Jersey Mike's
Food & Beverage QSRCompany Information
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Franchimp Summary Rating
Lower than 48% of peers
Higher than 69% of peers
Franchise Summary
Description
A SUB ABOVE, LLC (the "Company") offers franchises for the establishment, development, and operation of restaurant facilities for the on-premises and off-premises consumption of a wideassortment of made-to-order submarine type sandwiches, other sandwiches and related food products andbeverages
Company Background
Jersey Mike's is a SUB ABOVE, LLC company. We offer franchises for the establishment, development, and operation of restaurant facilities for on-premises and off-premises consumption of a wide assortment of made-to-order submarine type sandwiches, other sandwiches and related food products and beverages.
Franchise Opportunity
Finding a lunch spot that is healthy, quick and not expensive can be hard. You may have heard of the Jersey Mike's franchise opportunity in your area, but you might not know what it is all about. So let us tell you! Our restaurant offers fresh sliced meat and veggies on our famous freshly baked bread for an affordable price. We serve breakfast too! And we offer catering services to help with your next event or meeting. The best part? You don't even need to leave your office to get one of our subs because we deliver right to you! Get started today by filling out this form online and learn more about how you can start your own Jersey Mike's franchise today!
Corporate Structure
A SUB ABOVE, LLC was formed as a limited liability company in the State of Delaware on October 31, 2019, with its principal place of business and business address as 2251 Landmark Place, Manasquan, New Jersey 08736. They began offering franchises for Jersey Mike’s restaurants in December 2019. They are an indirect wholly owned subsidiary of Jersey Mike’s Franchise Systems, Inc., a New Jersey corporation (“JMFS”). JMFS was the former franchisor of the JERSEY MIKE’S franchise system before the closing of the 2019 Securitization Transaction. JMFS is the parent company, directly or indirectly, of all JERSEY MIKE’S related entities. From February 1987 to December 2019, JMFS offered franchises for the JERSEY MIKE’S Franchised Restaurants.
Royalties and Marketing Fees
Royalties : 6.5% of Gross Receipts for a standard franchise agreement
Royalties : $12,500; $5,000 for transfers or relocations
Royalties : Currently 1.0% of Gross Receipts
Franchisee Attrition
This franchise's rate of attrition in 2013
of 2.12%
was
Slightly Lower
than the 4% in the QSR industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
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Employee Contact Database
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Distribution of Jersey Mike's Franchisees
Jersey Mike's Franchise System Development in 2024
FAQ
How much investment do I need to start my own Jersey Mike's business?
Franchisees typically require at least $185,903 to $1,417,592 investment to get their Jersey Mike's business started
What are the initial franchise fees for Jersey Mike's?
Franchisees typically need to pay at least $46,500 in fees directly to Jersey Mike's in order to earn the right to launch their business
How much money can I make with a Jersey Mike's franchise? What are
the average revenues for a typical Jersey Mike's business?
We haven’t done the math on how much revenue a typical
Jersey Mike's brings in each year. We estimate that other
franchisees in the Food & Beverage industry generate
$1,201,697 revenue, so we would expect
Jersey Mike's to generate a similar amount
How long do I need to commit to running a Jersey Mike's unit? What
is my contractual commitment?
Jersey Mike's franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$185,903 to $1,417,592
which is
Much Higher
than the $0 to $0 average in the QSR industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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