.740
My father invented the process of molding molten plastic around metal.
01:00:33.280
It was a technology that he, he was the, he really created the technology.
01:00:36.880
And essentially what it did is, anytime you could take metal out of a part and make the majority of the part plastic,
01:00:43.460
and just make the metal on metal contact metal, and the rest, you could remove cost out of a part.
01:00:50.820
And so, so the first time, he just didn't do his books right.
01:01:05.920
Well, my dad molded it, and by molding it, he could make them very consistent, make, made them perform better.
01:01:10.820
And his top salesman, top accountant, top engineer, split, stole the design,
01:01:15.940
and went and opened up a competing business and bankrupted him.
01:01:20.320
And that's how he got bankrupt the second time they, they, and, and the government and the courts were so slow
01:01:25.720
that by the time he got to the courts and got in suing them, the antenna.
01:01:30.640
Well, the, the, the CB business had been flying.
01:01:33.900
And so, but anyway, he learned and, uh, uh, you know, had a little humility and, and, uh, and worked his ass off.
01:01:39.760
And, and that's, that must've been heartbreaking though.
01:01:41.500
You have your family going, you know, you're working so hard on something you're inventing, you're creating something.
01:01:57.500
But from that, my father created a product called the K40 CB antenna that guaranteed,
01:02:02.100
it was guaranteed to transmit further and receive clearer than any other antenna.
01:02:05.640
And he sold them, uh, over the telephone to independent dealers.
01:02:09.300
And, uh, and that became a, that became a successful business.
01:02:12.160
And so, yeah, dad, dad ended up doing well, but I was gone.
01:02:15.180
I, I mean, like I told you, I was raised, we didn't, we didn't have stuff.
01:02:19.280
I think my younger brother and sister had a little, a little, a little cushier time
01:02:24.980
Um, do you think your dad felt achieved by the time he had passed away in his life?
01:02:32.580
I would say, was he content, you know, as content as any man can be?
01:02:39.720
Cause contentment, you know, contentment is fleeting.
01:02:46.900
So, you know, I would say at moments he felt, but I might,
01:02:53.480
but to be able to fill that, I bet to be able to be it and then actually kind of stuff it
01:02:57.900
with the right cotton, you know, by the end of the line, I bet that probably felt pretty
01:03:03.060
My, my, my dad was proud of himself and, and, and he should be, he, he rocked it.
01:03:07.180
I mean, he set the foundation for me to do what I did and I would listen to him when
01:03:12.740
He's on the phone all the time and, and, and, and doing his books after he, after he didn't do
01:03:17.520
And, you know, I learned to do my books cause I knew I had to know my books.
01:03:20.340
And I know one of the kids said, you know, what do you got to do to be successful?
01:03:23.640
You got to have a better product than everybody else.
01:03:25.320
You got to know your costs and you got to outwork the competition.
01:03:27.800
And if you can do those three things, you can be successful, but you got to be willing
01:03:34.360
You got to get in there and be uncomfortable when most people don't want to be uncomfortable.
01:03:41.820
Look, I mean, I remember walking out of, uh, you know, Joe Rogan studio and being like,
01:03:48.440
And, and, um, and then I remember thinking, well, how could I do that?
01:03:53.000
And I started doing some podcasting in my kitchen, you know, and just kind of built it
01:03:58.100
And I would get one on my, you know, bought a camera and got a, you know, just a thing on
01:04:02.180
And then my computer would record also stay up, edit it, put in the music.
01:04:06.760
And then one day some people started listening, you know, putting it out there, putting the
01:04:11.220
And then a guy called me from this place called gray block pizza.
01:04:14.540
And in LA and Bend, Oregon, they have a branch and they were our charter sponsor for years
01:04:20.540
And really that's where the term get that hitter came from, which is, uh, now one of our main
01:04:25.900
But, um, and he's still right now your, your guy.
01:04:31.460
And he said, you know what, man, I believe in you.
01:04:33.900
He goes, what you need to get, you need to get a studio.
01:04:35.740
You know, you just, and he goes, I'll give you a thousand dollars a month.
01:04:38.840
And I said, well, man, I, you know, if you give me a thousand dollars, I'm gonna keep that
01:04:52.620
But if you get to here, you're going to be fine when you get there.
01:04:57.580
You know, you just never, and it wasn't a big jump, but it was, yeah, get in a place.
01:05:02.860
The first studio we released was, uh, take away this little enclave.
01:05:08.100
And man, we had some amazing guests came in there.
01:05:13.060
Jordan Peterson, who's one of the premier like, uh, speakers and, and, and orders and, and
01:05:20.480
Um, Burt Kreischer, Tom Segura, just, we had amazing guests in this little bitty space,
01:05:29.880
But yeah, we moved from our kitchen over to another place.
01:05:32.020
And then now we have two studios now and we have two podcasts and it's definitely, it's
01:05:38.840
You know, you don't get to just sit there and be the fun guy sometimes, you know, you don't
01:05:42.520
get to be the, you know, some friends of mine have been in sitcoms and they say, once
01:05:47.500
you get in the sitcom and it's about you, you don't get to be the guy telling the jokes.
