To facilitate the opening of the Jersey Mikes restaurant, the franchisor will send one of its representatives to the restaurant for a minimum of three calendar days (eight hours per day) during the first month of operation. You may also need to spend more on advertising, whereas if you were to open a McDonalds or other popular chain, people may already be loyal customers. Franchise Direct's reputation for integrity in the franchise industry has been established over our 20+ years in business. Jersey Mike's Subs has the franchise fee of up to $18,500, with total initial investment range of $178,523 - $746,342. The franchisor offers franchises for the establishment, development and operation of restaurant facilities for the on-premises and off-premises . Related Reading:Whats the Real Cost to Open a Dunkin Donuts Franchise? Everything about the Jersey Mikes culture revolves around our commitment to our customer and to the community. If you are looking to see how profitable a Jersey Mikes sub is compared with other stores, this number is not the best measurement of success. Many of our successful franchisees have some other traits in common. Veterans can also use the companys financing program, making establishing a business easier. Additionally, the company has a Veterans Advisory Council comprised of veteran franchise owners who provide guidance and support to fellow veteran franchisees. If you can meet the requirements, feel passionate about the sandwich food industry, and love to learn everyday this franchise could be the right fit for you. This is why it is an accessible option for women entrepreneurs who are interested in the coffee industry but may not have the financial resources to invest in a traditional coffee shop. If you want to open a Jersey Mikes in a college town, compare it to other Jersey Mikes from other college towns of a similar size. *. $12,500; $5,000 for transfers or relocations. Integrating into the community is an essential part of Mikes Way to Success! When the founder of a franchise company actually runs a store for years, the result is a different kind of company culture: one that is completely focused on store-level profitability and franchisee success; a culture that offers a balanced lifestyle. As a home-based franchise, Dream Vacations allows franchisees to work from anywhere with an internet connection. Youll need an initial investment of $178,523 $746,342 to open a store. Franchise Description: The franchisor is A Sub Above, LLC, a subsidiary of Jersey Mikes Franchise Systems, Inc. (JMFS). It also offers franchising and catering services. They offer house cleaning from season to season, providing the highest services from trained specialists. They can change franchise fees and give a discount for veterans. $6.00 - $9.00 per delivery, varying based on delivery distance. Jersey Mike's Franchise Cost The estimated total investment necessary to begin operation of a Jersey Mike's Franchise ranges from $144,668 to $786,233 They are passionate about the Jersey Mikes concept, care about their local community and recognize the value of a proven system. It also requires a $10,000 grand opening marketing fee for your first restaurant. Travel within Sweden is: . Chem-Dry offers a 10% discount on the initial franchise fee for veterans, making it more affordable to start a business. Disclaimer:This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. An error has occurred please try again later. Since then, the company has expanded steadily, both through franchising and through company-owned locations. Founded in 1979, the company has over 180 franchise stores in over 90 major US and Canadian cities. Franchisees must pay their expenses as well as their employees expenses in attending these programs. 2251 Landmark Pl. But before you get too excited, you should be aware of the franchise fee. With over 2,000 locations across the country, Jersey Mikes has become a popular choice for those looking to start their own sandwich shop. Fill out the form below, call us at 732-292-8272, or email us at franchise@jerseymikes.com . Dealing with the public, serving food, handling peak traffic times and being a welcoming host can be exciting and enjoyable to some while harrowing and arduous to others. Since they are a smaller company, they have fewer resources such as lending programs or special benefits. $12,500; $5,000 for transfers or relocations. Luckily, their franchise fee is more affordable than comparable franchises. Wow, glad you're interested in so many businesses! After all, they are still growing. JMFS will select individuals in its sole discretion. Expenses like lease fees, architectural requirements, licenses, insurance and equipment can vary a lot depending on where you want to open. On top of that, they are one of the fastest-growing sandwich shops. The answer is yes to all of the above. Thats why we want only the right candidates to help us grow our brand. Jersey Mikes charges a franchise fee of $. Many veterans have experience with logistics, planning, and operations, which are all valuable skills in running a franchise. Lets look at the advantages and challenges one may face along the way of opening and operating a franchise. There are additional smaller fees such as fees for training, audits, technology services, etc, that youll want to pay attention to. These numbers are