Jersey Mike's
Jersey Mike’s Funding, LLC
Company Information
2251 Landmark Place
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.
Company offers franchises for the establishment, development and operation of restaurant facilities for the 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 (“Franchised Restaurant” or “Restaurant”). You are granted the right to use the Marks “JERSEY MIKE’S”, “JERSEY MIKE’S ESTABLISHED IN ‘56 PT. PLEASANT, plus the design”, “MIKE’S, plus the design”, associated logos, commercial symbols and the System identified thereto in the operation of a JERSEY MIKE’S Franchised Restaurant. Company offers a franchise grant for a single Franchised Restaurant. Company provides start-up and on-going operational assistance to you as described in Item 11 of this Disclosure Document, and attached as Exhibit B. Company also offers the opportunity to obtain franchises to develop and operate a number of JERSEY MIKE’S Franchised Restaurants under an Area Development Agreement, attached to this Disclosure Document as Exhibit F. If you sign an Area Development Agreement, you will receive a non- exclusive Designated Territory (“Designated Territory”) in which you will establish individual Franchised Restaurants under separate Franchise Agreements according to a Development Schedule (“Development Schedule”) by the dates specified on the Development Schedule. Each JERSEY MIKE’S Franchised Restaurant will offer a wide assortment of made-to-order submarine type sandwiches, other hot sandwiches, and related food products and beverages for onpremises and off-premises consumption. The JERSEY MIKE’S Franchised Restaurant will offer its products and services to the general public. The Franchised Restaurant will compete with other national, regional or local chains and independent businesses operating restaurants offering products similar to those offered and sold from the Franchised Restaurant. Each Franchised Restaurant operates according to a distinctive System (“System”) regarding the establishment, development and operation of JERSEY MIKE’S Restaurant. The characteristics of the System include distinctive design of the Restaurant’s exterior and interior layout, design and color scheme; exclusively designed decorations, furnishings and materials; methods and techniques for inventory and cost controls, record keeping and reporting; personnel management, purchasing, sales promotion and advertising, special recipes, formulas, menus and food and beverage storage, preparation and service procedures and techniques; operating procedures for sanitation and maintenance; and a wide assortment of made-to-order submarine type sandwiches, other sandwiches and related food products and beverages for on-premises and off-premises consumption.
2 Ongoing Lawsuits
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Franchise Rating
Franchimp Summary Rating
5/10
Franchise Attrition
6/10
Investment Accessibility
4/10
Franchise System Development
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Distribution of Jersey Mike's Franchisee
Employee Contact Database
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Summary of Investment Costs
Upfront Franchise Fees
Minimum: $46,500 Maximum: $48,500
Upfront franchise fees are the one-time payments required to secure rights to operate under an established brand, typically ranging from $20,000 to $100,000+ depending on brand value.
These fees grant access to proprietary business systems, training programs, intellectual property rights, and often territorial exclusivity—essentially purchasing the blueprint for a proven business model.
While separate from ongoing royalties, investors should evaluate these fees against expected returns, comparing fee-to-earnings ratios across opportunities and assessing how effectively franchisors reinvest these funds into system improvements.
Total Investment Costs
Minimum: $185,903 Maximum: $1,417,592
Ongoing Fees
Ongoing franchise fees, typically structured as royalties ranging from 4-8% of gross sales, represent the continuous payments franchisees make to maintain brand affiliation and support services.
These recurring fees fund the franchisor's operational assistance, marketing initiatives, technology updates, and continued brand development—creating a partnership where the franchisor's revenue grows alongside the franchisee's success. In addition to royalties, franchisees often contribute to national advertising funds (usually 1-3% of sales) and may incur technology fees, supply chain markups, or renewal fees depending on the franchise agreement.
Investors should carefully analyze these ongoing costs within their financial projections, as they directly impact profit margins and cash flow throughout the entire franchise relationship.
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