jersey mike's franchise cost

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 Take our franchise quiz to find out if Jersey Mike's is right for you. Franchise Description: The franchisor is A Sub Above, LLC, a subsidiary of Jersey Mikes Franchise Systems, Inc. (JMFS). Our franchisees are not only excellent business people, they are tireless community leaders, too. However, Jersey Mike's did start the Coach Rod Smith Program. Add a photo. Theres a step-by-step process to become a franchise owner with Jersey Mikes. General Contractor and Architect Approval, Operation of the Franchised Restaurant in Case of the Franchisees Absence, Incapacity or Death. This franchise opportunity suits veterans because it offers several benefits aligned with their unique skill sets and experiences. The Elven BEST Franchise Law Firms in Washington, How to Franchise Your BusinessThe Ultimate Guide, Your email address will not be published. This can provide peace of mind to veterans seeking a stable and reliable business opportunity. And this is where Pop-A-Locks 24/7 quality service comes in. Franchisees will offer for sale, use and provide at the franchised restaurant all types of sandwiches and other categories of food products that the franchisor authorizes. There are also late fees for not paying royaltys on time and you might even need to pay the cost of an audit if corporate decides to review your books. This franchise is one reason competitors like Subway units have declined in recent years. The franchisor may provide refresher training programs to be conducted at company headquarters or at another location designated by the franchisor. 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. This is to be paid to the landlord. Fast-casual or quick-service restaurants (QSR) have been the premier choice by potential franchisees to invest in. Net-worth Requirement: $300,000 We have real results, real physical products, with real margins. Today, Jersey Mikes has a presence in 48 states, with particularly high concentrations in Texas, California, New Jersey, North Carolina, and Florida. Experience hands-off Amazon stores that effortlessly generate passive returns every month, taking advantage of Amazons. Any franchisee that will launch a franchise will have an initial ten-year term to run it. Jersey Mike's Subs is an American submarine sandwich chain headquartered in Manasquan, New Jersey. Additionally, Trainee 1 and Trainee 2 will be required to attend and participate in the grand opening of another restaurant. Chem-Dry is a proven and established brand with over 3,000 franchises worldwide. If franchisees have complied with all the provisions in the Franchise Agreement, they can renew for one additional term of 10 years. 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. Especially since it is a smaller company with less than 1,000 store locations and room for expansion. You have reached the maximum of . 7-Eleven is a popular convenience store franchise that has been in business for over 90 years. Travel within Sweden is: . The company is also highly reviewed on Yelp, Google, and Facebook, ensuring customer satisfaction. Why is that? The first Jersey Mikes location opened in 1956 in Point Pleasant, New Jersey. Founder and CEO A Message from Peter Cancro: Franchising With Jersey Mike's Share Watch on Call us at 732-292-8272 or email us at franchise@jerseymikes.com Get Started Now Continue Reading How Much Does It Really Cost to Open a Subway Franchise? It means Certified Angus Roast Beef trimmed tied and cooked in our stores. Estimated initial investment: $84,000 to $148,000. Jersey Mike's initial franchise fee is $18,500. Rate is subject to change. Jersey Mikes started franchising in 1987 when Peter changed the name of Mikes Subs to Jersey Mikes Subs. (Cost + Fees). These less tangible traits are critical to our success. You also agree to our Privacy Policy & Terms of Use. Jersey Mike's Subs Franchise Cost / Initial Investment / Jersey Mike's. The franchise fee for a Jersey Mike's Subs shop is $18,500. Rolling Suds focuses on, Ready to join the future of online shopping? But how much does a Jersey Mikes franchise cost? Franchising offers an attractive path to entrepreneurship for military veterans. Not Sure What Franchise to Start? As you probably noticed, the range of the initial total investment is quite extensive. They serve cold and hot subs, chips, and drinks. As a home-based franchise, Dream Vacations allows franchisees to work from anywhere with an internet connection. The designated area typically comprises a 0.5 to 1 mile radius from the front door of the franchised restaurant. Here is a breakdown for your clarity. The Dala horse producers in Nusns aren't so keen on this. The Jersey Mike's Business Model. For Jersey Mikes, that royalty fee is 