1851

LAST UPDATED: January 20thFRANCHISE WEBSITE:&nbsp;https://www.jerseymikes.com/franchiseNUMBER OF LOCATIONS:&nbsp;over 2,300REPORTED COST TO GET IN:&nbsp;$194,035 to $954,611REPORTED ROI (Item 19):&nbsp;$1.17 million averageJersey Mike’s has had rapid growth over the past several years and is on its way to becoming an American fast-casual staple. This sub sandwich franchise has gained a large following and been recognized as one of the fastest growing franchises by&nbsp;<a href="https://www.qsrmagazine.com/content/25-fastest-growing-fast-food-chains-america?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-jersey-mikes-franchise-costs-fees-profit-and-data-2720908" target="_blank" rel="nofollow">QSR Magazine</a>. As a franchise opportunity, Jersey Mike’s competes in a crowded industry. So when looking at business opportunities in this industry, is franchising with Jersey Mike’s the right choice?How Many Jersey Mike’s Are There?As of December 31, 2021, Jersey Mike’s had 22 company-operated locations and 2,069 franchisee-owned locations. According to&nbsp;<a href="https://www.entrepreneur.com/franchises/jerseymikessubs/282476?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-jersey-mikes-franchise-costs-fees-profit-and-data-2720908" target="_blank" rel="nofollow">Entrepreneur Magazine</a>, that number has increased to over 2,400 total locations.The fast-casual sub sandwich concept opened in 1956 but didn’t start offering franchises until 1986. In 2021, the brand totaled 1,796 franchisee-owned locations and ended the year by adding 273 more to the map. According to Jersey Mike’s 2022 Franchise Disclosure Agreement, there were 60 transfers from one franchisee to a new one. The brand also discloses that there were 598 franchise agreements signed in 2021, which were not open at the time of the document’s publishing.What Is Jersey Mike’s Business Model?Jersey Mike’s Business model requires franchisees to purchase specific brands and products for restaurant use, including types of food and beverage preparation, dispensing, storage and display equipment, cash registers, fixtures, interior and exterior signs, and decorating accessories.&nbsp;The brand’s website also lists real estate requirements for franchises:<ul><li>Size: 1200–1800 square feet</li><li>Frontage: 20’ minimum</li><li>Parking: 12 spots per 1000 square feet, 15 minimum</li><li>Signage: Jersey Mike’s standard sign to max size per code. For end cap locations, two signs preferred</li><li>Outside Seating: Outside seating strongly preferred, shared space is acceptable</li><li>Store Location: Shared pads or outparcels and end-caps preferred; in-line with good visibility from the street is acceptable</li><li>Accessibility: Full turn access from both main and side arteries</li><li>Co-tenancy: Dominant grocer in market, office supply and convenience users, full-price retailers, other quick casual and high-end QSR users a plus</li></ul>How Much Can Jersey Mike’s Franchise Owners Make?The Jersey Mike’s Franchise Disclosure Document did not include profits earned by the brand’s franchisees. However, according to&nbsp;<a href="https://www.visafranchise.com/blog/jerseys-mikes-franchise?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-jersey-mikes-franchise-costs-fees-profit-and-data-2720908" target="_blank" rel="nofollow">Visa Franchise</a>, franchise revenues in 2020 were $120.8 million. The 2020 estimated total franchise sales were $1.85 billion, and the estimated average franchise sales were $1.17 million.&nbsp;How Much Does It Cost to Open a Jersey Mike’s?The estimated initial investment to begin the operation of a Jersey Mike’s location ranges from $194,035 to $954,611. The following costs are included in the initial investment:<ul><li>Initial Franchise Fee: $18,500</li><li>Real Estate and Construction Fee: $5,000</li><li>Rent / Lease CAM / Taxes / Lease and Utility Security Deposits: $0–$46,215</li><li>Architectural Fees: $750–$29,897</li><li>Leasehold Improvements: $75,000–$481,266</li><li>Equipment / Furniture / Small Wares: $44,963–$123,233</li><li>Initial Inventory: $6,000–$30,000</li><li>Insurance: $1,863–$13,563</li><li>Training: $1,640–$53,000</li><li>Grand Opening Advertising: $12,500</li><li>Exterior Signage: $2,922–$27,300</li><li>Interior Branding / Graphics: $2,637–$15,000</li><li>Uniforms, Office