Jimmy John's Gourmet Sandwiches

Jimmy John's Gourmet Sandwiches

Jimmy John's Gourmet Sandwiches
#5

Initial Investment

LOW: $325,500
HIGH: $555,000

Change in Units

+15.3% +350 UNITS (1 Year)
+48.8% +864 UNITS (3 Years)

Company Profile

Founded

1983

Franchising Since

1993 (24 Years)

Corporate Address

2212 Fox Dr. Champaign, IL 61820

CEO

James North

Parent Company

Jimmy John's LLC

About Jimmy John's Gourmet Sandwiches

James J. Liautaud founded Jimmy John's in Charleston, Illinois, in 1983 when he was 19 years old. With used equipment, a refrigerator, one meat slicer, a freezer and an oven, Jimmy John Liautaud started his business without even a posted menu or an outdoor sign. At the time, he offered four sandwich varieties and 25-cent soft drinks. After passing out sandwich samples throughout the college town, Liautuad added delivery service, tables, outdoor signs, menu boards and an expanded menu. He opened several more stores and developed a prototype before franchising began in 1993. Jimmy John's franchisees bake bread at each store every day, and every sandwich is made fresh to order in 30 seconds.

Financials

Financial Requirements

Initial Investment

$325,500 - $555,000

Net-worth Requirement

$300,000

Liquid Cash Requirement

$80,000

Ongoing Fees

Initial Franchise Fee

$35,000

Ongoing Royalty Fee

6%

Ad Royalty Fee

4.5%

Financing Options

Jimmy John's Gourmet Sandwiches has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory

Units (Locations)

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

Operations & Franchisor Support

Training Onsite: 20 days

Training at headquarters: 17 days

Additional Training: 7 weeks for general managers; 3 weeks for assistant managers

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

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

Number of employees required to run: 20

Related Franchises

Related Articles

What Franchisees Need to Know About Vendor Contracts

What Franchisees Need to Know About Vendor Contracts

When you purchase a franchise, you'll most likely be doing business with some outside vendors. Find out what you're legally responsible for.
Rick Grossmann
How McDonald's Origins Became Hollywood Fodder

How McDonald's Origins Became Hollywood Fodder

Franchising goes Hollywood.
McDonald's to Donate Meals to the Homeless in Vatican City

McDonald's to Donate Meals to the Homeless in Vatican City

It seems that the controversial McDonald's location is trying to get on its new neighbor's good side.
Nina Zipkin
The 19 Covenants of a Standard Franchise Agreement

The 19 Covenants of a Standard Franchise Agreement

A quick look at the promises, rights or duties that the franchisee or franchisor owes to the other.
Rick Grossmann
McDonald's India Rolls Out New Breakfast Menu Featuring Traditional Local Dishes

McDonald's India Rolls Out New Breakfast Menu Featuring Traditional Local Dishes

In addition to continental offerings, McDonald's India will offer a masala dosa burger, anda bhurji and more.
Rose Leadem

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: December 10th, 2016

Reprints & Licensing
Update Your Listing
Submit New Listing

Regions/States List

More Franchise Rankings

Top Low-Cost Franchises

100 franchises for under $60,000

Top Homebased/Mobile Franchises

These 100 businesses can be managed from home

Fastest-Growing Franchises

These companies have shown rapid unit expansion over the last two years

Top New Franchises

The top 75 companies that began franchising in the last five years

Top Global Franchises

200 North American franchisors seeking international franchisees

For reprints and licensing questions, click here.

Previous Years Rankings

2016 2015 2014 2013 2012