John Stetson retweetledi
Exclusive: Eric Trump and Donald Trump Jr. are backing Powerus, a drone company vying to meet Pentagon demand and fill a hole left by the administration’s ban on new Chinese drones in the U.S. on.wsj.com/4rjkEe0
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John Stetson
214 posts
John Stetson
@jstets212
Husband. Father. Fund Manager @sunsetbaycap.com. Stoner’s Pizza Joint @joint_stoner CEO/Owner. @PolarityTE CEO. UPenn. Iowa born and raised.
Fort Lauderdale, FL Katılım Mayıs 2016
464 Takip Edilen233 Takipçiler
John Stetson retweetledi
@GerberKawasaki Taxing the ultra wealthy does not work. Look what it has done to NY, CA, and IL.
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We must tax low interest loans to the ultra wealthy. This is the great tax scam of the billionaires. The banks make a ton off other services from these relationship loans. Billionaires pay no taxes and spend away...
The Wall Street Journal@WSJ
Documents reveal the granular details of the billionaire Leon Black’s net worth, from 69 bank accounts to a $484 million loan backed by his art collection on.wsj.com/3MkRlcS
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I turned 45 today. What are the top 3 life lessons (among many) that I learned in the last decade?
1. Health is wealth. Reduced sugar and alcohol intake, workout 4-5 times per week, eat clean, sauna, etc. It is exponentially harder to take care of your physical and mental self as you get into your 40s. Start now.
2. Be Yourself. I always thought emulating great lawyers or people would be the key to success but being able to be your true self in your personal and business life is a cheat code.
3. Family Above All. Entrepreneur life is tough. Being present is tough. Making the conscious choice to be present for your family even when it’s tough is going to fill you up. You will regret not being there for family time early in your kids’ life and this decade will fly by in the blink of an eye.
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@brianbeers 12% would be run well if there is 11% off the top to the Zor. @stoners_pizza_ only charges 5% all in.
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How much money does each Little Caesars make?
The average store does $900k in revenue per year
- Over 100,000 pizzas per year!
Expenses:
40% goes to cost of goods.
- Flour, cheese, toppings, paper
25% goes to payroll.
- Around 20-30 employees per location
11% goes to Little Caesars
- 6% Royalty + 5% marketing
12% goes to everything else.
- Rent, insurance, admin, credit card fees, legal, bookkeeping.
So what's left?
12% net profit
On $900k revenue, that's $110k profit
That’s BEFORE debt payments and capex
Not great “profit per store” but own 10 of them...$1M/year
This is definitely a volume-driven business
Each location’s success is HIGHLY correlated to the physical location
A+ location can do $1.5M+ (net $270K since margins improve)
But pick a C (or below) location, and it’ll do $600k and make $0 profit
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Would you buy a Little Caesars franchise?How much money does each Little Caesars make?
The average store does $900k in revenue per year
- Over 100,000 pizzas per year!
Expenses:
40% goes to cost of goods.
- Flour, cheese, toppings, paper
25% goes to payroll.
- Around 20-30 employees per location
11% goes to Little Caesars
- 6% Royalty + 5% marketing
12% goes to everything else.
- Rent, insurance, admin, credit card fees, legal, bookkeeping.
So what's left?
12% net profit
On $900k revenue, that's $110k profit
That’s BEFORE debt payments and capex
Not great “profit per store” but own 10 of them…$1M/year
This is definitely a volume-driven business
Each location’s success is HIGHLY correlated to the physical location
A+ location can do $1.5M+ (net $270K since margins improve)
But pick a C (or below) location, and it’ll do $600k and make $0 profit
—
Would you buy a Little Caesars franchise?
