Jersey Mikes offers an outstanding and profitable franchise restaurant concept that focuses on fresh ingredients, served right to the customers. This model creates a high-volume business with advantageous profits and delicious food items - drawing in loyal followers who truly appreciate this revolutionary idea! With streamlined operations requiring minimal personnel and just one individual, Jersey Mikes is a model of efficiency. To ensure optimal success for all employees, the restaurant offers an intensive 8-10 week training program with classroom instruction in store. Founded in 1956 at Point Pleasant, NJ as Mikes Subs, Jersey Mike's has been a leader in providing quality food to customers since day one.
How much does a Jersey Mike's Subs Franchise cost?
The initial investment for a Jersey Mike's Subs franchise ranges between $144,668 – $786,233. This includes the initial franchise fee of $18,500 and the cost of equipment, supplies, marketing materials and more. Additionally, the franchisor can offer financing options to help with startup costs if needed.
Want to discover a franchise that costs less and makes more than Jersey Mike's? Contact The Franchise Insiders today!
What are the ongoing fees associated with a Jersey Mike's Subs Franchise?
The ongoing fees associated with a Jersey Mike's Subs franchise include a royalty of 6.5% of gross receipts for a standard franchise agreement and a National Media Fund of 4.0% of Gross Receipts. The franchisor also charges additional fees for marketing, consulting, training and more.
Average Jersey Mike's Franchisee Profit
In 2021 the average unit revenue for Jersey Mike's was $1,049,047 (taking into account the average for all units).
When you figure the average total franchisee investment was close to $574,323 and the average annual net profit per location was $157,356 you can figure it will take you about 3.64 years to make a profit. Not bad but for an investment this high we'd like to see this profitability much sooner.
Overall, Jersey Mike's Subs is a solid concept that offers great food and an excellent business model. As an owner/operator, you can leverage your investments to make a steady profit with the help of the franchisor’s training and support. It could be rewarding both professionally and financially. Good luck!
Want to discover a franchise that can be run for you 100% absentee and makes more than Jersey Mike's? Contact The Franchise Insiders today!
How Many Locations Does Jersey Mike's Have?
As of January 17, 2023, an impressive 2,412 Jersey Mikes stores are scattered throughout the United States. California reigns as king with 337 locations total - that's a whopping 14% of all Jersey Mike establishments nationwide!
Is the Profit worth the Jersey Mike's Franchise Cost?
The answer is yes! With an average annual net profit of $157,356 and a total franchisee investment of around $574,323 having a Jersey Mike’s Subs Franchise could be well worth the cost. The franchisor also offers plenty of support and training to ensure your success so you can maximize your return on investment.
How much do Jersey Mike's franchise owners make?
$157,356 is the average net profit per location.
Is owning a Jersey Mike's franchise profitable?
Yes. Better if you own multiple units.
"The average annual net profit per location is $157,356. With this figure in place, it would take you about 3.64 years to make a return on your investment with the help of the franchisor’s training and support."
What type of support does Jersey Mike's offer?
Jersey Mike's offers an intensive 8-10 week training program with classroom instruction in store, as well as ongoing support for all franchisees. This includes marketing materials and advice on how to best manage the business operations. Additionally, a customer service team is available to answer any questions you may have. The franchisor also offers plenty of options such as financing assistance and other discounts to help lower the cost of starting and running your business.
Want to discover a franchise that costs less and makes more than Jersey Mike's? Contact The Franchise Insiders today!
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