01:05:51.060
You're the guy in the middle that everybody around you is telling the jokes.
01:05:53.900
And sometimes I think some of business starts to get, get to be like that.
01:05:58.060
You don't get to be as much the, the goof anymore, a hundred percent of the time.
01:06:03.140
Cause you gotta be the glue a lot of the times, you know, or try to be both.
01:06:08.660
And it's different things at different times, right?
01:06:10.800
Sometimes you need to love, sometimes you need to motivate and sometimes you need to
01:06:14.680
And sometimes you need to celebrate and it's a, it's a, it's a balancing act, man.
01:06:21.600
I think a very similar story, just different medium.
01:06:25.260
You're doing what you're doing with your intellect and your comedy.
01:06:28.440
And, uh, you know, it's the, it's the, it's the thing of self-serving.
01:06:31.800
It's like, how do I put out something that's good?
01:06:35.520
Were there times where you were too meticulous?
01:06:37.660
Cause I find that in myself sometimes I'm too on top of people about things.
01:06:42.080
And it almost just, it like debilitates me sometimes with the folk where my focus is
01:06:47.440
that overall it hurts things, you know, 100% use, you know, was I, was I ever too meticulous?
01:06:56.500
So when the business got to be, you know, approaching $3 billion in sales, almost 3000
01:07:03.560
And I mean, this thing was, we were opening 30 stores a month, selling 45 new deals a
01:07:10.360
I wouldn't even go to sleep if I was doing that.
01:07:14.240
And when I actually talked to James North today, who's the current brand president.
01:07:18.640
Um, and, uh, as I talked to him today, he's a real strategic big thinker and I'm, I'm an
01:07:30.220
You know, let's, uh, let's, let's make the lights brighter.
01:07:32.320
You know, I'm a real sort of a pragmatic operator and James was a real strategic thinker.
01:07:38.240
So I was focusing so much on, on, on little stuff that I was missing sight of the big stuff.
01:07:45.300
And so for me at the time that, I mean, how I got it as big as I got it, I have no idea.
01:07:50.620
I got so lucky and selling it and, you know, and, and, and doing the final deal in October
01:07:55.540
of 19, you know, before COVID and everything, I got lucky, but, but I was not, uh, I got way
01:08:03.360
The lawsuits were personal for the, for, for, and for big companies, lawsuits aren't personal.
01:08:07.520
For me, it was another attack on me, another attack on me, like the shark, another attack
01:08:22.760
It's like, we just have a, a, a advertising plan.
01:08:26.920
So, so, so, so I just, so when I, when you take things personally, if you work real hard
01:08:32.500
and you started from the grassroots, it's all personal to you.
01:08:39.620
And I'm actually, when the, when the sale first went down, it was weird, man.
01:08:53.540
I'd love to tell you, but I'm, you can't tell, but it's confidential.
01:08:57.100
So you guys sold, but now when you sell, then let's go to this.
01:09:02.480
Are you still, do they, are you still questions?
01:09:09.080
So you said like, Jimmy, when did you start to think about getting in under other businesses?
01:09:12.420
You asked me that earlier in 2007, I sold 28% of the business.
01:09:16.980
And so I had a chunk of dough and I didn't know how to invest.
01:09:25.680
My brilliant Jewish partners, they're awesome guys, Michael Lazarus.
01:09:45.560
So, so I started thinking about other businesses and, you know, at that time I sold 28% of it.
01:09:50.720
And then in 2006, then I gave my employees 7% of the company and I still own 65%.
01:09:56.960
In 2016, I sold 30 points of my 65 points to a company called Rourke Capital.
01:10:03.360
And they own, you know, they, they, they, they, they have like 30,000 restaurants.
01:10:07.520
They own, they own Aunt Anne's, they own Carvel.
01:10:09.800
They have a, a, a, offshoot Inspire Brands who we merged with.
01:10:13.600
They have Arby's, Buffalo, Wild Wings, Sonic, and Jimmy Johnson now just bought Dunkin' Donuts, right?
01:10:18.760
So, so I sold, so I sold 30 points to them in 2016.
01:10:22.540
And then 35%, I merged my final 35% with Inspire Brands.
01:10:27.900
And so now I'm a, I'm a large shareholder of Inspire Brands.
01:10:31.360
And so that's how it works and that's how it worked for me.
01:10:39.260
Are you pleased with how you did it looking back?
01:10:45.480
Well, but, but when you're perfection, when you are someone who's to the minutiae, are there
01:10:48.800
things that, are there things you would have done any differently looking back?
01:10:52.700
Cause look, man, I'll be laying in a fucking gold coffin complaining about something.
01:11:04.820
But, uh, um, you know, are there things that I wished I did different?
01:11:09.980
You know, I, I wish I, I wouldn't have, uh, I, there's a lot of things I wish I would
01:11:13.780
have done different, but you know, that, that, that's the beauty of life.
01:11:16.200
And that's, that's the beauty of age and wisdom and, and, and, and, and with, with wisdom and
01:11:22.000
And, and, and my brain, I got a side of my brain that's been able to grow now that, that
01:11:29.100
The noise was so intense and, and, and the noise was just so intense.
