In it, but not of it. TPM DC
"That's before you pay 500 employees, you pay rent, you pay equipment and food," he said. "The actual net income of that was only a mere fraction of that amount."
So how much are we talking about? Just a few-hundred thousand, give or take.
"The amount that I have to reinvest in my business and feed my family is more like $600,000 of that $6.3 million," Fleming said. "So by the time I feed my family I have maybe $400,000 left over to invest in new locations, upgrade my locations..."
The remainder -- $200k -- sure would buy a lot of Subway sandwiches.
Fleming's office did not immediately return TPM's request for further comment.
Watch the video:
h/t Think Progress