Jersey Mike's Subs

Jersey Mike's Subs

Jersey Mike's Subs
#66

Initial Investment

LOW: $177,943
HIGH: $592,852

Change in Units

+19.2% +201 UNITS (1 Year)
+31.8% +333 UNITS (3 Years)

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Company Profile

Founded

1956

Franchising Since

1987 (29 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

$177,943 - $592,852

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

3.5%

Financing Options

Jersey Mike's Subs has relationships with third-party sources which offer financing to cover the following: 
startup costs, equipment, inventory

Franchise 500® Rank History

Highest Rank: 64

Lowest Rank: 168

  • 2009 - 168
  • 2010 - 147
* Not all years were ranked

Units (Locations)

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

Operations & Franchisor Support

Training at headquarters: 5 days

Additional Training: At certified training location

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

Marketing Support
Co-op Advertising
Ad Slicks
National 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: April 28th, 2016

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Previous Years Rankings

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