Failed Subway Franchisee Becomes One of Denver’s Top Marijuana Moguls
It was 2007 and the years leading up to it had been very good for John Fritzel.
Then it was 2008 and it wasn’t.
By 2009 the one-time Subway franchisee and newest would-be real estate mogul was in bankruptcy, another in the line of business failures caught in the contrails of the nation’s economic collapse.
The future was bleak.
“The music just stopped and there weren’t any more chairs,” said Fritzel, whose Subway success opened doors to an ill-fated real estate venture.
Federal bankruptcy records show Fritzel, then just 35 years old, owned about $1.2 million in property — and debts that topped more than $9.2 million from loans and other obligations in 31 business ventures. His checking account was empty.
“After going bankrupt, there were pretty big battle scars,” he said. “It was the best thing that ever happened to me.”
The young entrepreneur, who admits he can’t be...
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