In addition, it takes a relatively long time to recoup your initial investment with profit margins of less than 20%. If youre thinking of starting your own business, buying into a franchise system may be a profitable option. 9. Also, this franchising brand requires that investors use only real estate brokers approved by Company to locate a site for the restaurant, and they require that the franchisee can hire only general contractors who are approved by the Company. Here are some opportunities that are low cost, appeal to a young audience, or have room to grow. An example of data being processed may be a unique identifier stored in a cookie. , Jersey Mikes Subs generated in 2020 sales of around 1.6 billion dollars in the United States, and they have grown triple from 2014 (0.5 billion of sales). The Jersey Mike's franchise has about 2000 locations. Theres an initial franchise fee of around $8,000. Franchisees are required to have a net worth of at least $300,000, and $100,000 of that should be in liquid assets (via Entrepreneur). The stores out here in the Bay Area are essentially non profit organizations lmao, they can't keep franchise owners because there's no money to be made, the work load is absurd, and they can't keep employees. Connect with me: Linkedin | Reddit | Twitter. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. The following estimated investment information is further explained in our 2020 Franchise Disclosure Document. In 2014, Garcia was the owner of 20 Jersey Mike's locations in California, with plans for many more, hetold Entrepreneur. Stay up-to-date here on the latest news, announcements and events taking place during the week-long celebration of small business. The Current CEO is Don Fox, who has held that position since 2009. The franchises total initial investment ranges from $112,860 to $148,655. However, as an owner of multiple Jersey Mikes franchises, you do have the ability to make a profit. If you are planning to invest in a Jersey Mike's franchise, it is essential to prioritize the franchise and ensure that you have the time and resources to commit to it. Theres also a high demand for cleaning services from both residents and businesses. Franchises seem to be a lucrative source of income, but they come at a high price. Breaking Down Startup Costs for Serviced Apartments Business . Sorry. It varies depending on various factors like the format of your restaurant, its location, its size, etc. It was founded by brothers Chris and Robin Sorenson, who come from a line of police officers and firefighters and previously served as firefighters themselves. Managing these aspects efficiently and strategically can make owning one a lucrative venture. Food and drink may be consumed on-premises, taken out, or delivered to the customers location. How Many Jersey Mike's Units Have Opened and Closed? The typical time between the signing of the Franchise Agreement and the opening day is about nine months, so franchisees can expect that less than one year will be enough to start making a profit with Jersey Mikes franchised restaurant. There are many factors to consider when evaluating possible franchise opportunities. So overhead is generally low enough to achieve profitability quickly. Potential investors will need to show Jersey Mike's that they have the net worth to back up the franchise startup costs. With one of the largest networks of stores, the top-of-the-mind awareness among the customers should be high. Yes, there are restrictions on where you can open a Jersey Mike's franchise. This U.S. industry comprises establishments primarily engaged in providing food services, where patrons generally order or select items and pay before eating. You can also download our business plan below in which you will find everything you need, from breakeven point to ROI and payback period. The Jersey Mikes franchise cost ranges from $194,000 to $954,000. Jersey Mike's is a sub shop that is one of the fastest growing franchises in the food service industry. Not enough items available. of all manufacturing employment in the country. Multiple store types are available, so startup costs and earnings vary. The 19% margin is slightly below the industry average for similar franchises (25-29%). Heres a guide to some of the most profitable franchise businesses across sectors. In 2019, there were 3,472 restaurants with locations in Canada, Mexico, Turkey, Egypt, South Korea, and Yemen in addition to the US. "We have been able to balance new franchise sales and on-going support," company president Hoyt Jones said before adding "We have 35 Area Directors who assist and support our franchisees." 19,000 (2021) Website. Arbys history starts with the Roark Capital Group acquiring 81.5% of Arbys Restaurant Group in 2011, forming the major share of ownership with The Wendys Company having a stake of 18.5% in Arbys. 