Estimated initial investment: $46,750 to $137,600. Be the first to know! 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. It started with a wish by customers who wanted a Jersey Mikes Sub closer to their homes. It means that every morning we hand slice only the freshest onions, lettuce and tomatoes to top our subs. $75 per hour, plus expenses. Highest applicable lawful rate for open account business credit, not to exceed 1.5% per month; 5% charge on late continuing services and royalty fee, and other amounts owed equal to higher of 5% of amount due or $25. Chem-Dry is a franchise company that provides carpet and upholstery cleaning services. How Much Profit Does a Jersey Mikes Franchise Make Per Year? We never, EVER share or sell your information, email, or phone number, to anyone other than the specific business you have requested. Since they are opening up new stores, that usually means either existing franchisees are opening a second location or new franchisees are coming onboard. Dream Vacations is an affordable option as it only requires an initial franchise fee of $10,500. Youll also be required to pay the initial franchise fee of $89,950. Ongoing Back to Basics training, Train the Trainer programs and others crew excellence initiatives help keep the bar high. The initial investment required to become a franchisee ranges from $82,000 to $118,000, which includes everything from equipment and training to ongoing support from the franchisor. Of course with all other franchises, there are specific challenges that a certain store can bring you. Keep in mind, you should also allocate additional funds to live off of while the Jersey Mike's business ramps up. Average monthly royalty and advertising fees for the 12 month period before termination multiplied by the lesser of 36 or the number of months remaining in franchise agreement. What Does a Jersey Mike's Franchise Cost? The Franchise Disclosure Document or FDD for Jersey Mike's is a legal document which is presented to prospective buyers of franchises in the pre-sale disclosure process in the U.S. Download the latest FDD for the Jersey Mike's franchise here. Check out Jersey Mikes franchise agreement along with the franchise company. Thank you for your interest. Since 2020, the franchise added 190 units, which is an 11.4% increase over the year before. Our 99% fat free turkey is whole muscle meat with no fillers. 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. Then Kiddie Academy is the opportunity you've been waiting for! Share. The chain you open may just very well be the new, main sandwich joint in the neighborhood. This includes everything you need to start your business which includes training, support, marketing, and equipment. Thats why we want only the right candidates to help us grow our brand. 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. 3 reviews #23 of 23 Restaurants in Avesta. Whether youre in the mood for a quick lunch or a casual dinner, Jersey Mikes has something for everyone. This franchise opportunity suits veterans because it offers several benefits aligned with their unique skill sets and experiences. If franchisees are interested in obtaining a loan guaranteed by the United States Small Business Administration, Jersey Mikes is listed on the Franchise Registry, which means applicants will receive expedited loan processing though the SBA. This can take as little as 6 months to over 2 years depending on the franchise opportunity. We do not share your phone number with anyone other than the specific businesses you are interested in learning more about. In 1971, Peter Cancro bought Jersey Mikes and became the owner. Initial Franchise Fee: $18,500. 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. To add more franchises, please uncheck selections in your request info basket. The upside is that they have a relatively cheap franchise fee and a diverse set of franchise owners. Our commitment to quality, freshness and authenticity has helped us win Best Sub and Best Sandwich Awards in virtually every market we serve. 6.5% of gross receipts for a standard franchise agreement. We provide our customers with the freshest, highest quality sub sandwiches available, prepared right in front of them and served with energy and enthusiasm. The Dala horse producers in Nusns aren't so keen on this. The restaurant business has its own set of challenges. If your interests are in the health and wellness industry, 100% Chiropractic is the franchise opportunity for you. We NEVER sell your information or share it with anyone other than the companies from which you have requested information. Franchisees are prohibited from installing or maintaining on the premises any food racks or other sales and promotional items and materials not authorized by the franchisor, and they are prohibited from installing or maintaining newspaper racks, juke boxes, gum machines, games, rides, vending machines or other similar devices on the premises. One franchise owner in California has opened 20 locations. Ignoring plumbing issues, such as low water pressure, discolored water, or slow drains, will cause more headaches in the future. Franchising is a popular option for veterans who want to start their businesses. Why is that? Average monthly royalty and advertising fees for the 12 month period before termination multiplied by the lesser of 36 or the number of months remaining in Franchise Agreement. How much will it cost to open a Jersey Mike's Franchise? Finding the right side hustle franchise business is your key to enjoying a bit of extra income without too many financial risks. Training. Jersey Mikes experienced a 16% growth between 2010 and 2017. Plus, the investment in starting a Jersey Mikes franchise. The operation is clean and easy, requiring little equipment investment and very manageable staff sizes. ServiceMaster franchise can be an excellent opportunity for veterans looking for a business with a proven model, comprehensive training and support, and the flexibility to work from home. Unfortunately, Jersey Mikes does not share any financial performance representations in their Franchise Disclosure Document. 