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Jersey Mike's

Information based on 2024 FDD
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Brand Highlights
  • Founded in 1956
  • Franchising Since 1987
  • 2647 US Franchises
  • $203,583 - $1,317,005 Investment Range
  • $1,302,781 Average Gross Revenue
  • 6.5% Royalty Fee
  • $18,500 Franchise Fee
Pre-qualification Amount

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Brand Description

Jersey Mike's Subs, established in 1956 in Point Pleasant, New Jersey, is a renowned fast-casual restaurant chain specializing in authentic Northeast-American style submarine sandwiches. Known for its commitment to quality, each sub is prepared "Mike's Way®," featuring fresh-baked bread, premium meats and cheeses sliced to order, and topped with onions, lettuce, tomatoes, and a signature blend of olive oil and red wine vinegar. Under the leadership of CEO Peter Cancro, who began his journey with the company as a teenager, Jersey Mike's has experienced significant growth, expanding to over 3,000 locations across the United States and internationally. The brand's dedication to quality ingredients, exceptional customer service, and community involvement has solidified its position as a leader in the submarine sandwich industry. In November 2024, Jersey Mike's announced a significant development, with private equity firm Blackstone acquiring a majority stake in the company, valuing it at approximately $8 billion.

DID YOU KNOW?

How much does it cost to start a franchise with Jersey Mike's?

$203,583
$1,317,005
Did you know that bringing Jersey Mike's famous "Mike's Way" submarine sandwiches to your community requires a total investment between $203,583 and $1,317,005, which includes the $18,500 franchise fee plus all the equipment, build-out costs, and working capital needed to slice fresh meats and cheeses in your own authentic Jersey Mike's location?
Financial Summary
Franchise Fee
$18,500
Investment Range
$203,583 - $1,317,005
Investment Midpoint
$760,294
Minimum Cash Required
$203,583
Royalty Fees
6.5%
Brand Fund
1%
Brand Bragging Rights
Revenue 114% Above Sub-sector Average
2,675+ Successful Units Nationwide
Premium Brand, Premium Returns
Established Since 1956, Still Growing
Financial Analysis
Jersey Mike's requires an investment range of $203,583 to $1,317,005, positioning it as a mid-to-premium tier franchise opportunity within the sub sandwich sector. While the minimum investment falls below the sub-sector average of $419,677, the maximum significantly exceeds the sector ceiling of $864,432, reflecting varying real estate and market conditions. This wide range accommodates different market sizes and locations, from smaller format stores to flagship locations.

The franchise demonstrates exceptional system maturity with 2,675 units and nearly 70 years of operational history since 1956. This extensive footprint indicates proven scalability and franchisor expertise in supporting multi-unit development. The reported gross revenue of $1,302,781 substantially exceeds the sub-sector average of $608,302, suggesting strong brand performance within the competitive sandwich segment.

The quick-service restaurant model requires hands-on management and operational complexity, as acknowledged by the franchisor's emphasis on energy and commitment. The sandwich sector faces intense competition but benefits from consistent consumer demand for convenient, customizable meal options. Jersey Mike's "made fresh" positioning differentiates it within the crowded QSR landscape.

Ideal investors should possess substantial liquid capital given the investment ceiling, restaurant industry experience, and community engagement focus. The franchise emphasizes selective growth, indicating rigorous qualification standards. Multi-unit development opportunities exist for qualified operators, though territory availability may be limited in established markets. Prospective franchisees must review the complete FDD for detailed investment breakdowns and operational requirements.", "brand_bragging_rights": [ "Nearly 70 years operational history", "2,675+ units nationwide footprint", "Made fresh in-store preparation", "Revenue exceeds sub-sector average significantly", "Established brand recognition and loyalty", "Community-focused business model approach
Expected Investment Range
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Average Gross Sales
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Financing
Financing Details

Franzy connects you with top-tier financing partners to help secure the funds to invest in a franchise like Jersey Mike's. Whether you're looking for a loan or exploring other financial products, our partners provide expert guidance to ensure you obtain the necessary capital. They specialize in offering solutions tailored to the needs of franchisees, making the process of securing financing smooth and straightforward.

Why Financing with Franzy Partners?

Choosing to finance through Franzy's partners ensures you get the best terms and support for your franchise investment. Our partners have extensive experience in the franchising industry and offer specialized financial solutions tailored to your needs. With competitive interest rates and flexible repayment options, you can find the right financing plan that fits your budget and goals. Our partners are committed to providing personalized guidance throughout the financing process, making it easier for you to secure the necessary funds and confidently move forward with your franchise venture.

Finance Partners
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Golden Capital Solutions

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Location Analysis
Jersey Mike's demonstrates robust national presence with widespread coverage across the United States, showing particularly strong concentration in the Northeast and Mid-Atlantic regions. The brand maintains notable market presence in Michigan, Virginia, New York, North Carolina, and New Jersey, indicating successful market penetration in diverse demographic areas. The franchise maintains a strong customer satisfaction rating based on thousands of customer reviews, suggesting consistent service quality and brand execution nationwide.

Key market analysis reveals strategic positioning in suburban shopping centers and high-traffic retail corridors, with successful locations typically featuring strong daytime population density and median household incomes above $50,000. The franchise shows particular strength in college towns and business districts, leveraging lunch crowds and delivery services. While the Northeast shows market maturity, significant expansion opportunities exist in the Western and Southwestern states, where market penetration remains lower.

Ideal locations demonstrate substantial population density within a 3-mile radius, proximity to office complexes or educational institutions, and accessible parking with strong street visibility. The brand's success across diverse markets from the Midwest to the Eastern seaboard suggests adaptability to various demographic profiles, though performance typically excels in areas with higher educational attainment and median incomes.
Total US Locations2675
Open Franchises2647
Corporate Locations28
Average Sq. FootN/A
Territory Map

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Franchise Net Unit Growth
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Additional Information

Executive Team

Get to know the leadership behind Jersey Mike's. Learn about the experience and expertise of the executive team guiding Jersey Mike's's success. For more details, refer to Item 2 of the Franchise Disclosure Document (FDD).

Litigation

Review any legal actions or pending litigation involving Jersey Mike's. Understanding the legal history helps assess potential risks and the brand's business practices. For more details, refer to Item 3 of the Franchise Disclosure Document (FDD).

Bankruptcy

Review Jersey Mike's's bankruptcy history and any filings by key personnel or affiliates. This critical information provides transparency about the brand's financial stability and management. For more details, refer to Item 4 of the Franchise Disclosure Document (FDD).

Franchisor Assistance

Learn about Jersey Mike's's comprehensive support system for franchisees, including initial training programs and continuous operational assistance. Understanding the available resources and support structure is crucial for franchise success. For more details, refer to Item 11 of the Franchise Disclosure Document (FDD).

Frequently Asked Questions
Disclaimer

The information provided on this page is based on the latest Franchise Disclosure Document (FDD) that is publicly available and that we have on record, which was issued in 2024. This information is for informational purposes only and is not intended to constitute legal, financial, or business advice. We make no guarantees or claims regarding the completeness or accuracy. For the most current and detailed information, we recommend consulting the franchisor directly for the most recent FDD and regarding any questions that you may have about the information provided.

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