6.5%. Compare the profit you are seeking to comparable businesses in your area. 12 Cheapest Restaurant Franchises With Low Total Investment, The True Franchise Cost Breakdown of Baskin Robbins, The Top 8 Most Expensive Franchises to Buy. I invite you to review the following pages and videos to explore what so many other people have discovered about this exciting business opportunity. General Contractor and Architect Approval, Operation of the Franchised Restaurant in Case of the Franchisees Absence, Incapacity or Death. You may opt-out of SMS at any time by replying STOP to the phone number we texted you from. Then Kiddie Academy is the opportunity you've been waiting for! The above information has been compiled from the FDD of Jersey Mikes. Franchisees can expect to make a total investment of $177,943 - $592,851. 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. At the moment we can not connect you to the representative of this franchise. Share. Jersey Mike's Franchise Requirements The company requires $100,000 in liquid capital and a net worth of $300,000 to qualify. The franchisors in house counsel fee shall be charged at a rate of $300 per hour. How Much Does A Popeyes Franchise REALLY Cost? Jersey Mikes has a comprehensive franchise process they outlined for potential franchisees. The company also uses environmentally friendly cleaning products, professional-grade disinfectant, fresh cloths, and more. Peter Cancro started working at the local sub shop when he was just 14, and he eventually bought the shop from the owner in 1971. Phases 1 (180 hours) and 3 (180 hours) consist of on the job training in a restaurant designated by the franchisor for a minimum of eight weeks. Authentic means fresh sliced, premium quality meat and cheese. Rate is subject to change. $0.2921 per transaction and 3.74% of the sale of each such transaction. Click here to get a new food business case study with revenue numbers delivered each week. Overall, owning a Jersey Mikes franchise can be a profitable business venture. Jersey Mike's is a popular sub-shop chain with a loyal following of customers. Rent/lease, and utility security deposits etc starts from $1,073 to $19,978. Presently, Jersey Mikes has over 2,000 locations nationwide. However, it is important to note that becoming a franchisee requires significant education and training in the field of chiropractic care, which may not be feasible or desirable for everyone. Our strong support system, training program, and proven business model will help, A professional company with 23 years of experience offering investors an opportunity building a business in the expanding, worthwhile and respected space of health and wellness offerings. By pressing "Submit Request", you agree that Franchise Gator and businesses you selected may call/text/email you at the number you provided above, including for marketing purposes related to your inquiry. Interested parties should have at least $100,000 in liquid capital to invest. But consider a steak and cheese vs their mushroom Swiss. Luckily, their franchise fee is more affordable than comparable franchises. We provide our customers with the freshest, highest quality sub sandwiches available, prepared right in front of them and served with energy and enthusiasm. As a Mathnasium Learning Center franchisee, youll be providing math tutoring services for children. We purchase brand name products, prep them, ship them, and reprice them for the best results. Candidates for the Coach Rod Smith Program will be managers of existing Jersey Mikes restaurants nominated by senior management of JMFS. In a competitive commercial real estate market the process could take longer. All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Phase 1 & 3 On the job training for a minimum of eight weeks (180 hours). Receive a personalized report of exciting new franchise opportunities to your inbox each week. The thought being your own boss is exciting, but there are some things to consider before deciding if this franchise is right for you. Get Started Now Continue Reading. $2,500 (or a pro rata portion if training is not Phases 1 and 3, 360 hours). Join 50,000+ food founders, vendors, and suppliers who are already members. If youre interested in owning a sandwich franchise, Jersey Mikes could be a great opportunity for you! If you want to save money, find a built-to-suit location to open a Jersey Mikes. Depending on the real estate availability, a typical timeline looks somewhere between 3 to 6 months. service. Cancro still serves as the CEO of the company and he remains involved in its operations. Review our cookies information for more details. They also offer a discount for veterans. 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.

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