Jersey Mike's Subs

Jersey Mike's Subs

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Jersey Mike's Subs
#21

Initial Investment

LOW: $193,204
HIGH: $660,442

Change in Units

+13.7% +143 UNITS (1 Year)
+66.8% +476 UNITS (3 Years)

Company Profile

Founded

1956

Franchising Since

1987 (30 Years)

Corporate Address

2251 Landmark Pl. Manasquan, NJ 08736

CEO

Peter Cancro

Parent Company

Jersey Mike's Franchise Systems Inc.

About Jersey Mike's Subs

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.

Financials

Financial Requirements

Initial Investment

$193,204 - $660,442

Net-worth Requirement

$300,000

Liquid Cash Requirement

$100,000

Ongoing Fees

Initial Franchise Fee

$18,500

Ongoing Royalty Fee

6.5%

Ad Royalty Fee

5%

Financing Options

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

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.

Operations & Franchisor Support

Training Onsite: 360 hours

Training at headquarters: 40 hours

Ongoing Support
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media

Absentee Ownership Allowed

Number of employees required to run: 10 - 15

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: March 15th, 2017

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