Jersey Mike's Subs
#9 Franchise 500| Subs
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Jersey Mike's Subs
Subs

About
Founded

1956

Franchising Since

1987 (32 Years)

Corporate Address

2251 Landmark Pl.
Manasquan, NJ 08736

CEO

Peter Cancro

Parent Company

Jersey Mike's Franchise Systems Inc.

Financial Requirements
Initial Investment

$237,419 - $766,971

Net-worth Requirement

$300,000

Liquid Cash Requirement

$100,000

Ongoing Fees
Initial Franchise Fee

$18,500 - $18,500

Ongoing Royalty Fee

6.5%

Ad Royalty Fee

1%

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

Support Options
Ongoing Support

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Marketing Support

Co-op Advertising

National Media

Regional Advertising

Social media

SEO

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

360 hours

Classroom Training:

40 hours

Absentee Ownership Allowed
Number of Employees Required to Run:

10 - 15

Jersey Mike's Subs is ranked #9 in the Franchise 500!
Bio
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.
Cost
Initial Investment: Low - $237,419 High - $766,971
Units
+12.1%+154 UNITS (1 Year) +36.8%+385 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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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: June 10th, 2019