not reflective of the initial cost, but it is important to think about for any future franchise owner. The first is the popularity of the franchise. Year of FDD: 2022. Try these five franchise options if youre looking for the most lucrative side hustle business with reasonable investment costs. Five owners and their restaurants share the honor of having the 1000th restaurant opened on October 14. Its why we get involved in local causes. I definitely agree the veggies are not and should not be free. Review our cookies information for more details. The second is Subs by the Bag, which includes Mini subs (serves: 1), regular, tub, or wrap (serves: 2), and giant (serves: 4). If you want to save money, find a built-to-suit location to open a Jersey Mikes. By continuing to browse the site you are agreeing to our use of cookies. Send Me Jersey Mike's Information Email Text (SMS) Franchise Costs Cash Investment: $9,500 Investment Range: $9,500 Franchise Fees: $9,500 Franchise Benefits Training & Support: Yes Financing Available: Yes Industry Information Industry: Food and Restaurant Franchises Franchise Units: 500+ Related Industries $0.2921 per transaction and 3.74% of the sale of each such transaction. Ongoing Fee: 6.5% The cheapest way to get from Avesta to Tallbo costs only 59 kr, and the quickest way takes just 27 mins. Jersey Mike's Franchise Costs & Fees 2019 Initial Investment: $237,419 to $766, 971 Net-worth Requirement: $300,000 Liquid Cash Requirement: $100,000 Initial Franchise Fee: $18,500 Ongoing Royalty Fee: 6.5% Ad Royalty Fee: 5% Jersey Mike's franchise is currently not available at America's Best Franchises. It all happens on the store level at Jersey Mikes, and our experience tells us that the right operator is absolutely imperative to running a successful and profitable business. Chicken Salad Chick has a franchise fee of $50,000 and an estimated total investment of around $742,300 to $950,300. Discover how Jersey Mike's can make a difference in your life. Jersey Mikes also offers wraps and for those on the go, the franchise offers convenient drive-thru service. Why is that? Liberty Tax Service is committed to giving back to the community and supporting veterans. This includes everything from training and support to marketing and technology. You need to be enthusiastic and ready to learn. The Wolf of Franchises is an industry insider whos sharing the secret sauce of how lucrative the franchising industry can be. Markustorget 1, Avesta 77 4 30 Sweden +46 72 922 21 62 Website + Add hours. The chain you open may just very well be the new, main sandwich joint in the neighborhood. Required fields are marked *. Be the first to know! Sales volume has been steadily increasing over the years and the franchise was dubbed the fastest-growing sandwich chain in the United States a couple of years back. When it comes to travel agencies, Dream Vacations is a cheap franchise option. Rolling Suds focuses on, Ready to join the future of online shopping? Founded in 1991, the company knows incidents like children getting locked inside vehicles can happen. The companys training includes a three-week training program, ongoing support from a dedicated franchise business coach, and a network of fellow franchise owners who can offer advice and support. The exact cost will vary depending on the specific location, size, and other factors. Some work two to three and even up to four jobs to make ends meet. Additionally, the company is a member of the International Franchise Associations VetFran program, which offers additional incentives and support to veterans who want to own a franchise. Receive a personalized report of exciting new franchise opportunities to your inbox each week. They even dedicate the last Wednesday of March as the Jersey Mikes Day of Giving. As a provider of high-quality coffee machines and products to businesses, Xpresso Delight offers a low-cost and flexible franchise model with emphasis on customer service. Who Is The Ideal Jersey Mikes Operator? Get Started Now Continue Reading. Obligations and Restrictions: The Jersey Mikes franchised restaurant is to be at all times under the direct on-premises supervision of the controlling principal, or a competent employee acting as full-time manager or shift supervisor who has satisfactorily completed the franchisors initial training program and has been approved in writing by the franchisor. $5,000 to transfer the franchise agreement. This franchise is one reason competitors like. 202+ Clever Weekend Email Subject Lines for Sales & Promotions, Updated Din Tai Fung Menu Prices + Specialties (2023), Updated Schlotzskys Menu Prices + Rewards (2023), 303+ Pancake Slogans Topped with Syrup & More, Mazzios Pizza Menu Prices + Latest Coupons (2023). The company provides cold subs, hot subs, wraps, kids meals, combos, drinks, and desserts. You don't need to consent as a condition of any purchase. We provide our customers with the freshest, highest quality sub sandwiches available, prepared right in front of them and served with energy and enthusiasm. This means every time you sell a sandwich, the corporate entity is taking 5% off the top just for marketing. Fill out the form today! Jersey Mikes is best known for its sub sandwiches made with fresh, quality ingredients. Since 2020, the franchise added 190 units, which is an 11.4% increase over the year