chris sorensen firehouse subs net worth

}, mpsopts = { script.setAttribute("onerror", "setAdblockerCookie(true);"); Theyre great guys that run a successful business and theyre not forgetting their brethren in Fire services. We have some close relationships with so many staff members, Sorensen said. Telemarketing. At age 80 and 77, they are still helping out the family business behind the scenes. Firehouse Subs co-founders Robin Sorensen, left, and Chris Sorensen, right, with Jose Cil, CEO of Restaurant Brands International Inc. RBI agreed to buy Firehouse for $1 billion. When they started franchising, Robin admits he found it hard because he is a "bit of a control freak." 'cag[related_primary]' : 'CNBC TV|How I Made My Millions' , Firehouse Subshas been called the "anti-Subway"because of its unapologetic hefty sandwiches. let cEnd = document.cookie.indexOf(';', cStart); They all spent time with Cil the past month to six weeks. 'id' : '43861805' , Average Firehouse Subs Salary $12.57 hourly $26,140 yearly Updated March 16, 2023 But the brothers believe that being broke led to the eventual success of their national sandwich chain. Now, the brothers have almost 1,100 Firehouse Subs restaurants across 44 US states, Puerto Rico, Mexico, and Canada. Quick Facts: Here are some interesting facts about Chris Sorensen: * He is originated from Denmark. In addition to TD Securities, Firehouse was advised by the Latham & Watkins law firm, said the news release about the sale. Sorensen was the last of the shareholders to sign off electronically Nov. 14, a few minutes before midnight. var d = new Date(); script.setAttribute("onload", "setAdblockerCookie(false);"); He said he will take time to find where they can help. Firehouse Subs come loaded with mayo so if youre not a big fan of the stuff, youd better tell them in advance to leave it off. They learned everything they needed to know from watching and helping their parents run their own TV business, Chris said. The brothers never wanted to become rich from their business venture. They worked within their budget and put their money into the business until it caught on and began to turn a profit. Chris, who stayed on the job, joined him in opening Firehouse Subs in 1994. Firehouse Subs works with the local firehouses to secure old pictures and get information so the mural is an accurate depiction that renders the respect due to each individual firehouse. There was a lot to do to make our announcements this morning, Fox said about 3:30 p.m. Nov. 15. mpsload.id = "mps-load"; By Monica Watrous. mps._queue.gptloaded = mps._queue.gptloaded || []; I dont want to grow a big chain again., I may go get a job tending bar somewhere. You wont need to worry about quality or freshness when it comes to the ingredients that are used in Firehouse Subs. But they were hesitant after two of their previous business ventures failed to get off the ground. The Sorensens own the supermajority of the stock. We felt like it was our job to try to make the right decision and put the business first. Dead or Alive? Each mural you see in their shops are unique, 13. That means as your money starts to come in, there's a better use for this thousand bucks, than putting it in our pocket, and the use is putting it back in the business. ;NREUM.info={beacon:"bam.nr-data.net",errorBeacon:"bam.nr-data.net",licenseKey:"356631dc7f",applicationID:"230538944",sa:1} In reviews, we couldnt help but notice that there is a big difference between the two. 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Not only that, he noted: Most founders are gone way before 1,200 restaurants.. }; He cited RBIs presence worldwide, which gives us the opportunity to expand faster than we ever would have on our own., Fox, 63, said he is energized and really looking forward to leading this team to new heights.. 'cag[configuration_franchise]' : 'Guest Blog' , It doesnt sound very sexy, but I signed it at my house and the other shareholders had signed it a little bit earlier, he said. He said staff came to headquarters. var dynamic_yield_enabled = 1 And that's tough. Join to view profile. Firehouse Subs focused on providing meat and cheeses in generous portions and up until 2014, they didnt offer a healthier options menu. 15 November 2021. I appreciate the continued investigatory interest., Sorensen said the only negative of the public announcement of a $1 billion sale was that everyone got to see the number., He said the family always has been private, as was the company. Published November 19, 2021 at 9:24 AM EST. Its everything we have. "),a=0;a'; It was announced to employees, franchisees and the world at 8:30 a.m. Nov. 15. [3] [4] Firehouse Subs has over 1,210 restaurants in 46 states, Puerto Rico, and Canada. Chris and Robin Sorensen of Firehouse Subs, Chris Sorensen and Robin Sorensen|Founders, Firehouse Subs. Sales for that store's first 12 months totaled $347,000. After knowing every steps of submitting your survey, official websites . 1 fan and always will be.. if (typeof(window._mpspixZ) != 'string') { I was 26 when we opened Firehouse and Im 53. Sorensen said RBI CEO Jose Cil had submitted a growth plan when he became the companys leader in 2019. Top editors give you the stories you want delivered right to your inbox each weekday. Sorensen said he will continue his investments in other businesses and some restaurants. } Camp Sorensen is an example. Access your favorite topics in a personalized feed while you're on the go. They offer some of the best, Read More Techwalla is Becoming a Name in the Review BusinessContinue, Smart Eye is a tech startup that has been making the news in business circles with its innovative new technology that is making waves in the applications for consumer electronics and automotive industries. 'is_content' : '1' , } Rather, EBITDA is a profit margin before non-operating expenses like . Sorensen acknowledged the success to date. As per our analysis, a 26% adjusted EBITDA margin is in line with similar franchises (~25-27% industry average). Sorensen said he was anxious that morning to explain the deal to leadership and his employees. } It was then they brought Fox into the decision. According to CNBC, Chris and Robin Sorensen only had $100 to their names when they first opened Firehouse Subs in Jacksonville, Florida in 1994. In 1938, he, Read More 20 Alan Watts Quotes That Apply to BusinessContinue, Techwalla is a company that provides very good reviews of products and services. The deal is expected to close in the . In 2015, the quick-service restaurant chain boosted sales by $110 million,according to QSR Magazineand itwas named thesecondfastest-growing franchisein Americaby Nation's Restaurant News. document.getElementsByTagName('meta')['tp:PreferredRuntimes'].setAttribute("content", "flash,html5"); We want to hear from you. Sign up for free newsletters and get more CNBC delivered to your inbox. 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