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Well said @johnarnold. This is @PolarityBio_ mission, to deliver a one time fully regenerative skin application that puts patients health first and saves taxpayers $$
John Arnold@johnarnold
This is a story about how skin substitutes, materials used to improve healing of complex wounds, grew from a niche product in 2019 to scamming taxpayers and patients out of $10 bln/year, not because of a medical breakthrough, but from billing abuse. It’s a case study in how hard it is to cut even waste, fraud, and abuse. Medicare, run by CMS, reimburses bandages based upon the average sales price (ASP) at which the private sector is transacting. But in the first 6 months of product introduction, CMS doesn't have the data to compute ASP, so it pays whatever price the company sets. You can see the logic of the rule but probably also see the potential problem. Manufacturers figured out how to game the system. Introduce a new product at an inflated price, which Medicare will pay for the first 6 months. Then, phase it out and introduce an almost identical, but new, product. CMS now covers that product at whatever price the manufacturer set. Five years ago, the most expensive skin substitute was $1,000/sq in. Today it is $21,000/sq in. Why do medical providers support this scam instead of choosing a cheaper product? First, CMS pays providers a fee that includes a % of the bandage’s price, which rewards higher costs. Second, manufacturers offer steep “bulk” discounts on purchases as small as a few inches, and providers keep the difference. The higher the list price, the more they earn. This loophole has become a major revenue stream for dishonest manufacturers and providers. Mobile wound care clinics have popped up to generate demand from patients who never needed the product in the first place. Skin substitutes, unlike drugs, do not need successful randomized controlled trials to come to market. This creates two problems. First, manufacturers have negligible barriers to introduce substitute products every 6 months. And second, there is low quality of evidence on what type of wounds on which these products are effective, leading to overuse. In 2023, an Inspector General warned about the abuse, but fixing even blatant fraud takes time. CMS announced in 2024 a fix would happen in early 2025. In January, the Trump admin paused all Biden admin policies. Ultimately, the Trump admin finalized a rule reducing the price that will go into effect in 2026. Delays have cost taxpayers and patients billions. More concerning, the industry is making very large political donations in an attempt to delay or kill the changes. There’s a constant cat and mouse game between regulators who set healthcare reimbursement rules and companies looking to exploit them. The IG and CMS have done their job. Now they need political support to identify and stop this sort of fraud broadly. Congress must resist industry lobbying to undo the pricing change. Politicians say they’re furious about rising healthcare costs. The real test is whether they’ll address even blatant abuse to actually bring them down.
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@adamwasch Generally trade off a multiple of revenue. For small town probably less than 0.5x, add back inventory, and any real estate owned, but haven’t looked at one for over 5 years. Brand name of ABC might get higher multiple.
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There is a (very) small town ABC liquor store for sale in my home and away from home on Main Street in the NC mountains. Can anyone provide a curbside opinion on how to value these businesses?
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$DGXX - see below - on July 14 was $2.50. I called for $6 by Labor Day. I was a few weeks late - $6.50 AHs it arrived on Halloween. I am revising my $10 y/e target to $12. I recently made a BOLD $ABVE prediction. It too will get there … but slightly tardy… Always keep your receipts.
$IREN $CIFR $CORZ $WULF $GLXY (big core hold).
Neil Bhatia@neilsbhatia
@shmira55 @Keshmarf My $DGXX forecast: $6+ by Labor Day, $10 y/e, $20-25 y/e 2026.
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@BillAckman @TennisHalloFame @JackSock @andyroddick @BillAckman Andy, pick me! I’ll bring back some of the Boca Prep magic.
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My last post on the International Hall of Fame Tennisgate.
While I don’t mind and do deserve the ridicule about my poor play at the @TennisHalloFame, the Tennis Hall of Fame itself has received a lot of totally unfair criticism.
The HOF gave @JackSock and me a wildcard to increase interest in its challenger tournament and the Hall of Fame itself. That is precisely the purpose of wildcards. I am not the first non-pro to get a wildcard in a pro event by a long shot.
The HOF’s wildcard strategy succeeded beyond their wildest imaginations with coverage in every major media outlet around the world, and hundreds of millions of views and commentary on social media including a mini-doc about the match that went viral.
Most of the coverage was negative, but almost entirely because of my poor play. Many also claimed that I bribed the HOF for the wildcard, which is entirely untrue. The HOF asked me for nothing and I made no commitments to the HOF. I had in the past donated to the HOF, but had done nothing in recent years.