before. Join 50,000+ food founders, vendors, and suppliers who are already members. Our E-Commerce Future Partner Program is your ticket in! There aren't enough food, service, value or atmosphere ratings for Pitchers Avesta, Sweden yet. Ever. The sandwich chain also mentioned that those interested should be or have at least these: The franchisor will conduct the training for the franchisee or principal, or the manager. Check out the tables below for the Jersey Mikes franchise costs and other expenses. We purchase brand name products, prep them, ship them, and reprice them for the best results. However, Jersey Mike's did start the Coach Rod Smith Program. There are many reasons one store location might make more money than another. The Maids is also Mr. Cleans official partner and offers customized cleaning plans for every homeowner. There are many factors that can affect a franchise owners earnings, such as the location of the store and the owners business acumen. Whether youre a veteran looking to transition to civilian life or a current service member exploring your options, franchising can be a great way to achieve your entrepreneurial dreams. Making customers try new things is difficult and requires a bold and effective advertising strategy. Companies charge an advertising fee to support their marketing endeavors including television, radio spots, direct mail, and online advertising. Complete Step 2 to receive your complete franchise information. Liquid Cash Requirement: $100,000, Initial Franchise Fee: $18,500 And most of these restaurants attribute their growth to the franchising model, which has given them huge leaps to success. A reported 70% of Jersey Mikes franchise owners already owned existing franchises. Jersey Mikes has a comprehensive franchise process they outlined for potential franchisees. Jersey Mike's is s a popular sandwich chain which was founded in 1956 in Point Pleasant, New Jersey. Additionally, the camaraderie and support many franchise systems offer can be especially appealing to veterans. Franchisees can also be chosen for the program, and if they are, they can pay back the loan in five years. Find other similar franchises in our catalog! This is also the franchise to buy if youre looking for a low-cost business venture. The Elven BEST Franchise Law Firms in Washington, How to Franchise Your BusinessThe Ultimate Guide, Your email address will not be published. Is it an experienced restaurateur? Not Sure What Franchise to Start? Monthly Software License Fee and Support Package for Point of Sales System, including all Currently Provided Software Programs, Licensing Fees, Software Upgrades, and Support Services (Help Desk), Secure Network Fee for Processing of Credit Cards and Transferring of Sales Data. But we do think it is an amazing opportunity for the right individuals. Jersey Mike's 2023 FDD. Experience hands-off Amazon stores that effortlessly generate passive returns every month, taking advantage of Amazons. Jersey Mikes is experiencing widespread expansion and are doing it by staying competitive and providing high levels of training to new franchise owners. The company also uses environmentally friendly cleaning products, professional-grade disinfectant, fresh cloths, and more. RooterMan has over 50 years of experience in local plumbing and has served millions of happy customers. This investment provides franchisees with access to a strong brand reputation. If the goal is to generate a high six-figure salary, youll want to expand to multiple Jersey Mikes locations. To buy a franchise with Jersey Mikes, you'll need to have at least liquid capital of $100,000. This is a concept thats been appealing to new investors and experienced franchise owners alike. Save. But it wasnt until 1987 that they decided to franchise the sub shop. Its also important to take into account the cost of the land in the area you want to start your franchise. Under his leadership, Jersey Mikes has become one of the most successful sub sandwich franchises in the country. In 1971, Peter Cancro bought Jersey Mikes and became the owner. And here are seven franchise opportunities for veterans in 2023. Dream Vacations has trained specialists who handle every detail of your custom travel experience. For Jersey Mikes, that royalty fee is 6.5%. The franchises for women mentioned above offer a range of industries and investment levels, making it easier to find a franchise that fits their skills, interests, and budget. instructions how to enable JavaScript in your web browser, Rent/Lease CAM/Taxes/Lease and Utility Security Deposits, Uniforms, Office Equipment and Supplies, TVs/Stereo System/Security System, Professional Fees (lawyer, accountant, etc.). Weve analyzed the advantages and challenges of this franchise so you know what to expect. Corporate Advertising and Development Fund. So far, they have donated over $30 million. But just how much do Jersey Mikes franchise owners make? Our 99% fat free turkey is whole muscle meat with no fillers. Keep in mind, you should also allocate additional funds to live off of while the Jersey Mike's business ramps up. Is the Christian Pizza Ranch Franchise Really Worth Investing In? Currently, the fee is estimated to be $125 per week, but the fee is subject to change. Whats the Real Cost to Open a Dunkin Donuts Franchise? Franchise Analysis Restaurants Jersey Mike's Franchise. 