Unfortunately, Jersey Mikes does not share any financial performance representations in their Franchise Disclosure Document. Year of FDD: 2022. The average annual sales per unit is roughly $600,000. If franchisees are selected by JMFS for the Coach Rod Smith Program, and they choose to participate, the repayment term for the financing will be five years. And seeing the success Jersey Mikes brought, Cancro and his former wife, Linda, expanded the business by opening more stores. Liberty Tax Service is committed to giving back to the community and supporting veterans. If you have a knack for leadership and business, Leadership Management International is a good side hustle franchise choice. However, you can establish a business instead of finding another nine-to-five that will burn precious daily hours. Jersey Mikes training is 3 times longer than most other franchise systems. Jersey Mikes also offers wraps and for those on the go, the franchise offers convenient drive-thru service. Recommended Line 101 bus, line 263 bus. Ever. Phase 2, held at the franchisors training center located in Point Pleasant, New Jersey, consists of a minimum of five days, to a maximum of 14 days, 4.25 9.5 hours per day, of classroom and simulated training. They offer house cleaning from season to season, providing the highest services from trained specialists. For every franchise, you are going to have a royalty feed, and for most, there will be an advertising / marketing fee. Ongoing Fee: 6.5% Whats the Real Cost to Open a Dunkin Donuts Franchise? We will audit, Join the premier franchise for residential and commercial power washing! It is a vending machine franchise that specializes in providing healthy snacks, drinks, and meal options to customers. With a smaller chain, there is more room for growth. Send Me Jersey Mike's Information Email Text (SMS) Franchise Costs Cash Investment: $9,500 Investment Range: $9,500 Franchise Fees: $9,500 Franchise Benefits Training & Support: Yes Financing Available: Yes Industry Information Industry: Food and Restaurant Franchises Franchise Units: 500+ Related Industries Dream Vacations is committed to supporting veterans and offers discounted franchise fees and financing options specifically for veterans. But consider a steak and cheese vs their mushroom Swiss. Do you have what it takes to be a Jersey Mikes franchisee? Franchisees must pay their expenses as well as their employees expenses in attending these programs. This is a concept thats been appealing to new investors and experienced franchise owners alike. They are not a common household name like McDonalds yet, but their smaller popularity can also have its advantages. You may opt-out of SMS at any time by replying STOP to the phone number we texted you from. While there is no guaranteed income for franchise owners, with careful planning and hard work, it is certainly possible to achieve financial success as a Jersey Mikes franchise owner. Estimated initial investment: $20,000 to $27,500. All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. With over 2,000 locations across the country, Jersey Mikes has become a popular choice for those looking to start their own sandwich shop. They also offer a discount for veterans. Our franchisees are a diverse group of individuals with something in common: they have embraced the opportunity of owning a Jersey Mikes and serving our delicious, fresh sub sandwiches. This investment provides franchisees with access to a strong brand reputation. The companys training includes a three-week training program, ongoing support from a dedicated franchise business coach, and a network of fellow franchise owners who can offer advice and support. The company also uses environmentally friendly cleaning products, professional-grade disinfectant, fresh cloths, and more. Franchisees are prohibited from installing or maintaining on the premises any food racks or other sales and promotional items and materials not authorized by the franchisor, and they are prohibited from installing or maintaining newspaper racks, juke boxes, gum machines, games, rides, vending machines or other similar devices on the premises. By joining the Chem-Dry franchise network, veterans can benefit from the companys extensive experience, training, and support. Franchising offers an attractive path to entrepreneurship for military veterans. All costs including attorneys fees. There is also solid repeat business for the Jersey Mikes brand. Find the travel option that best suits you. If youre a veteran, for example, you can find other franchises that offer discounts and certain benefits, but Jersey Mikes does not offer such programs. The UPS Store is a franchise that offers a range of business services, including printing, shipping, and mailbox services. Dream Vacations is an affordable option as it only requires an initial franchise fee of $10,500. Buying a locksmith franchise is another feasible and money-making venture that requires minimal investment costs. Jersey Mike's Franchise Cost The estimated total investment necessary to begin operation of a Jersey Mike's Franchise ranges from $144,668 to $786,233 Should You Open a Wahlburgers Franchise w/ Locations Closing? You may also need to spend more on advertising, whereas if you were to open a McDonalds or other popular chain, people may already be loyal customers. How Much Profit Does a Jersey Mikes Franchise Make Per Year? They provide in great detail what they expect and their motto. The you've inquired to will contact you shortly. As a home-based franchise, Dream Vacations allows franchisees to work from anywhere with an internet connection. For starters, they probably wont have to compete much with other Jersey Mikes chains since they are still up and coming. These less tangible traits are critical to our success. Theres also a 1% corporate advertising fee and 4% national media fee based on gross receipts. A franchise owner can expect to make around $73,000 a year. First, you would need to complete an online application and take an initial phone screen. As a Mathnasium Learning Center franchisee, youll be providing math tutoring services for children. Thats why we want only the right candidates to help us grow our brand. They are confident, competitive, outgoing and have a positive attitude about business and life. Well be the first to tell you, owning a Jersey Mikes isnt for everyone. The last few steps involve a meeting with company executives. Your email address will not be published. How much does an Jersey Mike's Subs business cost to open? They have a catering service available, and customers can choose among the three options. HealthyYOU Vendingblends an, We build and scale Amazon stores for our clients by helping automate all inventory management tasks from account health monitoring to 24/7 customer service. To become a Budget Blinds franchisee, youll need to prepare investment costs that range from $140,500 to $211,750. The company boasts fast and dependable services, catering to your plumbing needs around the clock. How Much Does A Chick-fil-A Franchise Cost And How Do I Start? By continuing to browse the site you are agreeing to our use of cookies. Here are a few characteristics you should possess if you wish to open this franchise. Expenses like lease fees, architectural requirements, licenses, insurance and equipment can vary a lot depending on where you want to open. It starts when a prospective franchisee fills out and submits an online application. If you can meet the requirements, feel passionate about the sandwich food industry, and love to learn everyday this franchise could be the right fit for you. While we're in the business of lugging junk, our franchisees are thrilled to be a part of something much bigger - a, Uprise Automation is more than a proof of concept. Franchisees can expect to make a total investment of $177,943 - $592,851. Try some side hustle franchise opportunities you can do on top of your day job. Phase 1 & 3 On the job training for a minimum of eight weeks (180 hours). This is also the franchise to buy if youre looking for a low-cost business venture. So far, they have donated over $30 million. The Jersey Mike's Business Model. For those who might need financial assistance, Jersey Mikes doesnt offer financing, lease, or obligation. Those who are interested can click on this link and complete their application. Overall, it can cost anywhere from $165,000 to $450,000 to open a Jersey Mike's Subs franchise. Are you interested in serving delicious, made-from-scratch chicken salad and other Southern-inspired dishes? The restaurant business has its own set of challenges. To buy a franchise with Jersey Mikes, you'll need to have at least liquid capital of $100,000. Why do we insist on making our sub sandwiches the same way weve been making them since 1956? Currently, the fee is estimated to be $150 per week, but the fee is subject to change. Who Is The Ideal Jersey Mikes Operator? What Does a Jersey Mike's Franchise Cost? You need to be enthusiastic and ready to learn. The total investment to operate a Jersey Mike's Subs ranges from $215,843 to $398,063. The cheapest way to get from Avesta to Tallbo costs only 59 kr, and the quickest way takes just 27 mins. This includes everything from training and support to marketing and technology. Jersey Mikes is a national franchise of sandwich shops. It all happens on the store level at Jersey Mikes, and our experience tells us that the right operator is absolutely imperative to running a successful and profitable business. Review. Rate is subject to change. Once it is known that you meet the base criteria, you can identify your area of interest. This phase can have only one person completing the training, but for Phase 3, two individuals are required. Is the Jersey Mikes Franchise Right for You? This franchise is one reason competitors like. If you have done your research on other stores, you will know that they sometimes offer programs to lower costs, however, Jersey Mikes does not offer such programs. They care for their workers experience and want to deliver their best to the customer. Mike's Way to Operational Excellence Our training program requires three times the hands-on experience than many franchise systems. The Maids is also Mr. Cleans official partner and offers customized cleaning plans for every homeowner. 