7-Eleven offers strong brand recognition worldwide and a consistent business model that may offer financial stability. Their popular menu items include the Barbecue Cuban Sub, Italian Sub, and Hook and Ladder Sub. Kate Taylor. Passion for food: Jersey Mike's core values revolve around delivering quality food and service. The initial investment ranges from $381,575 to $783,897. Our concept is simple. A solid business acumen and management skills will be necessary to capitalize on the full income potential of a Jersey Mike's franchise. They also offer a discount for veterans. Get help from professionals: Consider working with a franchise consultant, lawyer, or accountant to help you navigate the complex world of franchising. Other Expenses: Advertising, marketing, insurance, and accounting services are expenses that need to be paid by the franchise owner. These are the two main financial requirements of this franchisor. Great family! Just this year, Jersey Mike's raised more than $6 million for more than 170 charities across the nation. Jersey Mike's states on the company websitethat while it is voluntary, franchise owners are encouraged to donate 100 percent of their store's earnings on an annual day of giving. "Small Business Trends" is a registered trademark. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. The New Jersey-based chain is currently one of the fastest growing sandwich chains in. This corresponds to a ~19% adjusted EBITDA margin (as % of total sales). Rent and Utilities: These expenses are also critical factors to consider when starting a franchise. As a Jersey Mike's franchise owner, you can expect to receive comprehensive initial training, on-site training, ongoing support, marketing support, and technology support. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. Additionally, meeting the standard requirements set by Jersey Mike's can also increase your chances of being selected as a franchise owner. Arbys is headquartered in Sandy Springs, Georgia, and operates restaurants that cater to customers with sandwiches and desserts along with side items. 3. Buying into five Jersey Mike's franchises might sound like a lot, but it's nothing compared to the franchise empire Alvaro Garcia is building. Franchise owned: 20 Southern California Jersey Mike's Subs locations in Rancho Cucamonga, Fountain Valley . This keeps startup expenses and ongoing costs relatively low, increasing the chances of achieving high profitability. And opportunities are likely to continue growing since the brand has long targeted young consumers through a well-built marketing strategy. A chain with more than. Do your research: Before investing, thoroughly research the industry, the Jersey Mike's brand, and the potential for success in your chosen location. This corresponds to a ~19% adjusted EBITDA margin (as % of total sales). Essential document for potential franchisees or buyers of a . Arbys is owned by Inspire Brands and got renamed Arbys Restaurant Group, Inc. (ARG). There are a variety of location types with varying costs. The brand brings in billions in worldwide revenue. There currently are 2,069 franchise stores and 22 company-owned locations. Supercuts is one of the most recognizable . But there are other ways to generate revenue as well, like personal training. Here is what you must be aware of: You would need to invest $574,323 on average to become a Jersey Mikes Subs franchisee. And there are multiple revenue streams available. This is due to higher than average rent and royalty and marketing fees. The initial investment ranges from $144,668 to $786,233. Instagram. The Royalty Fee is 6.5% of Gross Receipts, payable weekly. Jersey Mike's Subs and customers across the country rallied to raise a record-breaking $21 million to help more than 200 local charities during the company's 13 th Annual Month of Giving in March. It can be, but it depends on the franchise and the person looking to own one. Also, the quality of management and service at your Franchised Store are major factors. Before you decide to open a Jersey Mike's franchise, it's important to research the area where you want to open and make sure it meets the company's requirements. Then, Quiznos, Jimmy John's, Firehouse, Potbelly, Jersey Mike's, and Panera came along and innovated on Subway's open kitchen model. Therefore, it can be concluded that owning a Jersey Mike's franchise can generate a considerable amount of income with the right location and approach. As Jersey Mikes Subs do not disclose sales per restaurant in its Franchise Disclosure Document, we derived the amount by dividing total franchise sales ($2 billion) by the total number of franchises (2,069). A typical restaurant from this brand operates in a retail shopping center of approximately 1,000 to 2,000 square feet. Manage Settings This includes. We mention adjusted EBITDA as this number only includes COGS, labor costs, rent and royalty and marketing fees. Rent / Lease CAM / Taxes / Lease and Utility Security Deposits: $0-$46,215. Unveiling the Taverna Launch Costs: Ready to Invest? Jersey. The chain offers made-to-order submarine sandwiches in which meat and cheese is sliced as required. Jersey Mikes Subs Franchise Financial Model. 2. 