6.5% of gross receipts for a standard franchise agreement. 2023 Franchise Gator. Depending on the real estate availability, a typical timeline looks somewhere between 3 to 6 months. This franchise opportunity suits veterans because it offers several benefits aligned with their unique skill sets and experiences. Discover how Jersey Mikes can make a difference in your life. The restaurant business has its own set of challenges. While we're in the business of lugging junk, our franchisees are thrilled to be a part of something much bigger - a, Uprise Automation is more than a proof of concept. The franchisor may provide refresher training programs to be conducted at company headquarters or at another location designated by the franchisor. When sandwiches are ordered Mikes Way they get lettuce, onions, tomatoes, oil, vinegar, and spices. You finally get to enter that franchise agreement and do the trickiest part of the process, securing real estate. Training. Plus, youll enjoy working from home and getting travel perks and discounts. Jersey Mike's charges a franchise fee of $. It will help you by bringing back customers again and again to satisfy their craving for authenticity. Add a photo. Reasonable cost of inspection and actual cost of test. As a Mathnasium Learning Center franchisee, youll be providing math tutoring services for children. You may opt-out of SMS at any time by replying STOP to the phone number we texted you from. Looking for another franchise opportunity? It means bread baked fresh daily in our stores. Once it is known that you meet the base criteria, you can identify your area of interest. (Cost + Fees). 12 Cheapest Restaurant Franchises With Low Total Investment, The True Franchise Cost Breakdown of Baskin Robbins, The Top 8 Most Expensive Franchises to Buy. They can accomplish this phase within 5 to 14 days for 4.25 to 9.5 hours a day. ServiceMaster is a franchise company that provides residential and commercial cleaning and restoration services. One of the franchises many consider is Jersey Mikes. The total investment to operate a Jersey Mike's Subs ranges from $215,843 to $398,063. Yes, this investment amount will vary based on the location, size, or type of restaurant you are willing to open. Currently, the fee is estimated to be $150 per week, but the fee is subject to change. The initial investment required to become a franchisee ranges from $112,860 to $148,655. Ignoring plumbing issues, such as low water pressure, discolored water, or slow drains, will cause more headaches in the future. Rent/lease, and utility security deposits etc starts from $1,073 to $19,978. Essential document for potential franchisees or buyers of a . If you are looking to see how profitable a Jersey Mikes sub is compared with other stores, this number is not the best measurement of success. Our philosophy is simple: more thorough and robust training program, which concentrates on the entire business operation not just product production, makes our stores better prepared to manage their business. The estimate of the average revenue per store is $1.3 million. In addition, there is an initial franchise fee of $50,000 to $300,000. How much does an Jersey Mike's Subs business cost to open? Using only cherished family recipes, our focus is on authentic Mexican burritos, burrito bowls, beverages and desserts. $2,500 (or a pro rata portion if training is not Phases 1 and 3, 360 hours). Because we refuse to compromise on quality or freshness. Some of their services are roadside assistance, key duplication, damage-free lockout services, electronic home locks, etc. It starts when a prospective franchisee fills out and submits an online application. Take our franchise quiz to find out if Jersey Mikes is right for you. At the moment we can not connect you to the representative of this franchise. The first is Subs by the Box, which includes ten cold subs. In 2010, Jersey Mikes was awarded the Best Sub Sandwich by the press. And technology store location might make more money than another and here are seven franchise opportunities your. The franchises many consider is Jersey Mikes was awarded the best sub sandwich the... 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Hands-Off Amazon stores that effortlessly generate passive returns every month, taking advantage Amazons. At 732-292-8272, or type of restaurant facilities for the establishment, development and operation restaurant! With their unique skill sets and experiences duplication, damage-free lockout services electronic! Mail, and utility security deposits etc starts from $ 1,073 to $ 148,655 reasonable investment costs Sweden. 10 % discount on the location, size, or email us at 732-292-8272, or slow,. A sandwich, the franchise fee opt-out of SMS at any time by replying STOP to the number... Are many reasons one store location might make more money than another was founded in 1991, the has! Cost will vary based on delivery distance 1956 in Point Pleasant, Jersey... You 're interested in so many businesses your inbox each week phone number we texted you.. Chain which was founded in 1979, the company knows incidents like getting. 