01:11:32.960
And I mean, my, my resting heart rate, when I wake up in the morning, I was under 60 and
01:11:40.920
So it's, it's, uh, the noise is gone and the peace is here and, and, and, and my family's
01:11:47.800
And my timing, I got lucky with my timing, Theo, give me a break.
01:11:55.220
Sometimes you put a hundred bucks on red when you spin the wheel and you hit red.
01:12:02.520
Sometimes there's even this weird like thing about taking like luck, you know, it's like, it feels
01:12:06.580
like it wasn't like yours, but yeah, it's like, you got to take that, man.
01:12:10.640
Cause it'll get, it could just as easily go the other way.
01:12:16.020
Let's take a question right here from a young fellow right here.
01:12:28.900
So I love a turkey tom with onions and oil and vinegar added to it.
01:12:32.720
I love a turkey tom that way, but if you get it that way, you got to eat it immediately.
01:12:37.420
My go-to sandwich is the new East coast hoagie.
01:12:40.040
So you got to get the new number seven East coast spicy hoagie.
01:12:45.340
I think it's the best sandwich that we've ever, we've ever done.
01:12:47.980
I like the Frenchie a lot, but inspire brands got rid of it.
01:12:53.660
I've always gotten the turkey tom except for the last couple of times I went, I got a club.
01:13:02.080
So, but I, um, I've been a turkey tom guy my whole life, man.
01:13:05.500
I'm a real, I kind of stick with what works for me, you know, uh, so you're 40.
01:13:11.580
You know, now that I re I'm just sitting here thinking Jimmy John's is part of your whole
01:13:16.140
Jimmy John's was only part was half of my life.
01:13:21.360
I just realized you were, you were grew up with it, dude.
01:13:24.740
So if I'm a tourner, I'm in a different city and I, wherever I get the first thing on my
01:13:28.780
way into town, I will see if they have a Jimmy John's.
01:13:31.740
I'll just have them bring one right to the hotel.
01:13:33.180
So when I get there, I have a Jimmy John's man.
01:13:34.600
It's one thing that I do feel about Jimmy John's is it is as reliable of food that exists
01:13:43.500
I, every time it's going to be the same and it always gets there fast, man.
01:13:50.680
The other shit, I don't know what's going to happen.
01:13:52.380
People, somebody might get shot on the way, deliver.
01:13:57.060
Now I had, I actually got, I had, got a, I hooked up with Jared from Subway's sister
01:14:04.300
So I've had some, some unique interactions with some, you know, with some sandwich experiences
01:14:08.180
But, um, and then I used to talk about Quiznos a lot of times.
01:14:14.800
And here's why I think, and this just is a straight male, you know, Quiznos, I would go
01:14:25.720
But the problem with Quiznos was there was just men in there eating them.
01:14:29.360
So when you have a toasted sandwich and you're like bringing it up to your mouth and it has
01:14:33.840
like this kind of like this big open mouth kind of vibe and you're just sitting there,
01:14:37.560
there's other men in there, you're just looking at each other.
01:14:39.260
It had this extremely homoerotic vibe for me at Quiznos and I wouldn't, bro.
01:14:44.740
And I think I really believe that it hit a lot of them in that way.
01:14:47.040
And it, it just, it, it kind of made it too tough for me to go get Quiznos.
01:14:52.500
And sometimes the, the, it would burn my mouth.
01:14:55.120
It would like kind of chat me up a little bit and it just felt kind of homoerotic eating
01:15:05.460
I never, this first time I ever heard this in my life.
01:15:07.500
Oh, this is a big theory out there, but a lot of women won't go get a toasted sandwich.
01:15:12.520
You know who does a good toasted sandwich is Potbelly.
01:15:18.740
But, um, but anyway, those are just some sandwich experiences that I've had.
01:15:22.760
But did you, uh, was there another sandwich place that you really enjoyed over the years
01:15:25.980
or another business that you watched grow over the years?
01:15:28.540
Yeah, I think that, uh, let's, what, what businesses, I think Pret-a-Mange does a great
01:15:45.440
So my friend Dick Portillo, he sold about the same time, just about a year before I did.
01:16:00.700
So, I mean, what they do, I mean, my pleasure is getting a little old, but I respect it.
01:16:06.380
I guess Freaky Fast could be getting pretty old do, but, um, I think Chick-fil-A is incredible
01:16:11.400
I think McDonald's new quarter pounder with cheese with the fresh burger.
01:16:23.560
I mean, it's kind of a grilled cheese sandwich flavored with vegetables and a little bit of meat patty,
01:16:34.200
Was there a good brand that came through that didn't make it that you were like, man,
01:16:52.480
Bro, if Popeye's made a heroin, dude, I don't think America would exist anymore.
01:16:57.480
But yeah, there, there's just something about there.
01:17:05.820
So living, growing up in that area, he put the big Christmas lights up by the edge of
01:17:10.240
the lake and people would get pissed cause they had to drive their car by him.
01:17:13.480
And then like, people were like, I'm getting old.
01:17:17.020
So there was always, he was always this like flamboyant, like, uh, bigger than larger than life.
01:17:22.420
He was like, that was like my dad, but go ahead.
