Jersey Mike's prepares and sells submarine sandwiches made with premium ingredients sliced fresh for each order. The franchise specializes in authentic Northeast-style subs served Mike's Way with onions, lettuce, tomatoes, vinegar, oil, and spices.
Key Insights
- Jersey Mike's began with a single submarine sandwich shop, growing through a commitment to quality ingredients and a friendly customer experience. The business now operates a substantial network of locations, maintaining its core values as it expands.
- The franchise operates on a model centered around freshly sliced meats and cheeses, prepared to order on toasted bread. This approach emphasizes customization and a high-quality product, which forms the foundation of its operational strategy.
- The business is part of the quick-service restaurant sector, specifically the sandwich segment. This market is characterized by its consistent demand for convenient and appealing meal options, with a focus on freshness and value.
Franchise Fee and Costs to Open
Exploring the financial picture of Jersey Mike's gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $181,903 - $1,413,592, along with a franchise fee of $18,500 - $18,500.
Financial Performance and Revenue
Yearly gross sales of $1,285,259 and estimated earnings of $154,232 - $192,789 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 5.1-7.1 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Jersey Mike's provides new franchisees with comprehensive training. This program offers a blend of in-person and e-learning modules. Initial training lasts for four weeks and takes place at the Jersey Mike's training facility. Resources include operational manuals and marketing support. Jersey Mike's offers guidance on product preparation and customer service.
Legal Considerations
Legal considerations for a Jersey Mike's franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Navigating the competitive landscape requires understanding local preferences and the presence of established brands. Maintaining consistent quality and efficient service across all shifts presents operational complexity. Dependence on a specific supply chain for core ingredients necessitates robust inventory management and contingency planning to ensure product availability.
Franchise Datasheet
FAQs
What is the minimum cash required to open a Jersey Mike's franchise?
How can I estimate the profitability and return on investment (ROI) of a Jersey Mike's franchise?
What is the franchisee fee for a Jersey Mike's franchise?
How to open a Jersey Mike's franchise?
How many locations does Jersey Mike's have?
Get insider access to franchise insights
Subscribe to receive expert tips, franchise rankings, and exclusive data straight to your inbox, trusted by thousands of aspiring business owners and investors.
Franchise resources & insights
Explore expert guides, data-driven articles, and tools to help you make smarter franchise decisions, whether you're just starting out or ready to invest.