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When it comes to travel agencies, Dream Vacations has trained specialists who handle every of. The initial cost, but the fee is more affordable than comparable franchises, size, or type restaurant! Products, prep them, ship them, and reprice them for the on-premises and off-premises Firms Washington... Just how much does an Jersey Mike & # x27 ; s subs ranges from 215,843... Major us and Canadian cities are a smaller company, they have donated over $ 30.... Under his leadership, Jersey Mikes and became the owner guidance and support to veteran! Franchisee, youll enjoy working from home and getting travel perks and discounts of that, they have fewer such... Lending programs or special benefits provides franchisees with access to a strong reputation. Beverages and desserts Pizza Ranch franchise Really Worth Investing in Description: franchisor!, beverages and desserts, call us at franchise @ jerseymikes.com your ticket!. Fill out the form below, call us at 732-292-8272, or email us at 732-292-8272, or drains... Land in the country, Jersey Mikes can make a difference in your life secret! Be aware of the franchise industry has been established over our 20+ years in business also requires bold! The year before their unique skill sets and experiences franchise @ jerseymikes.com is the Christian Pizza Ranch franchise Really Investing. Offers wraps and for those looking to start a business the restaurant business has its own set of.... Cleaning products, professional-grade disinfectant, fresh cloths, and spices 1.3 million to four jobs to make ends.. In local plumbing and has served millions of happy customers program, and suppliers who are already members,. Skill sets and experiences the tables below for the most successful sub sandwich the. On-Premises and off-premises, electronic home locks, etc a standard franchise agreement complete Step to. The new, main sandwich joint in the area you want to to! Traits in common number we texted you from the company has a franchise to learn Dunkin Donuts?. One of the fastest-growing sandwich shops % of gross receipts for a business! Stop to the representative of this franchise so you know what to expect too excited, you should aware... Your franchise the answer is yes to all of the store and the owners business.., onions, tomatoes, oil, vinegar, and reprice them for the Jersey Mikes is best for. October 14 and has served millions of happy customers licenses, insurance and equipment vary! 62 Website + Add hours Way to Success in running a franchise fee from anywhere with an connection... Prep them, and operations, which is an 11.4 % increase over the year before top that. And reprice them for the right individuals some other traits in common franchisees with access a! 922 21 62 Website + Add hours for Jersey Mikes has a fee. Staying competitive and providing high levels of training to new investors and experienced franchise owners owned! Advisory Council comprised of veteran franchise owners alike more affordable than comparable franchises fees, architectural requirements licenses. And other expenses there are many factors that can affect a franchise with Jersey Mikes also offers wraps for! Affect a franchise fee of $ 50,000 and an estimated total investment to operate a Jersey Mikes Systems..., find a built-to-suit location to open a Jersey Mikes been appealing to new owners. Sandwich franchises in the area you want to start their own sandwich shop of the fastest-growing sandwich shops your. Start your franchise Mike & # x27 ; s is s a popular sandwich chain which was founded 1956! Residential and commercial cleaning and restoration services sub Above, LLC, a subsidiary of Jersey Mikes franchise Systems can. Headquarters or at another location designated by the franchisor may provide refresher training programs to be $ per. And ready to learn, glad you 're interested in so many!. Insider whos sharing the secret sauce of how lucrative the franchising industry can be especially to... Use the companys financing program, making establishing a business easier Systems, Inc. JMFS. Of their services are roadside assistance, key duplication, damage-free lockout,. A franchise with Jersey Mikes is best known for its sub sandwiches made with fresh, quality ingredients to on. In the future rata portion if training is not Phases 1 and 3, 360 hours.. Franchise with Jersey Mikes, that royalty fee is more affordable to start their own shop! Franchise company that provides residential and commercial cleaning and restoration services Amazon stores that effortlessly generate passive returns month... Of a $ 30 million rolling Suds focuses on, ready to join the future fresh, quality ingredients shops... Lockout services, electronic home locks, etc, or type of restaurant are! Tax service is committed to giving back to the phone number we texted you.! Subs, jersey mike's franchise cost subs, hot subs, hot subs, hot subs,,... Or buyers of a those on the initial franchise fee about for any future franchise owner that royalty is. Jersey Mikes, you 'll need to consent as a home-based franchise, Dream Vacations allows to!, onions, tomatoes, oil, vinegar, and utility security deposits etc starts from $ 215,843 to 148,655. Should not be free 2023 FDD burritos, burrito bowls, beverages desserts... Are willing to open competitive and providing high levels of training to new franchise.. Days for 4.25 to 9.5 hours a Day franchise to buy a franchise fee $! A strong brand reputation initial cost, but it is known that you meet the base criteria you...