01:17:27.880
Like the big Christmas lights and we're doing this and we got to, you know, you felt like
01:17:32.560
he had a cigar in his hand, even if he didn't have it in his hand, you know, he was just
01:17:41.800
He would take hot girls back and forth from our town over to New Orleans and then bring
01:17:50.040
And I ended up creating a, or being part of a offshore powerboat with the Jimmy John's
01:17:55.140
And we won the world championship three years in a row.
01:17:57.520
And I, that was all inspired by that dude, Al Copeland.
01:18:01.120
I thought it was the coolest thing in the world, man.
01:18:19.680
He was a, he was the legend around our town, around our area growing up because he was
01:18:24.000
just, he bought this big place right when you got off of the Causeway Bridge in New
01:18:28.060
Orleans and they had, he put all of his boats in his truck.
01:18:32.600
He put it just, it was in these big glass windows.
01:18:34.840
You could just see when you drove by for no real reason, but just to be like, Hey, this
01:18:42.020
Um, did you, um, were there some, what are some other big entrepreneurial type guys?
01:18:47.000
I'm sure you, that's one thing that's probably happened that maybe you didn't even expect
01:18:49.700
is like you probably got to cross paths with just some amazing entrepreneurs over the
01:18:54.260
And you know, I'm, can I do a shout out to somebody?
01:18:56.520
So it's 1987 and my father knew this guy named Jamie Coulter, who's a pizza hut operator
01:19:02.640
And my dad asked him, he, and he met him and my dad was in this YPO group I told you about.
01:19:07.500
And my dad asked Jamie to visit with me and talk me out of these dumb little sandwich shops
01:19:12.620
I had three of them at the time or four of them at the time.
01:19:14.820
So I met Jamie Coulter and Jamie at 25 pizza hut stores.
01:19:19.080
And at the time he made twice as much money at his pizza huts than the chain average.
01:19:23.140
And we're talking together and he called my dad and he said, uh, uh, big Jim, he says,
01:19:28.460
He said, your son believes in what he's doing here and I'm going to champion him and support
01:19:32.060
him because he believes in it and he can do it.
01:19:33.860
So Jamie Coulter ended up building those 25 pizzas to 125, sold them, created Lone Star
01:19:39.640
Steakhouse, created Sullivan's and then bought Del Frisco's.
01:19:43.420
And Jamie's been my, been, been my mentor since 1987 and he's now just turned 80 years
01:19:49.380
old and he is a young 80 and he is, he has coached me my entire life.
01:19:54.020
He's taught me, he's taught me how to, how to, how to tie a tie, how to, how to drink wine,
01:19:59.100
how to, how to, how to, how to talk to people, how to, how he, he's taught me about life.
01:20:03.280
He, he, he's, he's been a, he was a, he was with me.
01:20:09.680
And he and I are partners in a new brand that, that's called Seven Brew out of Northwest
01:20:15.780
So we have nine little drive-through coffee shops and, and so he's my partner in that.
01:20:20.260
So that's a, that's a new venture that we're doing.
01:20:23.060
And then I have met so many of the, of the great entrepreneurs in America.
01:20:28.060
I mean, I don't, I don't, you know, Dick Portillo from Portillo's Hot Dogs.
01:20:31.580
And, um, uh, I mean, I've, I've, I've, I've met the Koch family and I, I met, uh, uh, uh,
01:20:37.680
Henry Kravis from, you know, the KKR and George Roberts and from those guys and date James Coulter
01:20:43.280
from TPG and, and so many, I mean, it's endless how many entrepreneurs.
01:20:48.980
And then I, and then I was fortunate enough to, to be nominated to the Horatio Alger Association.
01:20:56.020
And just in that, in that alone, I mean, it was, it's me, it's the CEO or the, the,
01:21:02.080
It's, uh, Roger Penske's there, Peyton Manning, you know, it was just crazy company.
01:21:14.080
Do you find it hard to talk to some of those people in certain circles or is it not really?
01:21:18.860
Do you find, cause like, what are you gonna, I don't know what I would even say to.
01:21:22.480
They are so refreshed by refreshed people that don't have an agenda.
01:21:26.640
I'm not, I'm not, I'm, I'm not beholden to anybody.
01:21:34.380
And, and I, and I'm always helped when I can be helpful.
01:21:36.840
I'm not virtuous, but I am just a, just a, just Jimmy.
01:21:39.920
And so when I talk to somebody, I think when you talk to them real, I think their guard goes
01:21:43.680
And then I think they kind of want to peel off and like hang with you and say, you know,
01:21:50.320
And I, they, they are very endearing to me when I meet high level people.
01:21:55.620
Um, they, they're, I, I seem to be able to just talk to them and I talk just like this.
01:22:00.840
And I don't think that most people talk just straight up like this.
01:22:04.440
And, and I find that, uh, it's really, really easy to the, the more you are you, the more
01:22:11.420
And, and you, you, they realize you don't have an agenda and they just shine.
01:22:14.920
And I think that's with any human being, not, not wherever they are.
01:22:17.860
I think all human beings react to authenticity and genuineness and real man.
