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$12B Sandwich IPOs, Sanders' Nephew, and the FDD Line You'll Want to Read Twice
Jersey Mike's just filed for a $12B IPO, 50% above what Blackstone paid 18 months ago. Lee's Famous Recipe — started by Colonel Sanders' nephew — quietly does $1.8M per location. And the line on the FDD that decides whether your year one is a stretch or a breaking point.

Alex Smereczniak




