Jersey Mikes Franchise Overview
Jersey Mike’s Franchise is an American based Sandwich company. Jersey Mike’s Franchise provides a wide variety of authentic sub Sandwiches and other food and beverage products for on and off premises. Their business is based on a simple concept to prepare in front of the customers and satisfy them with the freshest, highest quality sub sandwiches with high enthusiasm.Their business is not only about preparing and serving but they also focus on creating an important bond with their customers. This American based Sandwich franchise company with 2000 units offers freshest and high quality lifestyle sandwiches from years.
The story of “Jersey Mike’s” started back in 1956 under the name Mike’s Subs in Point Pleasant, New Jersey. Mike introduced American society with a relatively new item – the submarine sandwich. In 1971, a 14 year worker of Mike’s Subs, Peter Cancro was deeply in love with his work. At 17, he became the owner of the same business after his master, Mike sold the business and Peter was able to buy the store with the help of his football coach at a very tender age.
In 1987, Peter Cancro started franchising and replaced the name from Mike’s Subs to Jersey Mike’s Subs, only to keep new things tied with its native traditional place where authentic sub Sandwich was born. At present Jersey Mike’s Franchise has over 2000 locations open and now the taste is available world wide. Today Peter Cancro is CEO of Jersey Mike’s Franchise but still jumps behind the counter, portraying his passion towards the work.
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Jersey Mikes Franchise Benefits
Jersey Mike’s Franchise is full of benefits, they will benefit your business in many ways. It’s not only about starting a business but they also help you in making it successful. They provide you opportunities to be a part of the community, you can make decisions to reach out and give back to the community. They help you to build relationships with customers and the fast-food community.
You can conduct programs for the welfare of kids and schools. Once you are in, the brand provides you a satisfactory lifestyle, visiting places and venues. With limited Menu they keep on testing it to drive your traffic. They give their franchise support and recognition in the community. They help you with many ideas to work like a family. They always keep in view how you will progress and make much profit.
Jersey Mikes Franchise requirements
To open a Jersey Mike’s Franchise you need to keep certain requirements in consideration. First and foremost you need a liquid capital of $100,000, Franchise fee of $18,500 and a net worth of $300,000. They can change franchise fees and give a discount for veterans. As compared to other franchises, Jersey Mike’s Franchise is more affordable.
| Fees/Expenses | Dollar Amount |
| Liquid capital | $100,000 |
| Net worth | $300,000 |
| Initial Franchise Free | $18,500 |
| Initial Total investment | $178,523 to $746,342 |
Jersey Mikes Franchise Cost
To buy a franchise with Jersey Mike’s, the upfront fee that needs to get cleared before opening a Jersey Mike’s Franchise is $18500.
The beginning operation of Jersey Mike’s Franchise ranges from $144,668 to $786,233. Following are the upfront costs, initial investment and initial fee that needs to be settled down before opening a Jersey Mike’s Franchise.
| Initial Franchise Free | $18,500 |
| Real Estate and construction fee | $5,000 |
| Rent. Lease, CAM, Taxes, and Security Deposits. | $0 – $38,250 |
| Architectural Fees | $4,876 – $16,000 |
| Leasehold improvements | $62,299 – $349,838 |
| Equipment/ Furniture/ Small Wares | $11,255 – $101,677 |
| Initial Inventory | $966 – $29,044 |
| Insurance | $2,000 – $12,000 |
| Training | $2,500 – $56,850 |
| Grand Opening Advertising | $12,500 |
| Exterior Signage | $2,188 – $46,516 |
| Interior Branding/ Graphics | $2,689 – $16,000 |
| Uniforms, Office Equipment and Supplies | $2,260 – $25,361 |
| POS System and Network Connection | $2,085- $15,305 |
| Professional fees | $525 – $12,642 |
| Business Licenses and Permits | $25 – $15,750 |
| Additional Funds-3 Months | $15,000 |
| Total Estimated Initial investment | $144,668- $786,233 |
Jersey Mikes Franchise Fees
| Continuing Services & Royalty Fees | 6.5% |
| Cooperative Advertising & Development Fund | 1% |
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Jersey Mikes Franchise Profit
Jersey Mike’s Franchise is a profitable business of submarine sandwiches and offers franchise opportunities. It’s estimated that in 2022 the company was able to generate $1.85 million of revenue and a total sales of $1.85 billion. The investment return is profitable, the more franchises you own, the more profit your business will make.