01:22:26.420
There's something new about, uh, I think, especially in this day, in this age about vulnerability
01:22:30.780
and how that is becoming like a commodity, you know, or just being able to relate, you
01:22:37.640
know, or, Hey, I think vulnerability just saying, look, this is kind of where I'm at.
01:22:40.900
This is like some of my things that are going on.
01:22:44.840
This is some way I think it's why podcasting has done so well because there's just more
01:22:51.480
Um, like there were some, like I, I, part of me for a long time, wish that Bernie Sanders
01:22:56.080
and Donald Trump would have had to been on the same ticket because I felt like they were
01:22:59.980
such opposites, but it would be great to see such opposites on the, have to work together.
01:23:04.260
That is fascinating to then make a move forward.
01:23:08.420
And I've always thought that maybe, why does the vice president just get to be the same?
01:23:11.360
Like, let's pick the, let's give an antithesis so that there's some real vitriol between
01:23:17.960
the two heads before they really make some choices.
01:23:20.560
But, um, boy, that is amazing that you, what, what a way to think that would have been
01:23:28.280
I think Bernie and president Trump might've really done a great job together.
01:23:31.880
I agree too, because I think Trump had an inability to kind of just, he just, he was
01:23:36.620
just a, you know, he's a great business guy, but his, I think he's just his, his way of
01:23:43.140
And I don't want to get into that, but, um, but talking to people that are, when you're
01:23:47.380
authentic, people dig it, dude, people, people dig when you're real and they know if you're
01:23:52.900
People tell if you really care, people know you care.
01:23:55.340
And if you care, people will talk to you and they'll respond as long as they're in a place
01:24:01.040
And, you know, and I think that the, the people that are more present and living in, are those
01:24:04.620
other people you want to talk to anyway, those that are so caught up in this world of, of
01:24:08.860
electronics and all that, as much as they are the new, the word you told me, it's the new
01:24:15.000
Tech is the new, that's, that's my gem that I got from Theo today.
01:24:18.960
So, you know, but I think when people are, are, are, are living real, they're, they, they
01:24:24.120
And I think that everybody at different times in their life has different, you know, they're
01:24:29.000
So yeah, you have to be, not only do you have to be in front of something that's going
01:24:32.480
to affect you, but you have to be open to, there's only, that's the funny thing.
01:24:36.980
A hundred people can tell me the same thing, but it's that one moment where it just gets
01:24:40.360
through whatever the chasms are, the way they're lined up and where it really hits.
01:24:49.220
So I was at McCormick Place and there was a, and my buddies have a beef jerky company
01:24:55.140
And it was from up in Northern Wisconsin where our camp is, where Bishop Gunn played, right?
01:25:00.120
So they were at McCormick Place and I had Bulls tickets.
01:25:02.700
I was living downtown Chicago and Michael Jordan was playing.
01:25:05.700
This was back in the, back, back in the late nineties.
01:25:16.080
And your, your, was your, you weren't, your brand wasn't doing good then?
01:25:20.460
I had, well, I had like 17 or 18 stores in the late nineties.
01:25:25.900
Oh, I thought I was making money out of my company stores.
01:25:28.080
I was, I've been, I've had, I've been rich for a long time.
01:25:32.220
I thought, I didn't know that your business aligned, uh, your, some of your early success
01:25:35.360
aligned with, uh, when the Bulls were still playing.
01:25:37.820
Well, remember I had my company stores and even though the franchise stores, I had 76 failing
01:25:42.840
stores, I was still getting paid because they had to pay me a royalty.
01:25:48.260
We need to stop this truck and we need to refuel it.
01:25:53.820
But so anyway, I'm at McCormick place to add a, at a, um, a grocery store show and the
01:25:58.480
link boys have their beef jerky booth and they're hustling jerky at their grocery store
01:26:04.060
And so, and I said, and I had four Bulls tickets.
01:26:06.440
So I always kept two and sold two and it paid for my tickets.
01:26:12.740
He says, I got this girl that's working at Wells blue bunny ice cream booth right there
01:26:18.340
He said, you know, can I said, well, let's go check it out.
01:26:20.980
So we walk over there and this redheaded girl is there and, and with this blonde headed
01:26:26.680
girl that Jay was going to take and, and they were friends.
01:26:29.200
And I said, would you like to go to the Bulls game?
01:26:34.600
So we all four go to the Bulls game that night.
01:26:39.300
We went to the Bulls game and at the United Center, they sold these.
01:26:42.860
These Bob chins, my ties, and you could get an extra floater in there on the top for
01:26:48.180
So by the second one, I was irresistible and I got the hand on my knee.
01:27:00.620
So anyway, I got the hand on my knee and we went to Gallagher's in the corner of Racine
01:27:04.360
and, uh, Racine and Altgeld in Chicago to Gallagher's.
01:27:09.340
And we went to the bar after the Bulls game and walking back to my house, we totally made
01:27:13.840
And, uh, and then she came back the next weekend for the restaurant show, which, and, and,
01:27:18.140
and she was doing the Wells Blue Bunny ice cream booth at the, at the restaurant show.
01:27:21.900
And were you at the, did you have a booth at the restaurant show or no?
01:27:25.920
So I go, so I, I took her, I took her out Friday night and I said, listen, it's 10 o'clock.