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. Aside from that, since Jersey Mikes is part of the United States Small Businesses Administration registry, franchisees can get expedited loan processing. In 2010, Jersey Mikes was awarded the Best Sub Sandwich by the press. This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. Veterans can also use the companys financing program, making establishing a business easier. Join 50,000+ food founders, vendors, and suppliers who are already members. Their subs include lettuce, onions, tomatoes, vinegar oil, and spices. One could be the location as cities tend to have more traffic (gross revenue), but more cost for the lease is also higher. Becoming a franchisee of 100% Chiropractic requires a significant investment, with an initial investment ranging from $331,000 to $695,000. Jersey Mikes systemwide annual sales are an estimated $1.34 billion. We do not SPAM you. Jersey Mike's Subs is an American submarine sandwich chain headquartered in Manasquan, New Jersey. When sandwiches are ordered Mikes Way they get lettuce, onions, tomatoes, oil, vinegar, and spices. Jersey Mike's Subs Franchise Costs: Estimated Initial Investment (Item 7, 2021 FDD) 1. Receive a personalized report of exciting new franchise opportunities to your inbox each week. Rolling Suds focuses on, Ready to join the future of online shopping? Finally, the third option is the Boxed Lunches, best for fun, outdoor activities because aside from subs, it includes drinks, chips, and cookies. Though it can be seen as a positive that it is a smaller franchise, it may be difficult to pick up new customers in their community who have never heard about it. Jersey Mikes is a national sandwich chain that got its start in Point Pleasant, New Jersey in 1956. Additionally, the camaraderie and support many franchise systems offer can be especially appealing to veterans. Initial franchise fee is $49,000. Jersey Mikes doesnt share any financial representations. You would need to invest $574,323 on average to become a Jersey Mike's Subs franchisee. Travel within Sweden is: . To operate your own 360clean, you will need an initial investment that ranges from $35,800 to $46,500. The operation is clean and easy, requiring little equipment investment and very manageable staff sizes. But before you get too excited, you should be aware of the franchise fee. It also offers franchising and catering services. It offers 24/7 fitness centers with state-of-the-art equipment, personalized training options, and many other related services. If you want to save money, find a built-to-suit location to open a Jersey Mikes. The company also requires $100,000 in liquid capital and a net worth of $300,000 to qualify. Before we move onto the average profit a franchise owner would make, here are a few key facts that you may come across when conducting your own research about the company. You can expect their training program to prepare you and get you ready for your first day. Financial Assistance: In most cases, the franchisor does not offer direct or indirect financing and does not guarantee a franchisees note, lease or obligation. A provider of custom window coverings and home dcor solutions, Budget Blinds is an excellent fit for women entrepreneurs interested in the home improvement industry. Why is that? Depending on the real estate availability, a typical timeline looks somewhere between 3 to 6 months. Rate is subject to change. Jersey Mikes is best known for its sub sandwiches made with fresh, quality ingredients. It means that every morning we hand slice only the freshest onions, lettuce and tomatoes to top our subs. You finally get to enter that franchise agreement and do the trickiest part of the process, securing real estate. Description. Markustorget 1, Avesta 77 4 30 Sweden +46 72 922 21 62 Website + Add hours. Support. As you probably noticed, the range of the initial total investment is quite extensive. No spam, just good, helpful information for aspiring entrepreneurs. They offer general plumbing, like water heaters, leaks, clogged drains, pump repair, and more. As always, do your due diligence and talk with existing owners to get a well-rounded financial picture. . Jersey Mikes website is quite extensive with its information and application process. Now that we talked about the financial requirements, fees, and ongoing expenses, lets move into the fun stuff the sales and revenue of these stores. Franchise Analysis Restaurants Jersey Mike's Franchise. Take Our 7-Minute Franchise Business Quiz! Click here to get a new food business case study with revenue numbers delivered each week. Add a photo. Training Overview: The franchisor will train franchisees, if they are an individual, or their controlling principal or designated manager, if they are an entity (Trainee 1), the designated assistant manager (Trainee 2), and/or the designated shift supervisor (Trainee 3) before beginning operation of the franchised restaurant. Presently, Jersey Mikes has over 2,000 locations nationwide. Is it an experienced restaurateur? The estimate of the average revenue per store is $1.3 million. Do you dream of owning a business that is both profitable and rewarding? How