Equipment and Supplies, TVs / Stereo System / Security System: $900–$39,425</li><li>POS System: $2,585–$17,403</li><li>POS System Connection to Private Network: $3,000</li><li>Professional Fees (lawyer, accountant, etc.): $475–$7,598</li><li>Business Licenses and Permits: $300–$16,711</li><li>Additional Funds for Three Months: $15,000</li></ul>Ongoing costs and fees include:<ul><li>Continuing Services and Royalty Fees: 6.5% of gross receipts for a standards franchise agreement</li><li>Corporate Advertising: Currently 1% of gross receipts</li><li>National Media Fund: 4% of gross receipts</li></ul>What Is the Franchise Fee for Jersey Mike’s?The Jersey Mike Franchise Fee, according to the brand’s 2022 FDD, is $18,500. This is the upfront fee that must be paid upon signing.&nbsp;Who Is the Leadership of Jersey Mike’s?<ul><li>Peter Cancro—CEO / Founder</li><li><a href="https://www.linkedin.com/in/mike-manzo-89a7549/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-jersey-mikes-franchise-costs-fees-profit-and-data-2720908" target="_blank" rel="nofollow">Mike Manso</a>—<a href="https://www.linkedin.com/in/mike-manzo-89a7549/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-jersey-mikes-franchise-costs-fees-profit-and-data-2720908" target="_blank" rel="nofollow">COO</a></li><li><a href="https://www.linkedin.com/in/walter-tombs-18003ba/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-jersey-mikes-franchise-costs-fees-profit-and-data-2720908" target="_blank" rel="nofollow">Walter Tombs</a>—<a href="https://www.linkedin.com/in/walter-tombs-18003ba/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-jersey-mikes-franchise-costs-fees-profit-and-data-2720908" target="_blank" rel="nofollow">CFO</a></li><li>Hoyt Jones—President</li><li><a href="https://www.linkedin.com/in/rich-hope-29397711/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-jersey-mikes-franchise-costs-fees-profit-and-data-2720908" target="_blank" rel="nofollow">Richard Hope</a>—<a href="https://www.linkedin.com/in/rich-hope-29397711/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-jersey-mikes-franchise-costs-fees-profit-and-data-2720908" target="_blank" rel="nofollow">CMO</a></li></ul>What Helpful Articles Can I Read to Learn More About Jersey Mike’s?<ul><li><a href="https://fddexchange.com/view-fdd-docs/jersey-mikes-2022-fdd-franchise-information-costs-and-fees/jersey-mikes-2022-fdd/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-jersey-mikes-franchise-costs-fees-profit-and-data-2720908" target="_blank" rel="nofollow">Jersey Mike’s FDD</a></li><li><a href="https://www.entrepreneur.com/franchises/jerseymikessubs/282476?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-jersey-mikes-franchise-costs-fees-profit-and-data-2720908#:~:text=Named%20fastest%2Dgrowing%20fast%2Dfood,percent%20over%20the%20previous%20year." target="_blank" rel="nofollow">Entrepreneur Magazine</a>—<a href="https://www.entrepreneur.com/franchises/jerseymikessubs/282476?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-jersey-mikes-franchise-costs-fees-profit-and-data-2720908#:~:text=Named%20fastest%2Dgrowing%20fast%2Dfood,percent%20over%20the%20previous%20year." target="_blank" rel="nofollow">Jersey Mike’s</a></li><li><a href="https://www.qsrmagazine.com/exclusives/culture-fuels-jersey-mikes-rise-sandwich-elite?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-jersey-mikes-franchise-costs-fees-profit-and-data-2720908" target="_blank" rel="nofollow">QSR</a>—<a href="https://www.qsrmagazine.com/exclusives/culture-fuels-jersey-mikes-rise-sandwich-elite?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-jersey-mikes-franchise-costs-fees-profit-and-data-2720908" target="_blank" rel="nofollow">Culture Fuels Jersey Mike’s Rise to the Sandwich Elite</a></li><li><a href="https://www.qsrmagazine.com/content/25-fastest-growing-fast-food-chains-america?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-jersey-mikes-franchise-costs-fees-profit-and-data-2720908" target="_blank" rel="nofollow">QSR</a>—<a href="https://www.qsrmagazine.com/content/25-fastest-growing-fast-food-chains-america?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-jersey-mikes-franchise-costs-fees-profit-and-data-2720908" target="_blank" rel="nofollow">The 25 Fastest-Growing Fast-Food Chains in America</a></li></ul>&nbsp;