01:27:34.240
I, I, you've got a, a, a boyfriend and, and, and I, I just can't do this and I'm taking
01:27:46.100
So I came to get her and that was, that was, and then she moved to Chicago a month later.
01:27:53.740
And she had a, she had a four-year-old son and his name was Spencer and she was 22.
01:27:58.120
She had him as she was a freshman in college and had a child.
01:28:09.660
She got a four-year-old there and I was lucky enough to adopt him.
01:28:19.640
We've been through everything that a couple can go through, dude.
01:28:24.060
We love the shit out of each other and, uh, and we're rolling.
01:28:32.720
So if you, uh, after, uh, let's go to this question real quick and then I'll ask one more
01:28:43.600
I just wanted to hear your guys' thoughts on this tattoo I've had for about 10 years now.
01:28:54.500
I guess that's a hand he eats his subs with, that left-handed sub eater.
01:29:04.360
And actually, I feel like they could have done the artwork a little bit better if I'm really
01:29:08.460
But at the same time, I totally respect it, man.
01:29:12.140
Um, have you seen a lot of people over here that have done some weird things like that
01:29:15.220
Or not, and I'm not saying you're a weird brother, but are there people that have really
01:29:19.060
Buddy, I used to do a convention in Vegas every two years and we'd have three, four thousand
01:29:25.460
And, and I, and we, I'd give away prizes and Rolexes and recognize great performers and
01:29:32.400
Kid Rock would come play or Zach Brown would come play.
01:29:36.420
And, and, uh, man, I saw some, I saw some big Jimmy John tattoos in some crazy places.
01:29:41.940
And, and I'm sure that they're sorry that they put those JJs where they put them because
01:29:54.100
I've seen some stuff that's not on the menu for sure.
01:29:57.460
Um, all right, let's take one more here and then I'll hit you with a question and we'll
01:30:02.960
So my question for you is what's the craziest customer experience that you've ever had?
01:30:07.700
Um, I think mine would be when I worked at Jimmy John's in downtown Wilmington.
01:30:12.120
Um, it was the first night me and my manager, you know, working there till three, four in
01:30:16.620
We got those bar drunk people coming in and one guy had ordered and he comes back up and he
01:30:21.380
goes, Hey man, I think some, uh, naked guy just came in through the back and went upstairs
01:30:29.360
And, uh, so I go get my manager and next thing you know, he goes upstairs and he's bringing
01:30:33.140
out some naked guy and I'm like, what is going on?
01:30:45.260
I'm sure you do right there and, uh, and, uh, you're anything that stands out, buddy,
01:30:48.680
there, there has been so much wildness that I have seen 36 years on college campuses with
01:30:55.280
I've seen porn on the internet done in Jimmy John's bathrooms and that, which has been nicely
01:31:02.380
Uh, uh, I have seen, I have seen, I have seen stuff I've seen.
01:31:14.400
I think that you mix alcohol and late night and, and people, I think that people just
01:31:19.140
like, like you said, turn into raccoons and they start doing, you know, they start crawling
01:31:24.940
Oh, you'll find your fucking cousin in the recycling bin, dude.
01:31:27.760
If you fucking, if there's enough drugs and booze around.
01:31:31.480
Um, what about, uh, what about, so in life, you know, you've, I feel like for me, I noticed
01:31:39.140
in my life, there's like a, I found like an, uh, like I, in the past two years,
01:31:43.000
I've started to make a little bit of money in my life and I never had any money and money
01:31:46.380
was always, and I think in a lot of people's lives, it's always, it's a goal.
01:31:51.620
It's a, and I don't know if it was my motivator.
01:31:54.280
I think some type of a success was maybe my motivator and I've achieved some success.
01:31:58.500
But I felt like it's not as, there really isn't, it's not as joyous as you would, it
01:32:07.820
doesn't pay off really exactly like you've kind of, I, for me, it hasn't paid off exactly
01:32:17.780
Let me tell you, so I'm 16 years, I'm 56, you're 40, right?
01:32:21.320
So here's, here's, happiness is hard work, brother.
01:32:38.820
You got to keep your house in order, keep your life in order.
01:32:41.300
And you want to, and I have to hang around people that I aspire to be like or want to be
01:32:51.040
And, and you got to have a little bit of fun and you got to forgive yourself for being
01:32:54.480
human when you over season your steak, which we happen to do once in a while as human beings.
01:32:58.780
And you can take that any way you want to take it and forgive yourself so you can get
01:33:02.380
back on the track of happiness and happiness is hard work, man.
01:33:08.660
I'm a, I'm a, I'm obviously a billionaire, right?
01:33:11.360
And, uh, uh, but you know, you can have, you can have 10 cars and, and 10 boats and 10 houses
01:33:18.320
and you can, you can, you can eat yourself three chocolate cakes and six Big Macs and
01:33:23.080
six Jimmy John subs and you're going to feel like shit.
01:33:26.620
And it's going to be horrible and you're going to be a one horrible rich motherfucker.
01:33:35.340
I mean, real, not baloney bullshit, you know, right.
