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LAST UPDATED: April 2025FRANCHISE WEBSITE:&nbsp;<a href="https://www.jerseymikes.com/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">https://www.jerseymikes.com/franchise</a>&nbsp;NUMBER OF LOCATIONS:&nbsp;3,000+REPORTED COST TO GET IN:&nbsp;$203,583 - $1,317,005&nbsp;&nbsp;REPORTED ROI (Item 19):&nbsp; $1,302,781 (average unit volume)<a href="https://www.jerseymikes.com/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">Jersey Mike’s</a> is a fast-casual sub sandwich franchise known for its fresh, high-quality ingredients and signature “Mike’s Way” toppings, which include onions, lettuce, tomatoes, vinegar, oil and spices. Jersey Mike’s differentiates itself with its freshly sliced meats, cheeses, and fresh-baked bread, as well as its commitment to customer service and community involvement.&nbsp;<h2>How Many Jersey Mike’s Are There?</h2>Founded in 1956 in Point Pleasant, New Jersey, Jersey Mike’s has grown to over 3,000 locations nationwide.&nbsp;<h2>What Is Jersey Mike’s Business Model?</h2>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:&nbsp;1,200-1,800 square feet</li><li>Frontage: 20’ minimum</li><li>Parking:&nbsp;12 spots per 1,000 square feet, 15 minimum</li><li>Signage:&nbsp;Jersey Mike’s standard sign to max size per code. For end cap locations, two signs preferred</li><li>Outside Seating:&nbsp;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:&nbsp;Full turn access from both main and side arteries</li><li>Co-tenancy:&nbsp;Dominant grocer in market, office supply and convenience users, full-price retailers, other quick casual and high-end QSR users a plus</li></ul><h2>How Much Can Jersey Mike’s Franchise Owners Make?</h2>The following represents the Unit Volume reported by franchisees in the 12-month period from January 1, 2023 through December 31, 2023.&nbsp;<figure class="table"><table><tbody><tr><td>Average</td><td>High</td><td>Median</td><td>Low</td></tr><tr><td>$1,302,781</td><td>$3,793,060</td><td>$1,272,804&nbsp;</td><td>$492,695</td></tr></tbody></table></figure><h2>How Much Does It Cost to Open a Jersey Mike’s?</h2>The total estimated initial investment ranges from $203,583 to $1,317,005. Below is a breakdown of the costs:&nbsp;<figure class="table"><table><tbody><tr><td>Type of Expenditure</td><td>Min</td><td>Max</td></tr><tr><td>Initial Franchise Fee</td><td>$18,500</td><td>$18,500</td></tr><tr><td>Real Estate &amp; Construction Fee</td><td>$5,000&nbsp;</td><td>$5,000&nbsp;</td></tr><tr><td>Rent/Lease, CAM/Taxes/Lease andUtility Security Deposits</td><td>$0</td><td>$57,069</td></tr><tr><td>Architectural Fees</td><td>$2,125</td><td>$25,979</td></tr><tr><td>Leasehold Improvements</td><td>$101,200</td><td>$586,363</td></tr><tr><td>Equipment/Furniture/Small Wares</td><td>$27,991</td><td>$243,152&nbsp;</td></tr><tr><td>Initial Inventory</td><td>$2,698</td><td>$37,850</td></tr><tr><td>Insurance</td><td>$1,000</td><td>$9,800</td></tr><tr><td>Training</td><td>$1,000</td><td>$68,000</td></tr><tr><td>Grand Opening Advertising</td><td>$12,500&nbsp;</td><td>$12,500&nbsp;</td></tr><tr><td>Exterior Signage</td><td>$2,145</td><td>$52,978</td></tr><tr><td>Interior Branding/Graphics</td><td>$1,610&nbsp;</td><td>$14,470</td></tr><tr><td>Uniforms, Office Equipment &amp; Supplies, TVs/Stereo System/Security System</td><td>$1,000&nbsp;</td><td>$70,639</td></tr><tr><td>POS System</td><td>$5,064</td><td>$29,598</td></tr><tr><td>POS System Connection to Private Network</td><td>$4,000</td><td>$4,000</td></tr><tr><td>POS License Fee</td><td>$2,000</td><td>$4,000</td></tr><tr><td>Professional Fees</td><td>$250</td><td>$34,107</td></tr><tr><td>Business Licenses &amp; Permits</td><td>$500&nbsp;</td><td>$28,000</td></tr><tr><td>Additional Funds (3 months)</td><td>$15,000</td><td>$15,000</td></tr></tbody></table></figure><h2>What Is the Franchise Fee for Jersey Mike’s?</h2>The franchise fee is $18,500, payable upon signing the franchise agreement.<h2>Who Is the Leadership of Jersey Mike’s?</h2><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 — 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 — 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 — CMO</a></li></ul><h2>What Helpful Articles Can I Read to Learn More About Jersey Mike’s?</h2><ul><li><a href="https://1851franchise.com/how-jersey-mikes-was-built-to-grow-2713738">How Jersey Mike's Was Built to Grow</a></li><li><a href="https://1851franchise.com/how-much-does-it-cost-to-open-a-jersey-mikes-franchise-2725054">How Much Does it Cost to Open a Jersey Mike's Franchise?</a></li><li><a href="https://1851franchise.com/jersey-mikes-hits-3000-locations-amid-unprecedented-growth-2728166#stories">Jersey Mike’s Hits 3,000 Locations Amid Unprecedented Growth</a></li><li><a href="https://1851franchise.com/blackstone-acquires-majority-stake-in-jersey-mikes-signaling-ambitious-growth-plans-2727945#stories">Blackstone Acquires Majority Stake in Jersey Mike's, Signaling Ambitious Growth Plans</a></li><li><a href="https://1851franchise.com/franchise-influencers-peter-cancro-founder-and-ceo-jersey-mikes-2721307#stories">Franchise Influencers: Peter Cancro, Founder and CEO, Jersey Mikes</a></li></ul>Want to learn more about franchise opportunities on 1851 Franchise? 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Franchise Deep Dive: Jersey Mike’s Franchise Costs, Fees, Profit and Data

1851 Franchise

Franchise Opportunity Deep Dive: Jersey Mike’s is a fast-casual sandwich franchise known for its fresh, high-quality ingredients, signature “Mike’s Way” toppings. 

Jersey Mike's Franchise Costs, Fees, Profit and Data for 2025

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