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General

Industry

Food and Beverage

Category

Fast Casual Restaurant

Works with Franchise Brokers

No

Year of Founding

1986

Fees

Marketing Fee

1%

Royalty Fee

6.5%

Franchise Fee

$18,500-$18,500

Investment Range

$194K-$955K

Location units

Total U.S. Locations

2091

U.S. Franchised Units

2069

U.S. Corporate Units

22

Headquarters (City)

Manasquan

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

1987

Issuance of FDD Data

03/29/2022

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$194K-$955K

Franchise Fee

$18,500-$18,500

What to know about Jersey Mike's franchise?

Jersey Mike's is a chain of sandwich shops that was founded in 1956. In addition to sandwiches, Jersey Mike's also offers salads, soups, and sides. The company's catering services are also popular for events such as office lunches and birthday parties. 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 franchisees are provided an extensive initial training program and ongoing support through field operations personnel, marketing programs, grand opening assistance, a supplier program, etc. Jersey Mike's franchisees must operate their restaurant in strict accordance with the franchise system's operating standards and procedures as set forth in the franchise agreement and manuals. 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 franchise fee, working capital and other costs required to start the business. The minimum investment amount required to open a Jersey Mike's franchise is $194,035 and can go all the way up to $954,611. 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

Industry Report Request

Download our guide to compare Jersey Mike's. Hotels to the Fast Casual Restaurant, Outdoor Food and Beverage industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 1004 145 18 1130
2017 1131 165 15 1260
2018 1260 162 10 1411
2019 1411 189 15 1585
2020 1585 229 13 1796
2021 1796 283 8 2069

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 6.5% royalty fee and 1% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Jersey Mike's Franchise Disclosure Document 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 $194,035 to $954,611. 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 the financials for this business, 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 started offering franchises in 1987. Jersey Mike's was founded 36 years ago in 1986. 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 2022, there were 2069 locations across the U.S. There are also 22 corporate locations. 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 701 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 36 outlets throughout the U.S Visit the Jersey Mike's metrics tab to explore how the openings compare to other Food and Beverage franchises.

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 47%. Over the last year we have data for, Jersey Mike's had a net unit growth rate of 15%. Without a comparison, this number doesn’t mean much. Compare how the Jersey Mike's growth rate compares to 2,000+ other franchises and Industry 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 10/01/2017. 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. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

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'sfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor. Jersey Mike's franchise for sale rate over the past 3 years is 9%. Over the last year we have data for, Jersey Mike's had a franchise for sale rate of 3%. 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 Industry 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 0%. 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 Industry 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 today for exclusive access on this franchise opportunity!

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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

$574,323

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Jersey Mike's

6.5%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Jersey Mike's

$18,500

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

Unlocked Vetted Member Access

Franchise Financials

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

Unlocked Vetted Member Access

General

Industry

Food and Beverage

Category

Fast Casual Restaurant

Works with Franchise Brokers

No

Year of Founding

1986

Fees

Marketing Fee

1%

Royalty Fee

6.5%

Franchise Fee

$18,500-$18,500

Investment Range

$194K-$955K

Location units

Total U.S. Locations

2091

U.S. Franchised Units

2069

U.S. Corporate Units

22

Headquarters (City)

Manasquan

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

1987

Issuance of FDD Data

03/29/2022
Detailed Franchise metrics for Jersey Mike's Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Jersey Mike's below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

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

 

1 year

3 years

Jersey Mike's

13%

47%

Industry median

All franchises median

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Franchise for Sale Rate

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

 

1 year

3 years

Jersey Mike's

4%

9%

Industry median

All franchises median

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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 Vetted Member Access

Business details

Website

https://www.jerseymikes.com

Business email

**********@******.com

Mailing address

2251 Landmark Place

State headquarters

New jersey

Contact Name

Jersey Mike's

Phone

+1 (000) 0********00

City

Manasquan

Zip code

08736
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