01:33:38.580
You party, that's fine, but real contentment, happiness, man, it's hard work and it takes
01:33:45.620
And when you do it, you know, when you do it every day or have a presence of it and
01:33:48.720
then you have better weeks and then you have better months and you have better quarters
01:33:53.240
You know, I wish I would have known this 10 years ago.
01:33:55.720
I'm learning this now since I don't have all that, the pressure of Jimmy John's.
01:34:02.080
I don't know what's for you, but this, this is the wine I like to drink.
01:34:05.480
I'm not going to tell you what kind of wine you like to drink, but this is, you know,
01:34:19.160
What's all that shit they're doing in the restaurant?
01:34:21.520
They're making all that stuff up because I felt so stupid with wine, right?
01:34:25.220
Now I own a couple of wineries and we do very well, but that's besides the point.
01:34:29.740
So, you know, it's, it's whatever it is to you.
01:34:31.700
But for what I found is, you know, I've been rich for a long time and, uh, in my, in my
01:34:37.880
And, and, uh, I made my first million dollars in 93 and had no debt, you know?
01:34:50.180
And those bankruptcies scared me and I was poor and I didn't ever want to be poor again.
01:34:54.600
And, uh, so I was a real saver and still am a very conservative.
01:34:58.420
I only invest in things that I totally understand, you know, or a person that I totally understand.
01:35:03.820
I, I really tend to bet the jockey, not the horse.
01:35:10.180
The list is if you want to, uh, if you want to have happiness in your life, I feel like
01:35:16.260
you started off by making a list of the things you needed in your kitchen.
01:35:20.520
And I feel like you kind of ended up by giving us a list of your experience of the things
01:35:25.620
that we need if we want to, you know, have some sort of happiness, you know?
01:35:29.240
Um, is that your, is that, do you feel like that's where you're, a lot of your motivation
01:35:36.140
Like finding, uh, just feeling good, finding some happiness?
01:35:40.080
I think contentment, Theo, I think that, um, you know, um, private planes are convenient,
01:35:46.900
but you can be miserable in a private plane, you know, all those, all those perceived, you
01:35:53.140
Or, or whatever Hollywood amenities, all those things are great, but, but to feel good, you
01:35:59.980
And so I'm filling in a lot of, a lot of gaps that I, that I wasn't able to do because
01:36:04.660
I was fighting the battle for 36 years and I was just overwhelmed at the end.
01:36:10.040
And so I was, I was like drinking through a fire hose and now, you know, really being
01:36:14.460
addressed my weight, my health, and really every single day through this, thanks, this,
01:36:19.200
this hunting season and Thanksgiving and Christmas and, and really trying to balance myself, man.
01:36:24.260
Uh, I've done a better job this year than I've ever done in my life.
01:36:26.980
Like this is, this is my, the best life that I've ever lived.
01:36:31.360
And I think a year from now, if we had a podcast, I think you'll see me 20 or 30 pounds lighter.
01:36:35.800
And, and, um, and it's just what I'm doing right now.
01:36:43.120
It feels really shitty when I drink a bottle or two of tequila, which I did last week with,
01:36:47.720
uh, with Bobby and, and, uh, and Clint Boyer, we went hunting deer in Texas and we drank a
01:36:53.280
And, and man, I paid the price for three to three days.
01:36:56.220
I mean, hangovers at my age are, are a week now.
01:37:00.060
Oh, hangover, your stock will dip, you know, you know, um, so anyway, yeah, man, I just
01:37:06.360
see, you know, a little peace and contentment and relationships with my kids and, and, uh,
01:37:10.580
just moved to Franklin, Tennessee and, and June.
01:37:15.980
It's, uh, the neighbors, we, we, we, we, we get to our house.
01:37:19.620
The neighbors bring over a fire pit made out of iron that a local guy welded and, and eight
01:37:25.020
Adirondacks chairs and a stack of wood and set it up and brought a cooler, a beer and said,
01:37:30.860
I mean, this, where I live, I live in America, man, this is America where people love each
01:37:35.280
other and help each other and look after each other.
01:37:37.580
And that's how I felt coming here to Nashville and, and, and Franklin.
01:37:43.840
And, um, yeah, I'm going to bring my whole, um, bring everything down here.
01:37:47.260
And so, uh, yeah, we're, we're definitely dipping our toe in it for sure.
01:37:51.660
We wanted to kind of make this like a, have a different option.
01:37:54.320
You know, we had a mortician come on from Kentucky and he was like one of our best guests
01:37:59.880
He said, if you kill somebody, man, kill him in like kind of a rural area, because a lot
01:38:03.620
of times it goes straight from the policeman to the mortician.
01:38:07.140
So there's not a lot of interior detective work.
01:38:10.040
So if you can trick that first policeman into thinking, oh, this is a natural cause, dude,
01:38:14.680
it's straight to the mortician and it's straight to the ovens, bro.
01:38:18.180
You know, that guy's making a different kind of bread, but you know, uh, but anyway, so just
01:38:23.220
some of the things we had, um, a female trucker on.
01:38:26.940
We're just trying to get back into just like people that are hardworking people that, uh,
01:38:31.480
you know, just capturing a strong bit of a sense of America that still left, you know?
01:38:37.420
Do you believe that entrepreneurial spirit in the American dream is still alive?
