Jersey Mike's

The Jersey Mike's franchise's Super Sub was created in Point Pleasant, New Jersey,  in 1956. Peter Cancro started working in the sandwich business when he was 14 years old. A few years later at the age of 17, before state law allowed him to operate a slicing machine, Cancro bought the original Jersey Mike's location. The company's subs are known for their red wine vinegar and an olive oil blend. Its produce is grown, packed and shipped locally, and then handled with the care at its stores. When you eat a sub the Mike’s Way, you can be certain that your veggies were prepped by hand earlier that day for the highest level of freshness and flavor.

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Jersey Mike's

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Jersey Mike's Franchise Cost and Requirements for 2024

Background

The quality of Jersey Mike's product creates a passionate, loyal customer base that has led to solid repeat business. On top of being clean and easy, franchising with Jersey Mike's requires little equipment investment and very manageable staff sizes. Its comfortable store interiors, fresh product prepared in front of you and friendly banter between customers and crew make this simple concept exciting and vibrant. The company's limited menu offerings add to the simplicity of its model, and also strengthen its brand by focusing on what it do best: making fresh, delicious, authentic sub sandwiches. Franchisees should understand that the “Giving” component of the Jersey Mike’s brand is as authentic as the subs. As a teenage entrepreneur, Peter Cancro was taught the importance of giving to community causes by other local business people he considered his mentors. From the very beginning, Peter embraced this concept of making a difference and instilled it in his franchise company. Today that giving spirit is alive and well. And it is every bit as much of Jersey Mike’s culture as oil and vinegar. With over 50 years under its belt, Jersey Mike's systems are time tested and its customers are passionate about the product and the Jersey Mike’s experience. The company's growth, however, is just beginning. Territories throughout the country are now available for development. The time is now; the opportunity is right in front of you. Discover how Mike’s Way to Profitability can make a difference in your life by investing in the franchise today.

Company Details

Founded: 1956
Canada: Yes
International: No

Support and Training Offered By Jersey Mike's

Jersey Mike's training program requires three times the hands-on experience when compared to other franchise systems. Its training program requires 8-10 weeks of classroom training and in-store experience, and immediately sets the bar high for operational excellence. Ongoing Back to Basics training, Train the Trainer programs and others crew excellence initiatives help keep the bar high. In the company's view, the better the training,  the better the business. 

2024 Franchise Requirements Needed to Own a Jersey Mike's Franchise.

What does a Jersey Mike's Franchise Cost?

Jersey Mike's franchise fees for 2024:

Initial Franchise Fee: $18,500
Initial Investment: $144,668 - $786,233
Net Worth Requirement: $300,000
Cash Requirement: $100,000
Royalty Fee: 6.5%
Ad Royalty Fee: 5%
Term of Agreement: 10 years

Is Jersey Mike's a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. Jersey Mike's is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is Jersey Mike's a Home Based franchise?

No. Jersey Mike's is not a home based franchise opportunity.

What Do Jersey Mike's Franchise Owners Make?

Click here to find out how much Jersey Mike's franchisees make. Jersey Mike's offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Jersey Mike's Looking for Franchisees in Canada?

Yes. Jersey Mike's franchise is looking for Canada franchisees.

Is Jersey Mike's Looking for International franchisees?

No. Jersey Mike's franchise is not looking for International franchisees.

Where can I see Jersey Mike's's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Food & Restaurants

Number of Units Open

100+ UNITS

Cash Required

More than $250,000

Passive Franchise

Yes

Home Based Franchise

No

Item 19 Franchise

Yes

B2B

No

Franchise Opportunities in Canada

Yes

International Franchise Opportunities

No

Jersey Mike's Franchises for Sale

Click Here to inquire about existing Jersey Mike's franchises for sale. We may have Jersey Mike's franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

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