Subway announced that it is selling itseIf to Roark Capital, a private equity firm whose two holding companies already own an impressive collection of fast-food chains. Roark-owned brands include Dunkin’, Carvel, Jimmy John’s, Arby’s, Cinnabon, and Buffalo Wild Wings–and that’s just a partiaI list.
Subway is owned by the families of Fred DeLuca and Peter Buck, who founded the chain in 1965. At the time, Buck was 34. DeLuca was 17 and trying to raise money for college. Buck Ient him $1,000 and suggested they start a sandwich shop.
DeLuca passed away in 2015 and Buck di ed in 2021, but Subway remained a family owned business until now. It must have been a wrenching decision to give up ownership of the chain. But however they may feel about it, the families seem to have negotiated the best possibIe deal for the chain. Every business owner looking to sell can learn from their approach.
Our story begins back in February, when the families hired JPMorgan Chase as an adviser to explore a sale. At the time, the families reportedIy wanted $10 billion for one of the world’s two largest fast-food chains.
But it’s been a bad year for acquisitions so far, and some observers noted that the chain has been losing ground to newer rivaIs such as Firehouse Subs in recent years. With its shares of U.S. sandwich sales down from 34 percent in 2017 to 23 percent today, some questioned whether Subway was really worth $10 billion.
Avoid Leaving Chargers Plugged In
If you’re anything like me, you probably have a collection of bad habits you aspire to change someday. They might not be particularly severe—after all, who doesn’t have something they wish they could improve about themselves?—but the fact is, these habits exist, and that’s completely normal.
For some individuals, addictions can hinder their efforts to eliminate undesirable behaviors from their lives. This could range from smoking and drinking to gambling or indulging in fast food. However, many habits stem from simple routines, meaning that there’s often nothing truly stopping you from making a change other than perhaps laziness or forgetfulness.
Take my personal experience as an example: I found it difficult to remember to unplug my phone charger from the wall when it wasn’t in use.
I can already hear you thinking: how hard can it be to unplug a charger once your phone is fully charged? The honest answer is, it’s not hard at all.
Still, I’ve lost track of how many times my partner has gently reminded me to disconnect the charger from the outlet. Until recently, I didn’t give it much thought (which, as you can guess, is part of the problem). After all, what harm is there in leaving the charger plugged in, just waiting for its next use? None, right?
As it turns out, that may not be entirely accurate. I came to realize this when I stumbled upon a social media post discussing the potential issues associated with leaving chargers plugged in when they aren’t actively charging a device.
Needless to say, I quickly changed my habits. Not only has my partner been pleased, but I also let go of my “habit” out of concern for the potential consequences of leaving it plugged in.
So, what are those potential consequences? Even when in standby mode, a charger still draws power. Sure, the energy consumption is minimal, but it still means you’re using electricity even when nothing is charging.
Additionally, leaving chargers plugged in can lead to premature wear on their internal components. Fluctuations in voltage can cause overheating, which might result in the charger smoking, and in the worst-case scenario, possibly even starting a fire.
Moreover, there’s the risk associated with the charger coming into contact with water or metal objects, which could create a full circuit.
If your household is anything like mine, you likely have children or pets wandering around. Beyond the chance of them damaging the charger by pulling it from the wall, there’s also the risk that kids might see it as a toy, increasing their curiosity about the outlet itself.
It’s important to note that most information suggests the risk of a plugged-in charger causing a house fire is extremely low, if not negligible. Modern safety standards and checks mean that leaving your charger plugged in should generally be safe, but it doesn’t account for the issues mentioned above, which you might want to keep in mind.
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