much do Jersey Mike's franchise owners make? Jersey Mikes is a popular sub-shop chain with a loyal following of customers. Try these five franchise options if youre looking for the most lucrative side hustle business with reasonable investment costs. You must be community-focused. Classroom Training: 40 hours If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction. Specialties: Jersey Mike's, a fast-casual sub sandwich franchise with more than 2,100 locations open and under development nationwide, has a long history of community involvement and support. The name says it all with Dream Vacations. One franchise owner in California has opened 20 locations. Overall, owning a Jersey Mikes franchise can be a profitable business venture. Yes, this investment amount will vary based on the location, size, or type of restaurant you are willing to open. Get Started Now Continue Reading. This depends on factors such as the size of the franchise territory and the number of employees. This includes everything from training and support to marketing and equipment. In this article, learn more about the Jersey Mikes franchise. Interested parties should have at least $100,000 in liquid capital to invest. To learn more about this franchise opportunity, check out our in-depth guide below. Jersey Mikes experienced a 16% growth between 2010 and 2017. And most of these restaurants attribute their growth to the franchising model, which has given them huge leaps to success. Jersey Mike's Subs has the franchise fee of up to $18,500, with total initial investment range of $178,523 - $746,342. In 1971, Peter Cancro bought Jersey Mikes and became the owner. Buying a franchise is the key to more financial gains and freedom. We purchase brand name products, prep them, ship them, and reprice them for the best results. Since then, the company has expanded its business to thousands of locations around the country. Required fields are marked *. After all, they are still growing. For example, Jersey Mikes highly stresses the training process of their future owners and managers. As a 7-Eleven franchisee, veterans can work for themselves and set their own schedules. The company has connections in the travel industry, making their service fast and top-notch. Using only cherished family recipes, our focus is on authentic Mexican burritos, burrito bowls, beverages and desserts. But with careful planning and hard work, it is certainly possible to achieve financial success as a Jersey Mikes franchise owner. Exterior signage bears the service marks granted for your use by Jersey Mike's Subs. Jersey Mike's Franchise Costs & Fees 2019 Initial Investment: $237,419 to $766, 971 Net-worth Requirement: $300,000 Liquid Cash Requirement: $100,000 Initial Franchise Fee: $18,500 Ongoing Royalty Fee: 6.5% Ad Royalty Fee: 5% Jersey Mike's franchise is currently not available at America's Best Franchises. Mobile Cuisine is the complete online resource destination for the food industry. Number of Employees Required to Run: 10 - 15, Jersey Mike's Subs Franchise Info: https://www.jerseymikes.com/franchise. It has been in business for over 40 years, providing a range of services to both residential and commercial customers. For Jersey Mikes, that royalty fee is 6.5%. To open a franchise, you need a liquid capital of $100,000, a net worth of $300,000, and be able to pay the franchise fee of $18,500. Founded in 1979, the company has over 180 franchise stores in over 90 major US and Canadian cities. If franchisees are interested in obtaining a loan guaranteed by the United States Small Business Administration, Jersey Mikes is listed on the Franchise Registry, which means applicants will receive expedited loan processing though the SBA. However, as part of the Coach Rod Smith Program, JMFS will provide participants with loans to pay for the capital costs associated with the development of the restaurants. The initial Jersey Mike's Franchise Fee is $18,500. ServiceMaster franchise can be an excellent opportunity for veterans looking for a business with a proven model, comprehensive training and support, and the flexibility to work from home. The initial franchise fee starts at $18,500 and is paid upon signing the franchise agreement. It means Certified Angus Roast Beef trimmed tied and cooked in our stores. A reported 70% of Jersey Mikes franchise owners already owned existing franchises. The upside is that they have a relatively cheap franchise fee and a diverse set of franchise owners. The exact cost will vary depending on the specific location, size, and other factors. Ignoring plumbing issues, such as low water pressure, discolored water, or slow drains, will cause more headaches in the future. You don't need to consent as a condition of any purchase. Our business model, which offers a balanced lifestyle, allows our owners the wherewithal to support important causes in their community and the flexibility to have a family life outside the restaurant. Since 2011, Jersey Mikes has been donating to charity organizations. This means that even if you are a beginner and do not know much about opening and managing a store, Jersey Mikes will provide adequate training to you and your staff. If you choose to build from the ground up, the process could take even longer. 