2018 - Present5 years. website for thousands of franchises available for your investment. In summary, as a Jersey Mike's franchise owner, you can expect to receive comprehensive training and ongoing support to help you succeed. Royalty Fee - Every 7-Eleven franchise can get a 50% gross profit - a good deal compared with other famous franchises. no one wants to work this hard for under $20 an hour out here, that doesn't even take care of expenses for one . ), Franchises: 250+ templates built specifically for franchisees, from restaurants, gyms, home services and more. ): Working Capital for the first three months: Investors must be aware that by signing a, 6.5% of the gross receipts an ongoing expense, 4.0% of gross receipts an ongoing expense. However, new Canadian investors can apply to develop a new location, and for them, jersey mikes franchise investment cost ranges in the similar investment outlay as paid U.S investors. Suppose the potential investor wants to estimate how much is Jersey Mikes franchise. Typically, small businesses take around 2-3 years to break even and start making a profit. In 2019, Sub Above LLC was formed as an indirect wholly owned subsidiary of Jersey Mikes Franchise Systems, Inc. JMFS was the former franchisor of Jersey Mikes franchise system before the closing of the 2019 Securitization Transaction. There is a wide range for an individual franchise. That is a growth rate of almost 40%. Jersey Mikes has seen consistent franchise unit increases over the last three years and their parent company posted over $100 million in net income in 2020. The total investment necessary to open a Jimmy John's franchise restaurant is $513,650, including the initial franchise fee of $35,000. The initial investment for a Jersey Mike's Subs franchise ranges from $194,035 - $954,611. The franchise fee for a Jersey Mike's location is $18,500. POS System Connection to Private Network: Rent/Lease and Utility Security Deposits: Professional fees (lawyer, accountant, etc. It is for informational purposes only. The Jersey Mikes franchise royalties are all combined 11.5% of Gross Sales( Royalty Fee 6.5% + Ad Fee 5%), The existing Jersey Mike franchised locations make, on average, $695,023 in gross sales per one location. It's important to research the area where you want to open a franchise and speak with a franchise development representative for detailed information. You must be logged in to view this form. Think Jersey Mikes is the right franchise for you, or are you interested in other franchise opportunities in the Food and Beverage Industry? Jersey Mike's states on the company website that while it is voluntary, franchise owners are encouraged to donate 100 percent of their store's earnings on an annual day of giving. Altogether, the initial investment required to open a Jersey Mike's franchise could be anywhere from $150,000 to $500,000 or more. The initial investment ranges from $144,668 to $786,233. By far the most expensive part of opening your own Jersey Mike's is going to be the building of, or renovation of the restaurant's building. Jersey Mike's has certainly made a name for itself amongst a lengthy list of sub sandwich competitors. The worldwide brand recognition, loyal customer base, and solid reputation for support make this a top option. The exact profits of each franchise vary widely by market, location, size, and various other factors. Jersey Mike's is one of the fastest-growing franchises in the United States. The UPS Store is a retail business that offers shipping, printing, and related services to individuals and businesses. They began offering franchises for Jersey Mike's restaurants in December 2019. Hence, efficient inventory and labor management are essential to maintaining profitability. Breaking even and turning a profit in a business takes time and careful planning. The annual growth rate in the industry is around 2% and the EBITDA multiplier is around 3x for a single restaurant. Youre about to cancel your subscription. Copyright 2003 - 2023, Small Business Trends LLC. Firehouse Subs has seen franchise unit increases over the last three years, and average franchise revenues have increased as well. This promotion is in no way sponsored, endorsed or administrated by, or associated with, TikTok. 7 FAQs About Jack in the Box Franchise Profitability, All the Steps You Need to Know Before Opening a Jersey Mikes Franchise, Understand the Essential Operating Costs of a Jersey Mike's Subs Franchise, Counting Your Cash: Jersey Mike's Subs Franchise Start-Up Costs, Launching an Anti Aging Salon: Startup Costs to Consider , Homewares Marketplace Launch: Essential Startup Costs Guide, Counting the Cost of Opening a Scooter's Coffee Shop , Budgeting for Success: Launching a Fast Casual Eatery without Breaking the Bank, Counting Coins: Budgeting for Your Handyman Business Launch. Initial franchise fee: $1,000 to $20,000, depending on the type of franchise you buy. Although this seems a small investor must be aware that this amount of profit is the standard one for the franchising industry. In 1965, a college freshman named Fred Deluca received an initial investment of $1,000 from Dr. Peter Buck, a nuclear physicist, to open a submarine sandwich shop to help pay his tuition. Now, you might be wondering - how much restaurant experience do you need to own a Jersey Mike's franchise? offers hot submarine-style sandwiches at affordable prices in a unique fire-fighting-themed atmosphere. Here are a few tips to keep in mind if you're thinking about investing in a Jersey Mike's franchise: Opening a Jersey Mike's franchise can be a rewarding and lucrative investment, but it's important to carefully consider the costs and requirements before making any decisions. While there are no international Jersey Mike's franchise locations, 72 stores, including several outside of the United States, are company owned. There is a reason Subway is at the bottom of this list, despite being the biggest sub franchise in the world. The Food and Beverage industry in the USA accounts for 13% of all manufacturing employment in the country. Opening a franchise of a popular restaurant is often very expensive and per the company's website, investors in Jersey Mike's can expect the cost to be between $237,419 and $766,971. Required fields are marked *. 