Leadership

Cousins Subs co-founder Bill Specht dies at age 80

A one-time East Coast Navy man trained to sink submarines, he found success in the Midwest selling another sort of sub.
Bill Specht | Photo courtesy of Cousins Subs

William “Bill” Specht, a co-founder of the Cousins Subs sandwich chain, died last week at age 80 after a long stretch of ill health.

He founded the chain with a cousin, James Sheppard, after relocating to the Milwaukee, Wisconsin, area from the East Coast. One shortcoming of his new Midwestern home, Specht discovered, was a lack of establishments selling the oversized sandwiches known back east as subs, short for submarines. He invited Sheppard to move to Milwaukee and open a sub shop with him. After much deliberation, they decided to call their venture Cousins Subs, and opened the first store in 1972.

There was an irony to the name. Specht had spent a number of years in the U.S. Navy as a torpedoman on a destroyer, trained to sink enemy submarines. Now he would be building subs instead of practicing how to destroy them.

Specht and Sheppard found a ready market for subs in the Midwest, expanding their operation to dozens of units in Wisconsin and Indiana. Specht retired from the business in 2015, relinquishing the CEO’s post to daughter Christine in 2015. The chain, now extending to about 100 locations, remains family operated.

Even after the elder Specht’s retirement, he continued to visit stores and chat with managers, workers and guests.

He remained equally devoted to his two passions outside of work, golf and card games.

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Financing

Popeyes' new management team gets a big, early test

The Bottom Line: The bankruptcy filing of Sailormen is putting pressure on the fast-food chicken chain while proving that franchisors should pay close heed to their franchisees' finances.

Technology

What's next for Olo after a pivotal year

Tech Check: The online ordering company is still focused on digitizing every restaurant transaction. It's also looking to do more M&A under new owner Thoma Bravo.

Financing

Expect more of the same in 2026: A bifurcated economy, slow growth and a lot of uncertainty

Projections suggest the restaurant industry can expect a better year, buoyed by easier comparisons and tax law changes. But many other factors could inhibit that growth, and not everybody will benefit.

Trending

More from our partners