With respect to the criticism the HOF received for my poor play, this is entirely on me. What has not been disclosed is that I played a doubles tournament 10 days prior at the HOF, and I played great. The field was comprised of former pros and top college players from around the world, but 55 plus in age. Richey Reneberg and I lost in the semis to the ultimate winners of the tournament in the tie breaker.
On the basis of my play during that tournament and my public profile, the HOF made the bet that Jack and I would drive a lot of coverage and interest, and I would play respectably, so it would be a good, fun, and appropriate use of a wildcard.
Where things went wrong is that I hadn’t been beta tested in a professional tournament and my nerves got to me.
Jack also chose the ad side and I have been playing the ad side for the last year. I was also serving into the 1:30pm sun with a shot clock (a new experience for me), and to make matters worse the other side held back making the whole thing look like a farce.
What people are missing is that the whole thing worked out perfectly. My poor play dramatically increased the virality of the event, driving massively more coverage than if I had played well.
So now let me make it better. The HOF is an incredible venue, museum, and tourist attraction, and most people, even tennis fans, didn’t even know it existed until last week. It relies on charitable funding for its existence as a non-profit. So each year the HOF has to go find corporate sponsors and donations to stay solvent, a not so easy task.
@NeriOxman and I are going to help endow the Hall of Fame by giving the HOF a $10 million endowment that I will manage for free. Each year, we will give the HOF 5% of the then endowment principal so the HOF will now have a growing annuity to fund its work and won’t have to worry about hiring financial advisors and paying big fees.
An investment in Pershing Square without fees over the last 21 years has generated a 56-fold return so if we continue to do a good job, the HOF will be able to dramatically expand its mission over time.
We will ask the HOF to use the funds to promote youth interest in tennis and other activities that enhance the game for the players and the fans. As the endowment grows. the funds can go to other initiatives that promote the game of tennis around the world.
In summary, the HOF engineered one of the greatest public relations achievements in tennis history. My failure on the court contributed to its success. That sounds like a grand slam to me. Stealing victory from the jaws of defeat (think @carlosalcaraz French Open final) is one of the things that makes tennis great.
On another note, my partner Richey Reneberg and I hereby challenge @Served_Podcast Andy Roddick and the amateur of his choice to doubles on my court. And feel free to bring the cameras as I am now battle ready.
Now on to the Wimbledon Final!
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Today is the Super Bowl for every strip mall liquor store in America, too
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@jstets212 2025 is going to be a great year! 2024 was flat.
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We have ~ 20 franchise applications out right now.
Development is busy!
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John Stetson retweetledi
Another unit open for @jstets212 and franchise client Stoner’s Pizza Joint.
@joint_stoner 🚀🚀🚀
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Thanks @PizzaMarktplace for highlighting our growth 🍕!
Pizza Marketplace@PizzaMarktplace
Stoner's Pizza Joint burns bright as it grows. Stoner's Pizza Joint has 50 units and will build another 15 next year. With its systems and franchising down, owner John Stetson expects the brand to excel as it grows. ow.ly/n0LR105PPm3
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John Stetson retweetledi
Had the Panthers game live from Finland on in the background of a crazy work day. Shout out to Stoner’s Pizza Joint for the 🔥in-game digital boards ad.
Thinking we should open up a few joints in Tampere, @jstets212. Maybe we can get the Finns @Barkovsasha95 and Lundell in as investors.
@joint_stoner 🇺🇸🇫🇮🍕🚀
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@MIAMISPORTSGOD @FlaPanthers Thanks…my favorite item on our menu. We have had amazing exposure so far. During the televised games, on radio, Jumbotron, in the merch store, etc. More than anything is the amount of pizzas sold at the concession stand.
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@jstets212 @FlaPanthers But seriously wtf. They even announced the coffe of the panthers earlier this week. Not cool they left you guys hanging hard. The cookies are fire
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@MIAMISPORTSGOD @FlaPanthers @MIAMISPORTSGOD I hope you have had a chance to stop by the concession stand. Amazing feedback from the fans! Great win tonight!
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@FlaPanthers It’s gtta make @jstets212 mad panthers refuse to advertise his deal. Something fishy about that deal lol
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