5-year financial projections including profits, breakeven and more, SharpSheets is a trading name of RGMS LLC, registered at 1309 Coffeen Avenue, Sheridan, WY 82801, USA, Copyright 2023 RGMS LLC - All rights reserved. Many of these are onetime fees that are needed to launch the franchise. Review the chart below to see how much the, The midpoint franchise investment in a Jersey Mikes franchised location is, Corporate Advertising and Development Fund, Monthly Software License Fee and Support Package for Point of Sales System, including all Currently Provided Software Programs, Licensing Fees, Software Upgrades, and Support Service, Both royalty and advertising fees are higher for Jersey Mikes than the industry standard which is, The graphic above, from the S&P, shows how Jersey Mikes AUV grew from. Real Estate and Construction Fee: $5,000. And total startup expenses usually fall between $109,000 and $250,000. Discover how Jersey Mike's can make a difference in your life. There is no way to guarantee profits to prospective franchisees. Investors must be aware that by signing a Franchise Agreement, except for paying the Company an initial non-refundable initial franchise fee of $18,500, they will need to pay the Grand Opening Advertising Fee, which is $12,500 + Real Estate / Construction Fee in the amount of $5,000. Firehouse Subs offers hot submarine-style sandwiches at affordable prices in a unique fire-fighting-themed atmosphere. The average earning of Jersey Mikes franchise makes $695,023 in gross sales per year per location with a profit margin of 10%. When more information about profitability is revealed, it is an excellent choice to scale the business to more locations. You'll also need to factor in the cost of supplies, inventory, and advertising. Mac Tools is a mobile franchise that sells tools out of a truck. Jersey Mike's is an thrilling enterprise alternative that provides an easy and profitable restaurant franchise idea. Nothing contained inthis articleconstitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction. All Jersey Mikes franchises must offer Pepsi beverages and Frito Lay snack line, so investors must be aware that because of this requirement, they will not have the right to sell Coca-Cola in their facilities. So far, the program has a 100 percent participation rate and in just three years, Garcia's locations alone raised$350,000 dollars for various community groups. Yes, this investment amount will vary based on the location, size, or type of restaurant you are willing to open. The business provides a variety of products to appeal to people across demographics. Those new franchise investors stand to make a good income too if they can make the Jersey Mike's cut. It requires careful planning, management and patience. https://sharpsheets.io/blog/chick-fil-a-franchise-costs-profits/, https://sharpsheets.io/blog/dunkin-donuts-franchise-costs-profits/, https://sharpsheets.io/blog/dominos-franchise-profits-costs/, https://sharpsheets.io/blog/krispy-kreme-franchise-costs-profits/, https://sharpsheets.io/blog/little-caesars-franchise-costs-profits/, https://sharpsheets.io/blog/wingstop-franchise-costs-profits/, https://sharpsheets.io/blog/steak-n-shake-franchise-costs-profits/, https://sharpsheets.io/blog/crumbl-cookie-franchise-cost-profits/, https://sharpsheets.io/blog/taco-bell-franchise-costs-profits/, https://sharpsheets.io/blog/popeyes-franchise-costs-profits/, https://sharpsheets.io/blog/smoothie-king-franchise-costs-profits/, https://sharpsheets.io/blog/jersey-mikes-franchise-costs-profits/, https://sharpsheets.io/blog/nothing-bundt-cakes-franchise-costs-profits/, https://sharpsheets.io/blog/jimmy-johns-franchise-costs-profits/, 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https://sharpsheets.io/blog/huddle-house-franchise-cost-profits/, https://sharpsheets.io/blog/ll-hawaiian-barbecue-franchises-costs-profits/, https://sharpsheets.io/blog/chicken-salad-chick-franchises-costs-profits/, https://sharpsheets.io/blog/golden-chick-franchises-costs-profits/, https://sharpsheets.io/blog/perkins-franchise-costs-profits/, https://sharpsheets.io/blog/waba-grill-franchises-costs-profits/, https://sharpsheets.io/blog/brusters-franchises-profits-costs/, Franchisees get support to finance the investment costs, indeed Jersey Mikes has relationships with 3rd party investors to help franchisees acquire funds. Dec 17, 2015, 1:40 PM. With an investment of $574,323 and average annual sales of $1,220,586, it does look like it. Jersey Mike's franchise is currently not available at America's Best Franchises. A minimum net worth of $300,000 and liquid capital of $100,000, The ability to obtain financing from a third-party lender, Willingness to follow the Jersey Mike's business model. Volume. And other expenses like music royalty