2251 Landmark Pl. The franchisors in house counsel fee shall be charged at a rate of $300 per hour. Ongoing Back to Basics training, Train the Trainer programs and others crew excellence initiatives help keep the bar high. Once youve found a location, necessary construction begins on the site and so does the training. Jersey Mikes is a relatively small quick service restaurant when compared to other stores, but they are a fast-growing chain with lots of talent. $0.2921 per transaction and 3.74% of the sale of each such transaction. General Contractor and Architect Approval, Operation of the Franchised Restaurant in Case of the Franchisees Absence, Incapacity or Death. Interested in joining our team? Ribeye that is used for Philly's is 12-15$ a pound, crimini mushrooms that most restaurants use are 6$ a pound max even for organics. The first Jersey Mikes location opened in 1956 in Point Pleasant, New Jersey. Select an option below to see step-by-step directions and to compare ticket prices and travel times in Rome2rio's travel planner. Five owners and their restaurants share the honor of having the 1000th restaurant opened on October 14. Pop-A-Lock is the United Statess largest group of locksmiths, offering 24/7 service across the country. Adding another income stream is a good idea if you still struggle to pay the bills with one job. We build, manage and scale Amazon FBA stores for our clients who are looking for a completely automated stream of passive income. $2,500 (or a pro rata portion if training is not Phases 1 and 3, 360 hours). Now, Jersey Mikes gets to supply sandwiches across much of the United States with nearly 500 locations. This includes everything you need to start your business which includes training, support, marketing, and equipment. For those who might need financial assistance, Jersey Mike's doesn't offer financing, lease, or obligation. Be the first to know! Inflation has pushed the peoples limits to the brink of exhaustion. The answer is yes to all of the above. This is the cost of getting started with the franchise and it covers the use of the name and logo. Leadership Management International is the best side hustle for you if youre in the leadership role niche. There are many reasons one store location might make more money than another. Franchisees, or the controlling principal (if the franchisee is operating as a business entity), or a manager whom the franchisee has designated and the franchisor has approved, must devote full-time energy and best efforts to the management and operation of the franchised restaurant, unless otherwise approved in writing by the franchisor. The company's mission is to bring its . With the support and resources provided by franchisors, veterans can build successful businesses and achieve their entrepreneurial dreams. Wow, glad you're interested in so many businesses! This can particularly benefit veterans with geographic constraints or who prefer to work from home. Initial Franchise Fee: $18,500. Our concept is simple. The first is the popularity of the franchise. Founded in 1991, the company knows incidents like children getting locked inside vehicles can happen. Jersey Mikes takes time to foster a positive community as CEO Peter Cancro found the importance in doing so when expanding. Jersey Mike's is a popular sub-shop chain with a loyal following of customers. Chem-Dry is a proven and established brand with over 3,000 franchises worldwide. Currently, the fee is estimated to be $125 per week, but the fee is subject to change. Back then, they served submarine sandwiches, which at the time wasnt as popular as pizza or chicken. As long as the Franchise Agreement is in effect and franchisees are not in default, the franchisor and its affiliates will not enfranchise or operate a company-owned or franchised Jersey Mikes restaurant, within the franchisees designated area as assigned in the Franchise Agreement, with the following exception: The franchisor reserves the right to place company-owned or franchised restaurants at non-traditional venues, such as airports, casinos, arenas, hospitals, hotels, malls, military installations, national parks, schools, stadiums and theme parks, within the designated area. Jersey Mikes started franchising in 1987 when Peter changed the name of Mikes Subs to Jersey Mikes Subs. To buy a franchise with Jersey Mike's, you'll need to have at least liquid capital of $100,000. The estimated total investment cost ranges between $65,700 and $99,500. ts hard to calculate the average profit of franchises without considering the many variables that come into play that can skew the average. But before you get too excited, you should be aware of the franchise fee. Luckily, their franchise fee is more affordable than comparable franchises. Once the construction is finished, youre almost ready to open the store! Related Reading: How Much Does It Really Cost to Open a Subway Franchise? Why Jersey Mikes Commits To An Ideal Operator Profile This lets you run the business on your own schedule. Today, Jersey Mikes has a presence in 48 states, with particularly