Midpoint Investment and Profit
| Midpoint investment $465,451 | Profit $117,253 (recoup investment – 5years) |
| Midpoint investment $465,451 | Profit $175,879 (recoup investment- 5years) |
| Midpoint investment $465,451 | Profit $234,506 (recoup investment – 3years) |
Income statement
| Revenues: | |
| Service Fees and other income | $376,753,203 |
| Company owned restaurant & product revenue | 18,075,978 |
| Franchise Fee | 3,589,361 |
| Total Revenue | 398,418,542 |
| Operating Expenses: | |
| Selling, advertising, general and administrative | 346,385,694 |
| Company owned restaurant operations | 13,531,287 |
| Total operating expenses: | 359,916,981 |
| Income (loss) from operations | 38,50,561 |
Jersey Mike’s Menu
The success of the company lies in its Menu. Jersey Mike’s Franchise offers a limited Menu and keeps on focusing on the ways to make this limited Menu strong. Jersey Mike’s Franchise provides a wide variety of authentic sub Sandwiches and other food and beverage products for on and off premises consumption. Their menu offers Cold Subs, Hot Subs, Sides, Drinks and Desserts. All these sandwiches and other products are refreshing and keep inspiring people. Its menu has always kept foodies engaged.
| Cold Subs | jersey Shore’s Favorite, Ham and Provolone, The Veggie, The Super Sub, turkey and Provolone, Tuna Fish, Roast Beef and Provolone, The Original Italian, Club Sub, Club Supreme, BLT, The Number Four, Stickball Special, Cancro Special |
| Hot Subs | Grilled Portabella Mushroom & Swiss, Portabella Cheese Steak, Portabella Chicken Cheese Steak, Mike’s Famous Philly, Chipotle Cheese Big Kahuna Cheese Steak, Big Kahuna Chicken Cheese Steak, Bacon Ranch Chicken Cheese Steak, California Chicken Cheese Steak, Buffalo chicken Cheese Steak. |
| Kids Meal | Kids MealKids Meal with Water |
| Sides, Drinks, and Desserts | Chips, Fountain Drink, Bottled Water, Soda Bottle, Gatorade Stubborn Soda, Life WTR, Pure Leaf Tea, Cookie Brownie, Bubly, Pure Leaf Tea & chips, Giant Drink & Chips |
| Sandwich Catering | Subs by the Box, Subs by the Bag, Boxed Lunches, Chips & Drinks, Fresh Baked Cookies/ Brownies |
Jersey Mike’s Locations
Jersey Mike’s operates a large network of stores not only in America but also in other places. By December 2022, Jersey Mike’s had opened 2,397 stores in the United States
- California is leading with a network of 336 stores, a store for every 117,595 people which is about 14% of all its locations in the US.
- Florida with about 8%, and Texas with about 8% of the total number of Jersey Mike’s stores.
- Apart from the USA, Jersey Mike’s also has locations in Ontario, Canada, London, Kitchener and in Mexico. Its headquarters is located in Manasquan, New Jersey, U.S.
Jersey Mike’s Franchise Application
Inorder to apply for Jersey Mike’s Franchise, you need to complete it online. Fill your details in the form provided by Jersey Mike’s Franchise. After adding your details you need to add geographical area of interest, then franchise details, they will ask you for experience in the form, then add additional info and submit it . In addition to this you can call or email them, contact them by calling at 732-292-8272 or can email them on [email protected]
Jersey Mike’s reviews
Jersey Mike’s has a rating of 3.2 stars from 5 stars overall indicating a satisfactory purchase. Consumers are satisfied as well as have complaints about products and other services and problems. Despite that, it is one of the most famous food points. They are still dominating the market and are giving tough competition to their competitors. Jersey Mike’s Franchise is presenting and working over the fixed menu that flourished them, they seem to know exactly who they are.
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Conclusion
Money generating sites and quick expansion of Jersey Mike’s speak everything about its success in the industry. Its outlets are consistently growing and the pure wide variety of authentic sub Sandwiches and other food and beverage products is making it a favorite spot. Its endless Sandwiches is attracting customers and turning it into a leading place.
Jersey Mike’s Franchise is accessible by clearing initial investment and costs before setting up. Its net profit is growing continuously and its Franchise model ensures the success of outlets. They are dominating in authentic sub Sandwiches and other food and beverage products and are giving tough competition to their competitors. In this era of changing landscape Jersey Mike’s is presenting and working over the Menu to create the best of it . In this competitive world their leadership is steady and it’s hard to reach their crown. Therefore starting the Jersey Mike’s Franchise in the USA is profitable and worth investing.
For more details click https://www.jerseymikes.com/
FAQ’s
Is Jersey Mike’s a Franchise?
Yes. Jersey Mike’s is a Franchise.
Jersey Mike’s Franchise Owner salary ?
Jersey Mike’s Franchise owner can make around $73,000 per year.
Is Jersey Mike’s Franchise profitable?
Jersey Mike’s Franchise is a profitable business, In 2021 it’s earnings were $38.5 million.
How does Jersey Mike’s Franchise work?
Jersey Mike’s Franchise works in a simple way, providing customers with the best and maintaining a strong bond with them.
Is Jersey Mike’s Franchise or Chain?
Jersey Mike’s Franchise is an American submarine sandwich chain.
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