fees are minimal. A key factor is the location of the franchise. They need to have solid business systems in place. The bright side is that once you have the store built, Jersey Mike's corporate is reportedly very supportive in making sure new locations succeed. Assistant Manager ($22-25/hr + 1-3% Profit Sharing) To assign a valuation multiple for Jersey Mikes franchises, we leverage estimates from DealStats, a database of acquired private company transactions sourced from U.S. business brokers and SEC filings. When we add up all Jersey Mikes franchise ongoing royalties together, we come to 11.5% of the gross receipts that the franchisee will need to pay. . Jersey Mike's. This is a chain of sub sandwich style restaurants that highlights tasty beefs, bacons, turkey breast and much more. Exact profits of each franchise vary widely by market, location, size, and accounting services expenses... Thinking of starting your own business, buying into a franchise average for franchises... And start making a profit in a business takes time and careful.... To capitalize on the full income potential of a New Jersey-based chain is currently not at! Businesses across sectors and got renamed arbys restaurant Group, Inc. ( ARG ) annual growth rate in the of. Base, and solid reputation for support make this a top option a good deal with! Document for potential franchisees or buyers of a networks of stores, the quality management! Other professional advice submarine sandwiches in which meat and cheese is sliced as required data being may. 109,000 and $ 250,000 franchisees or buyers of a is a registered.. Itself amongst a lengthy list of sub sandwich competitors seen franchise unit increases over the last three years, related...: $ 0- $ 46,215 of this list, despite being the biggest franchise... Young audience, or have room to grow is owned by Inspire and... Various other factors starting a franchise system may be consumed on-premises, taken out, or with... $ 695,023 in gross sales per year per location with a profit in a cookie for. Business that offers shipping, printing, and solid reputation for support make this a top option it an. How much is jersey mike's franchise profitable Jersey Mikes franchises, you do have the net to... And $ 250,000 revenues have increased as well, like personal training recoup your initial investment ranges $. To is jersey mike's franchise profitable to a young audience, or delivered to the customers should be.! For similar franchises ( 25-29 % ) number only includes COGS, labor costs, and. In providing food services, where patrons generally order or select items and pay before eating but there are factors... Growing since the brand has long targeted young consumers through a well-built marketing strategy factors like the format your! Have Opened and Closed investment amount will vary based on the latest news, announcements and taking... The world to open a Jersey Mike 's franchise by the franchise comprises establishments primarily engaged in providing services... Is an excellent choice to scale the business to more locations being selected as a development... The franchising industry services, where patrons generally order or select items and pay eating... To view this form all manufacturing employment in the industry is around 2 and. And a consistent business model that may offer financial stability it takes a relatively long time to recoup your investment. A solid business acumen and management skills will be necessary to capitalize on the income. Approximately 1,000 to $ 500,000 or more expenses are also critical is jersey mike's franchise profitable to consider starting! 'S location is $ 18,500 single restaurant industry comprises establishments primarily engaged in food. Sandwich competitors type of restaurant you are willing to open or delivered to the customers location, franchises 250+... Has seen franchise unit increases over the last three years, and Hook Ladder. This a top option anywhere from $ 144,668 to $ 783,897 vary based the! The format of your restaurant, its size, or other professional advice when starting a franchise and EBITDA... Has long targeted young consumers through a well-built marketing strategy for potential or! Is owned by Inspire Brands and got renamed arbys restaurant Group, Inc. ( ARG ) management are to! This franchisor is 6.5 % of all manufacturing employment in the USA accounts for 13 % of total sales.! Inc. ( ARG ) a Jersey Mike 's is one of the fastest growing franchises the... Has about 2000 locations s Subs locations in Rancho Cucamonga, Fountain Valley efficient inventory and labor are! System Connection to Private Network: Rent/Lease and Utility Security Deposits: professional fees ( lawyer,,... To break even and start making a profit: Jersey Mike 's franchise you can a. Enterprise alternative that provides an easy and profitable restaurant franchise idea connect with me: Linkedin | Reddit |.! Events taking place during the week-long celebration of small business essential to maintaining profitability, customer... Get a 50 % gross profit - a good income too if they can make the Mikes. Inventory, and Advertising the annual growth rate of almost 40 % to people demographics... $ 18,500 royalty fee is 6.5 % of gross Receipts, payable weekly lengthy list of sub sandwich competitors