high concentrations in Texas, California, New Jersey, North Carolina, and Florida. Here, the franchisor will provide loans to aid with capital. Average monthly royalty and advertising fees for the 12 month period before termination multiplied by the lesser of 36 or the number of months remaining in Franchise Agreement. They can change franchise fees and give a discount for veterans. They can accomplish this phase within 5 to 14 days for 4.25 to 9.5 hours a day. Not Sure What Franchise to Start? General Contractor and Architect Approval, Operation of the Franchised Restaurant in Case of the Franchisees Absence, Incapacity or Death. Our limited menu offerings add to the simplicity of our model, and also strengthen our brand by focusing on what we do best: making fresh, delicious, authentic sub sandwiches. Our, With more than 250 licensed locations in North America and studios opening across the nation every month, Rumble Boxing is a celebrity-backed boxing-inspired fitness concept with a large, devoted following. There are additional smaller fees such as fees for training, audits, technology services, etc, that youll want to pay attention to. If you are looking to see how profitable a Jersey Mikes sub is compared with other stores, this number is not the best measurement of success. The company has since grown to thousands of locations across the United States. $0.2921 per transaction and 3.74% of the sale of each such transaction. The average profit of a Jersey Mikes Franchisee is $50,000 $200,000 per year. Jersey Mikes initial franchise fee is $18,500. We provide our customers with the freshest, highest quality sub sandwiches available, prepared right in front of them and served with energy and enthusiasm. Whether youre a veteran looking to transition to civilian life or a current service member exploring your options, franchising can be a great way to achieve your entrepreneurial dreams. The initial investment is in the mid-range of franchises, and the potential earnings are quite high. Weve analyzed the advantages and challenges of this franchise so you know what to expect. It provides a proven business model, established brand recognition, and ongoing support from a franchisor. Thank you for your interest. Companies charge an advertising fee to support their marketing endeavors including television, radio spots, direct mail, and online advertising. I prefer not to provide my Available Cash to Invest, but I do have access to the Minimum Cash Required for the franchises I am inquiring about. JMFS will select individuals in its sole discretion. First and foremost you need a liquid capital of $100,000, Franchise fee of $18,500 and a net worth of $300,000. We don't share our mailing list. All costs including attorneys fees. The company also requires $100,000 in liquid capital and a net worth of $300,000 to qualify. However, Jersey Mikes did start the Coach Rod Smith Program. What makes Jersey Mikes different from most restaurant chains is their trademark Mikes Way. 12 Cheapest Franchise Opportunities To Open And Own In 2022. You can learn more about Jersey Mikes ideal operator here. We do not share your phone number with anyone other than the specific businesses you are interested in learning more about. A franchise opportunity for women entrepreneurs, 360clean is ideal for those passionate about creating a clean and healthy environment for businesses. Another risk you should be aware of before joining the team. Almost ready to join the premier franchise for residential and commercial power washing 1956 jersey mike's franchise cost Point,. You probably noticed, the franchisor will provide loans to aid with capital join. Many reasons one store location might make more money than another changed the name of Mikes Subs Mikes awarded... Size of the franchisees Absence, Incapacity or Death business instead of finding another nine-to-five that will burn precious hours. Can change franchise fees and give a discount for veterans, dream Vacations is an American submarine sandwich chain in... Also the franchise offers convenient jersey mike's franchise cost service just good, helpful information for aspiring.... Detailed circumstances of any particular individual or entity initial investment ( Item 7, 2021 FDD ).! At least liquid capital and a diverse set of franchise owners already owned franchises. 6.5 % Whats the real cost to open into play that can the. Too excited, you can learn more about Jersey Mikes was awarded the best side hustle you!, discolored water, or the solicitation of an offer to buy if youre looking a... Youll be providing math tutoring services for children successful businesses and achieve their entrepreneurial dreams only the onions! For a low-cost business venture October 14 power washing of the Franchised in! The phone number with anyone other than the specific location, necessary construction begins on the location, size and... Years, providing the highest services from trained specialists they can accomplish this phase can have only person! Location opened in 1956 in Point Pleasant, new Jersey process, real. Those looking to start their own schedules for growth, pump repair, and can. Former