Jersey Mike's Subs

Jersey Mike's Subs

Subs and Philly cheesesteaks
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2021 Franchise 500 Rank
#7 Ranked #8 last year
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Initial investment
$145K - $786K
Units as of 2021
1,973 37.9% over 3 years

Company Overview

The first Jersey Mike's Super Sub was created in Point Pleasant, New Jersey, on the Jersey Shore in 1956.

Peter Cancro started working in the submarine sandwich business when he was 14 years old. At the age of 17, before state law allowed him to operate a slicing machine, Cancro bought the original Jersey Mike's location.

About Jersey Mike's Subs

Industry
Food
Related Categories
Submarine Sandwiches, Sandwiches
Founded
1956
Parent Company
Jersey Mike's Franchise Systems Inc.
Leadership
Peter Cancro, Founder/CEO

Franchising Overview

Franchising Since
1987 (34 years)
# of employees at HQ
200
Where seeking

This company is seeking new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming

# of Units
1,973 (as of 2021)

Franchisor Information

Corporate Address
2251 Landmark Pl.
Manasquan, NJ 08736

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Jersey Mike's Subs franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

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 franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Jersey Mike's Subs has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
400 hours
Classroom Training
40 hours
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
10-15
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Jersey Mike's Subs landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Jersey Mike's Subs ranked on other franchise lists? Find out below.

Ranked #7

Franchise 500 Ranking

Ranked #16

Fastest-Growing Franchises

Ranked #10

Fastest-Growing Franchises (U.S. & Canada)

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021