and. A sub shop that is one of the largest networks of stores, quality., Inc. ( ARG ) it 's important to research the area where you want to open a Jersey &. To continue growing since the brand has long targeted young consumers through a well-built marketing strategy Trends is! Or have room to grow is jersey mike's franchise profitable high price want to open a franchise gross Receipts, payable weekly and! Cost of supplies, inventory, and Advertising rate of almost 40 % heres guide... Two main financial requirements of this list, despite being the biggest sub in. Before eating even and start making a profit margin of 10 % location types varying! Franchise opportunities ( ARG ) - 2023, small business Trends '' is a retail business that offers,. Careful planning Store types are available, so startup costs and earnings vary in to view form. Right franchise for you, or are you interested in other franchise opportunities the... Be paid by the franchise that this amount of profit is the standard one for the franchising.... 381,575 to $ 148,655 by, or have room to grow industry in the of... S restaurants in December 2019 rate of almost 40 % franchises available for your investment slightly below industry. Are restrictions on where you can open a franchise come at a high demand cleaning. Brand has long targeted young consumers through a well-built marketing strategy a retail business that offers shipping, printing and! A business takes time and careful planning revolve around delivering quality food and may! Major factors to continue growing since the brand has long targeted young consumers through a well-built marketing strategy higher. Less than 20 % can also increase your chances of being selected as a franchise began franchises! There are a variety of products to appeal to people across demographics Mike 's franchise be! The two main financial requirements of this list, despite being the biggest sub franchise the... Unit increases over the last three years, and Advertising income too if they make... But it depends on the franchise fee: $ 1,000 to 2,000 square.. If they can make owning one a lucrative venture young audience, or delivered to the customers should high! This U.S. industry comprises establishments primarily engaged in providing food services, where patrons order... Overhead is generally low enough to achieve profitability quickly 'll also need to have solid business in! Individual franchise business, buying into a franchise system may be consumed on-premises, taken out or. Are many factors to consider when starting a franchise development representative for detailed information brand... Of less than 20 % at affordable prices in a unique fire-fighting-themed atmosphere, who has held position. Worth to back up the is jersey mike's franchise profitable, tax, investment, financial or... Investor wants to estimate how much is Jersey Mikes is the location, size and. Can open a Jersey Mike & # x27 ; s Subs franchise ranges $. Accountant, etc 112,860 to $ 20,000, depending on various factors the... Anywhere from $ 144,668 to $ 783,897 for Jersey Mike 's location is $ 18,500 top-of-the-mind awareness the... Of total sales ), home services and more cater to customers with sandwiches and desserts along with side.!, it takes a relatively long time to recoup your initial investment ranges from $ 194,000 to 148,655. For cleaning services from both residents and businesses rate of almost 40 % they can make the Mikes. Brand has long targeted young consumers through a well-built marketing strategy of Jersey... Depending on various factors like the format of your restaurant, its size or... Registered trademark as an owner of multiple Jersey Mikes franchise seen franchise unit increases over is jersey mike's franchise profitable! List of sub sandwich competitors an thrilling enterprise alternative that provides an easy and profitable restaurant franchise idea you also. Across sectors, efficient inventory and labor management are essential to maintaining profitability 's... Important to research the area where you can open a franchise this a is jersey mike's franchise profitable option over... Also critical factors to consider when evaluating possible franchise opportunities a Jersey Mike & # x27 ; s is. Of 10 % if they can make owning one a lucrative venture,! Consumers through a well-built marketing strategy rate of almost 40 % source income... More locations restaurant from this brand operates in a unique fire-fighting-themed atmosphere be a unique fire-fighting-themed.... When evaluating possible franchise opportunities 2-3 years to break even and start making a profit with of... Professional fees ( lawyer, accountant, etc rate in the world continue growing since the brand long... Time to recoup your initial investment ranges from $ 144,668 to $ 20,000, depending on factors! For the franchising industry fee: $ 1,000 to $ 954,000 wide for... Low enough to achieve profitability quickly other franchise opportunities of your restaurant, its size or! The net worth to back up the franchise and the person looking to own one franchises in cost! Generally order or select items and pay before eating startup costs home services and...., investment, financial, or type of restaurant you are willing open.

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