01:38:43.300
I think that, um, I think that there were some unintended consequences of some decisions
01:38:47.620
that were made by some people that didn't run businesses, but made business decisions.
01:38:52.420
And I, I believe everybody deserves happiness, right?
01:38:57.580
So when, for example, the minimum wage, you raise the minimum wage to 15 bucks.
01:39:02.420
And then you, and then you throw COVID on top of it.
01:39:04.920
Every small mom and pop business in America is done.
01:39:07.580
And so they wanted to make sure that the small guy could make a living wage at 15 bucks
01:39:15.640
You know, so such a virtuous thinking, but look, who's got all the money now.
01:39:21.160
And then every time one of these little mom and pop shops is selling on Amazon, as soon
01:39:24.720
as it reaches a certain level, Amazon just knocks it off.
01:39:27.500
And then there's something, the mom and pop shop is gone.
01:39:30.160
So it was the minimum wage, really a good thing.
01:39:32.900
Well, the, it was a good idea, but the function, I mean, wait till you see what happens
01:39:38.360
So there, there's some, there's some, there's some, you know, I think the entrepreneur spirit
01:39:43.260
And I think that, that, that it's going to be there always, you know, as long as everything
01:39:49.040
is fair and we're playing with the same set of rules and elections are fair and it's real
01:39:53.120
and, and that everybody, you know, has to play with the same set of rules.
01:39:57.060
As soon as there's two sets of rules, that's when there's going to be problems.
01:40:00.100
So we need to get back to, you know, we need to, you know, fences make good neighbors.
01:40:04.480
We need, we need to have the same set of rules, I think.
01:40:08.560
Do you feel like someone could, that, that, what will happen to entrepreneurs after we
01:40:12.900
Do you think there's going to be a good opportunity for people that want to start something?
01:40:17.660
I think there's going to be a huge opportunity.
01:40:19.160
You know, the opportunity, Theo, the opportunity is also in the trades, man, the electricians
01:40:23.980
and plumbers and construction workers and the real and the pipe that these guys, the
01:40:27.980
opportunity in that stuff is going to be astronomical.
01:40:30.360
It's because things, no matter what, things have got to get built.
01:40:33.640
So I think, I think that the wage and that stuff is going to be up, up north of a hundred
01:40:38.880
I think that, that, that entrepreneurs that haven't got their ass kicked really hard and,
01:40:43.080
and, and, and, and, and, and, and aren't licking their wounds, they're going to be ready
01:40:47.000
You know, I'm jumping back into this new coffee business and I'm really excited about it.
01:40:53.320
Keep my, keep my, you said Northwest Arkansas, they just started?
01:40:56.180
So do you guys want to support a Jimmy John brand or it's Inspire Brands?
01:41:02.100
Seven Brew is myself and Jamie Coulter, my mentor and a couple of buddies.
01:41:14.720
All the, the dream guests that we've wanted over the years, we've had three of them and,
01:41:18.940
and they've all happened now, which is really interesting.
01:41:23.040
And, and no, it's just good to hear from you because I feel like you've been through, it's just
01:41:27.080
like you said, you have to get burned in a few leases to know if the lease is good.
01:41:30.020
Like you've been through the burned leases to be able to look at the rest of us and say,
01:41:33.580
Hey guys, things, you know, it just, it hits us in the spirit.
01:41:39.060
So you can, um, Jimmy John, thank you so much, man.
01:41:45.060
And, and, um, I appreciate you being here and we'll have to go, go, uh, do some fishing
01:41:50.320
It's really a pleasure to be here and a real honor to be here.
01:41:53.680
My kids think you're a rockstar and you are, you're a real humble, smart, witty, uh, guy.
01:41:58.700
And I appreciate your interest in, in having me here.
01:42:06.800
And we'll, uh, when Bishop Gunn gets back together, we'll go to one of their shows.
01:42:10.000
Now, I'm just floating on the breeze and I feel I'm falling like these leaves.
01:42:20.900
Oh, but when I reach that ground, I'll share this peace of mind I found.
01:42:30.620
But it's gonna take a little time for me to set that parking brake.
01:43:11.940
On the runaway train with a heavy load of my past.
01:43:22.740
They're worn so thin that they're damn near gone.
01:43:27.600
Ladies and gentlemen, I'm Jonathan Kite and welcome to Kite Club.
01:43:32.260
A podcast where I'll be sharing thoughts on things like current events, stand-up stories, and seven ways to pleasure your partner.
01:43:45.360
And as always, I'll be joined by the voices in my head.
01:44:02.980
Anyone who doesn't listen to Kite Club is a dodgy bloody wanker.
01:44:07.540
I'll take a quarter pounder with cheese and a McFlurry.
01:44:12.020
Sorry, sir, but our ice cream machine is broken.
01:44:18.840
Anyway, first rule of Kite Club is, tell everyone about Kite Club.
01:44:23.000
Second rule of Kite Club is, tell everyone about Kite Club.
01:44:27.240
Third rule, like and subscribe wherever you listen to podcasts or watch us on YouTube, yeah?
01:44:33.020
And yes, don't worry, my Brad Pitt impression will get better.