Firehouse Subs sells to parent company of Popeyes, Burger King for $1 billion

3 years ago 251

Firehouse Subs determination successful Mandarin. (Google Maps)

JACKSONVILLE, Fla. – A section edifice concatenation known for its sandwiches conscionable got a batch much bread.

Firehouse Subs, which was founded successful Jacksonville successful 1994, announced it has sold the franchise for $1 cardinal successful currency to Restaurant Brands International (RBI). RBI besides owns Tim Hortons, Burger King and Popeyes.

“We chose RBI due to the fact that they judge successful and are committed to honoring things that are important to us, which are to support the marque and proceed its legacy, to instrumentality attraction of our astir 800 section employees, to stay headquartered successful Jacksonville, and to preserve, foster, and proceed the ngo of Firehouse Subs Public Safety Foundation,” Firehouse Subs founders Chris and Robin Sorensen said successful a associated statement.

The founders and erstwhile firefighters said RBI volition bring much resources to the Jacksonville concatenation to “help accelerate our long-held ngo to merchantability much subs and prevention much lives.”

Photo: Firehouse Subs/Yelp (Photo: Firehouse Subs/Yelp)

Firehouse Subs presently has much than 1,200 restaurants dispersed crossed 46 states, Canada and Puerto Rico and volition adjacent 2021 with system-wide income of much than $1 billion, the institution said. It has besides donated 5,399 lifesaving grants to section heroes totaling much than $62.5 cardinal done its foundation.

“Firehouse Subs is simply a peculiar marque with a talented team, awesome civilization and assemblage absorption that resonates with guests and intimately aligns with our halfway values astatine RBI. We spot tremendous imaginable to accelerate U.S. and planetary maturation astatine Firehouse Subs with RBI’s improvement expertise, planetary franchisee web and integer capabilities,” said José Cil, Chief Executive Officer of RBI.

RBI said Firehouse Subs is simply a beardown and increasing subordinate successful the $30 cardinal sandwich marketplace successful the U.S.

“We are arrogant to person been calved and raised successful Jacksonville, and to person built this marque close present successful our hometown. As for the future, we volition reside present and proceed our bequest of giving backmost to this assemblage that has supported america truthful much. Who knows… possibly 1 time we volition unfastened different restaurant,” the founders said successful a statement.

The woody is expected to adjacent successful the coming months.