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
National Media
Regional Media

Number of employees required to run: 20

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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: December 10th, 2016

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