Jersey Mike's Franchise Costs, Fees, Profit and Data

Franchise Deep Dive: Jersey Mike’s Franchise Costs, Fees, Profit and Data

1851 Franchise

Jersey Mike’s is known for serving a “sub above,” but are the franchise fees and ROI worth the initial investment?

franchise-deep-dive-jersey-mikes-franchise-costs-fees-profit-and-data

Atomic Wings

Milwaukee Business Journal: Atomic Wings Plans To Bring the Heat to Southeast Wisconsin

milwaukee-business-journal-atomic-wings-plans-to-bring-the-heat-to-southeast-wisconsin

Melting Pot

Melting Pot Showcases Fondue Fun and Franchise Opportunity on FOX & Friends

melting-pot-showcases-fondue-fun-and-franchise-opportunity-on-fox-friends

Right at Home

Leading In-Home Care Franchise Looks to Expand in Fort Wayne, Indiana

leading-in-home-care-franchise-looks-to-expand-in-fort-wayne-indiana

Why Melting Pot Is a Next-Level Upgrade for Existing Restaurant Operators

why-melting-pot-is-a-next-level-upgrade-for-existing-restaurant-operators

Sola Salons

Sola Salons: A Prime Multi-Unit Opportunity for Driven Entrepreneurs

sola-salons-a-prime-multi-unit-opportunity-for-driven-entrepreneurs

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Resources

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

Login

facebook

instagram

twitter

linkedin

youtube

PopUp Bagels Launches National Franchise Expansion with New CEO Tory Bartlett Leading the Charge

popup-bagels-launches-national-franchise-expansion-with-new-ceo-tory-bartlett-leading-the-charge

CPK Franchising - California Pizza Kitchen - 1851 Franchise

California Pizza Kitchen Is Now Franchising in the U.S.

cpk-franchising-california-pizza-kitchen-united-states

California Voters Reject $18 Minimum Wage Increase

california-voters-reject-18-minimum-wage-increase

McDonald’s Commits $100 Million to Aid Franchisees and Rebuild Trust After E. Coli Outbreak

mcdonalds-commits-100-million-to-aid-franchisees-and-rebuild-trust-after-e-coli-outbreak

Blackstone Acquires Majority Stake in Jersey Mike's, Signaling Ambitious Growth Plans - 1851

Blackstone Acquires Majority Stake in Jersey Mike's, Signaling Ambitious Growth Plans

blackstone-acquires-majority-stake-in-jersey-mikes-signaling-ambitious-growth-plans

Coffee News - Franchise Deep Dive - 1851 Franchise

Franchise Deep Dive: Coffee News Franchise Costs, Fees, Profit and Data

coffee-news-franchise-deep-dive

Radiance Holdings Announces Bob Bell as Chief Financial Officer

radiance-holdings-announces-bob-bell-as-chief-financial-officer

Franchise Deep Dive: Cousins Maine Lobster Franchise Costs, Fees, Profit and Data

franchise-deep-dive-cousins-maine-lobster-franchise-costs-fees-profit-and-data

Franchise Deep Dive: Bricks & Minifigs Franchise Costs, Fees, Profit and Data

franchise-deep-dive-bricks-minifigs-franchise-costs-fees-profit-and-data

U.S. Navy Reservist Brings Pigtails & Crewcuts to Clarksville, Filling a Community Need

us-navy-reservist-brings-pigtails-crewcuts-to-clarksville-filling-a-community-need

Franchise Deep Dive: Jersey Mike’s Franchise Costs, Fees, Profit and Data

MORE STORIES LIKE THIS