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General

Industry

-

Category

Food and Beverage

SBA Identifier

S0901

Year of Founding

1986

Fees

Marketing Fee

1%

Royalty Fee

7%

Franchise Fee

$18,500-$18,500

Investment Range

$145K-$786K

Location units

Total U.S. Locations

1847

U.S. Franchised Units

1796

U.S. Corporate Units

51

Headquarters (City)

NJ

Other

Item 19 - Franchise Financials

-

Financing Availability

yes

Started Offering Franchises

1987

Issuance of FDD Data

03/29/2021

What to know about Jersey Mike's franchise?

Jersey Mike's Franchise Systems, Inc. offers franchises for the establishment, development, and operation of restaurant facilities for the on-premises and off-premises consumption of a wide assortment of made-to-order submarine type sandwiches, other sandwiches and related food products and beverages.

Jersey Mike's is based in Manasquan, NJ. Scroll down to learn more!

How Much Does a Jersey Mike's Franchise Cost?

Are you wondering how much is a Jersey Mike's franchise? Before starting a Jersey Mike's franchise, it is important to know the Jersey Mike's franchise fee ($18,500) working capital and other costs required to start the business.

The minimum investment amount required to open a Jersey Mike's franchise is $144,668 and can go all the way up to $786,233. Keep in mind, you should also allocate additional funds to live off of while the Jersey Mike's business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Jersey Mike's franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Jersey Mike's business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Jersey Mike's franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Industry Report Request

Download our guide to compare Jersey Mike’s. Hotels to the Cleaning and Maintenance, Outdoor Maintenance industry.

Franchise Data

Year Start of year Units Opened Units Closed Total End of Year
2018 1260 162 10 1411
2019 1411 189 15 1585
2020 1585 229 13 1796

Additional Details

How much does a Jersey Mike's franchise owner make?

Jersey Mike's franchise earnings and revenue can vary significantly from one franchisee to another. The Jersey Mike's franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Jersey Mike's unfortunately does not disclose financials on how much Jersey Mike's franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Jersey Mike's does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Jersey Mike's franchisees. Do note that Jersey Mike's is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Jersey Mike's franchisees to understand how much money they are making from their Jersey Mike's business.

You should also speak to former Jersey Mike's franchisees to understand why they left the system. Did they sell their Jersey Mike's at a profit? Were they forced to close their Jersey Mike's franchise down because it kept losing money?

What is the Jersey Mike's Franchise Fee?

Owning a Jersey Mike's franchise requires a 7% royalty fee and a 1% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship.

Keep in mind, there is also an initial Jersey Mike's franchise fee of $18,500 that is included in the initial investment amount of $144,668 to $786,233. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Jersey Mike's franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Jersey Mike's franchise fee of $18,500.

Visit the Jersey Mike's metrics tab to explore how the franchise, royalty and marketing fees compare to other Food and Beverage franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Jersey Mike's founded?

Jersey Mike's was founded 36 years ago in 1986. Jersey Mike's started offering franchises in 1987. At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Jersey Mike's locations are in the U.S.?

As of Issuance of 2021, there were 1796 Jersey Mike's locations owned and operated by franchisees across the U.S. There are also 51 corporate locations owned and operated by Jersey Mike's. Most Food and Beverage franchises like Jersey Mike's have more franchised locations than corporate locations.

How many Jersey Mike's franchises opened over the past few years?

Over the prior 3 years we have data for, Jersey Mike's has opened 580 outlets throughout the U.S.

Visit the Jersey Mike's metrics tab to explore how the openings compare to other Food and Beverage franchises.

How many Jersey Mike's franchises closed over the past few years?

Over the prior 3 years we have data for, Jersey Mike's has closed 38 outlets throughout the U.S.

Visit the Jersey Mike's metrics tab to explore how the closures compare to other Food and Beveragefranchises.

Is Jersey Mike's growing? Are they opening more locations than they are closing?

The net unit growth rate for Jersey Mike's over the past 3 years is 43%. Over the last year we have data for, Jersey Mike's had a net unit growth rate of 13%.

Without a comparison, this number doesn’t mean much. Compare how the Jersey Mike's growth rate compares to 2,000+ other franchises and Food and Beverage franchises like Jersey Mike's. More info in the Jersey Mike's metrics tab.

Is Jersey Mike's franchise eligible for an SBA Loan?

Jersey Mike's is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Jersey Mike's franchise was assigned the SBA Franchise ID of S0901 on 10/1/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Jersey Mike's that are reviewed and found eligible under SBA's affiliation rules and other eligibility criteria.

Is Jersey Mike's a franchise in the United States?

According to the SBA, Jersey Mike's meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Jersey Mike's provides you with an FDD if you are in discussion to buy a Jersey Mike's.

What is the Jersey Mike's Franchise for Sale Rate?

The Jersey Mike's systemwide health and franchisee satisfaction can be measured by the Jersey Mike's franchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

The franchise for sale rate for Jersey Mike's over the past 3 years is 10%. Over the last year we have data for, Jersey Mike's had a franchise for sale rate of 4%.

Without a comparison, this number doesn’t mean much. Compare how the Jersey Mike's franchise for sale rate compares to 2,000+ other franchises and Food and Beverage franchises like Jersey Mike's. More info in the Jersey Mike's metrics tab.

What is the Jersey Mike's Franchise Failure Rate?

Jersey Mike's franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Jersey Mike's failure rate over the past 3 years is 2%. Over the last year we have data for, Jersey Mike's had a franchise failure rate of 1%

Without a comparison, this number doesn’t mean much. Compare how the Jersey Mike's failure rate compares to 2,000+ other franchises and Food and Beverage franchises like Jersey Mike's. More info in the Jersey Mike's metrics tab.

How can I find out more details on Jersey Mike's franchise?

Visit the Jersey Mike's metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today for exclusive access on this franchise opportunity!

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General

Industry

-

Category

Food and Beverage

SBA Identifier

S0901

Year of Founding

1986

Fees

Marketing Fee

1%

Royalty Fee

7%

Franchise Fee

$18,500-$18,500

Investment Range

$145K-$786K

Location units

Total U.S. Locations

1847

U.S. Franchised Units

1796

U.S. Corporate Units

51

Headquarters (City)

NJ

Other

Item 19 - Franchise Financials

-

Financing Availability

yes

Started Offering Franchises

1987

Issuance of FDD Data

03/29/2021

Franchise Fee Midpoint

The percentage change of total franchise units from one year to the next

 

1 year

3 years

Jersey Mike’s

12%

13%

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Download Latest FDD (2021)

Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Jersey Mike’s

1%

2%

Industry median

All franchises median

Unlock premium content

Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Jersey Mike’s

4%

10%

Industry median

All franchises median

Unlock premium content

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Founding year
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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Jersey Mike’s

$465,451

Industry median

All franchises median

Unlock premium content

Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Jersey Mike’s

7%

Industry median

All franchises median

Unlock premium content

Franchise Fee Midpoint

The percentage change of total franchise units from one year to the next

 

1 year

3 years

Jersey Mike’s

12%

13%

Industry median

All franchises median

Unlock premium content

Item 19 – Financial Performance Representations

Historical financial performance representations

Unlock premium content

Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

Unlock premium content

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Business details

Company name

-

Business email

-

Mailing address

2251 Landmark Place

State headquarters

New jersey

Key leadership

Jersey Mike’s

Phone

+1 (000) 000-00-00

City

Manasquan

Zip code

08736

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