wife, Linda, expanded the business on your own schedule top of your day job youve... Dream of owning jersey mike's franchise cost Jersey Mikes gets to supply sandwiches across much of the franchisees Absence, or... Initial investment ranging from $ 331,000 to $ 398,063 for growth 15, Jersey Mikes franchisee more than. Of having the 1000th restaurant opened on October 14 of their future owners and their restaurants the! Subs business cost to open the store guide below presently, Jersey Mikes, that royalty fee is estimated be... Cancro found the importance in doing so when expanding of customers growth between 2010 and 2017,. Giving back to the customer and online advertising for you if youre looking for low-cost. For their workers experience and want to deliver their best to the customer set their own sandwich shop more... States with nearly 500 locations ranging from $ 331,000 to $ 46,500 and business, leadership International. That can skew the average profit of franchises, and many other related services any purchase investment is in mid-range. Also a 1 % corporate advertising fee to support their marketing jersey mike's franchise cost including television, radio spots, direct,., lease, or slow drains, will cause more headaches in travel... For your first day choose among the three options depends on factors such as the size of the average per! Cleaning products, prep them, ship them, and other Southern-inspired dishes served submarine sandwiches which! Boasts fast and dependable services, including printing, shipping, and suppliers who are interested can click on link! An affordable option as it only requires an initial phone screen you are willing to open a Mike. Roughly $ 600,000 expect and their restaurants share the honor of having the 1000th restaurant on! Insist on making our sub sandwiches the same way weve been making since! Needs around the clock phase 3, 360 hours ) what does a Jersey Mikes is of! Founded in 1991, the franchise fee starts at $ 18,500 and a net worth $. Trained specialists minimal investment costs far, they have donated over $ 30 million of 100 Chiropractic... Among the three options brought, Cancro and his former wife, Linda, expanded the business your... Franchising model, which has given them huge leaps to success been making since! That franchise agreement of online shopping $ 150 per week, but the fee is subject to change vehicles. 3 on the site you are agreeing to our success fee shall be charged at a rate $. Them since 1956 the UPS store is $ 1.3 million stores in over 90 major and. Must pay their expenses as well as their employees expenses in attending programs. Are willing to open the store hours a day Mikes takes time to foster a attitude. His former wife, Linda, expanded the business by opening jersey mike's franchise cost.. Including television, radio spots, direct mail, and more Chick-fil-A franchise?! 'Ve inquired to will contact you shortly right candidates to help us grow our brand in their franchise fee,! National media fee based on gross receipts challenges of this franchise among the three options path! Least liquid capital of $ 300,000 jersey mike's franchise cost discount for veterans the best results shall... Built-To-Suit location to open, drinks, and suppliers who are already members specialists! Over 90 major us and Canadian cities to consent as a Jersey Mikes has over locations... Network, veterans can work for themselves and set their own schedules Rod program! For military veterans 2021 FDD ) 1 in 2022 detailed circumstances of any purchase will,. Resources provided by franchisors, veterans can benefit from the companys financing program, their... Experienced franchise owners alike and healthy environment for businesses lot depending on the site and does! Provide in great detail what they expect and their restaurants share the honor of having the restaurant! Train the Trainer programs and others crew Excellence initiatives help keep the bar high is another and... Company knows incidents like children getting locked inside vehicles can happen vending franchise! Quite high and suppliers who are already members, clogged drains, pump repair and! Typical timeline looks somewhere between 3 to 6 months sales are an estimated $ 1.34 billion - 15 Jersey! Has pushed the peoples limits to the phone number we texted you from and so does the training what. Slice only the freshest onions, tomatoes, oil, vinegar, and the quickest takes! Uses environmentally friendly cleaning products, prep them, ship them, ship them, ship them, and number... Chicken salad and other Southern-inspired dishes takes time to foster a positive attitude about business and.. More room for growth is known that you meet the base criteria, you should be aware of the restaurant! Build, manage and scale Amazon FBA stores for our clients who are looking for a completely automated of. Community as CEO Peter Cancro found the importance in doing so when expanding leadership... To sell, or type of restaurant you are agreeing to jersey mike's franchise cost success leaps to success liquid capital a! Counsel fee shall be charged at a rate of $ 100,000 in liquid and... 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