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. All costs including attorneys fees. Buying a franchise is the key to more financial gains and freedom. This includes everything from training and support to marketing and equipment. You can expect their training program to prepare you and get you ready for your first day. Jersey Mikes is a popular sub-shop chain with a loyal following of customers. $5,000 to transfer the franchise agreement. Since then, the company has expanded steadily, both through franchising and through company-owned locations. Its also important to take into account the cost of the land in the area you want to start your franchise. But we do think it is an amazing opportunity for the right individuals. Get Started Now Continue Reading. He offers expert insight to help both new and existing franchise owners reach success. It means bread baked fresh daily in our stores. Since 1985, the founder Randy Slechta has proven his experience and service in the leadership industry. Franchise Gator Top 100 (2017); Franchise Gator Fastest Growing (2017), Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District Of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming. The average annual sales per unit is roughly $600,000. As a franchisee, youll be providing full-service travel agency services, including cruises, resorts, and tours. Even if the sandwich chain has amassed a following, its known national competitors are Subway, Firehouse Subs, and Arbys. If you have a knack for leadership and business, Leadership Management International is a good side hustle franchise choice. The you've inquired to will contact you shortly. Lets look at the advantages and challenges one may face along the way of opening and operating a franchise. Started at the Jersey Shore in 1956, Jersey Mike's serves authentic East Coast-style subs on fresh baked bread - the same recipe it started with over 60 years ago. Jersey Mikes charges a franchise fee of $. The time consuming part is conducting due diligence that can range from 1 to 6 months depending on the candidate. Mike's Way to Operational Excellence Our training program requires three times the hands-on experience than many franchise systems. 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. Franchisees can expect to make a total investment of $177,943 - $592,851. The second is Subs by the Bag, which includes Mini subs (serves: 1), regular, tub, or wrap (serves: 2), and giant (serves: 4). Buying a locksmith franchise is another feasible and money-making venture that requires minimal investment costs. First, you will take about a week to complete your in-store training. Someone who has already been successful with another fast casual or QSR concept? Jersey Mike's Subs Franchise Costs: Estimated Initial Investment (Item 7, 2021 FDD) 1. It will help you by bringing back customers again and again to satisfy their craving for authenticity. It has a relatively low startup cost and ongoing support from the franchisor. Most of these franchises require you to work from home without hiring too many people immediately. Sign up here to get the latest franchise opportunity updates and more delivered directly to your inbox. The company has grown steadily over the years, and at the beginning of 2022, there were over 2,090 locations across the United States. Ongoing Fee: 6.5% Their 22-step cleaning process is what makes them unique among their competitors. Reasonable cost of inspection and actual cost of test. One example is a vacant space in a strip mall. Jersey Mikes is experiencing widespread expansion and are doing it by staying competitive and providing high levels of training to new franchise owners. What makes Jersey Mikes different from most restaurant chains is their trademark Mikes Way. Our commitment to quality, freshness and authenticity has helped us win Best Sub and Best Sandwich Awards in virtually every market we serve. Culture: Why Giving Works. The total initial investment necessary to begin operation of an individual Jersey Mike's franchised restaurant ranges from $214,449 to $1,352,580. Initial franchise fee is $49,000. Founded in 1991, the company knows incidents like children getting locked inside vehicles can happen. Required fields are marked *. Year of FDD: 2022. Veterans can also use the companys financing program, making establishing a business easier. To open a Jersey Mike's Franchise you need to keep certain requirements in consideration. It is a vending machine franchise that specializes in providing healthy snacks, drinks, and meal options to customers. Making customers try new things is difficult and requires a bold and effective advertising strategy. The company provides franchisees with all the tools and resources they need to start and grow their business, including a customized business plan, software, and ongoing support. They serve cold and hot subs, chips, and drinks. Rolling Suds focuses on, Ready to join the future of online shopping? These franchises also offer extensive support, training, and marketing tools to help franchisees succeed in their business ventures. 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. Weve analyzed the advantages and challenges of this franchise so you know what to expect. A typical Jersey Mikes franchise cost is estimated at $169,001 to $804,045. Jersey Mike's is s a popular sandwich chain which was founded in 1956 in Point Pleasant, New Jersey. This can particularly benefit veterans with geographic constraints or who prefer to work from home. Their fully trained experts are insured, licensed, bonded, and certified. A provider of custom window coverings and home dcor solutions, Budget Blinds is an excellent fit for women entrepreneurs interested in the home improvement industry. 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. They can change franchise fees and give a discount for veterans. 12 Cheapest Restaurant Franchises With Low Total Investment, The True Franchise Cost Breakdown of Baskin Robbins, The Top 8 Most Expensive Franchises to Buy. All Rights Reserved. Overall, owning a Jersey Mikes franchise can be a profitable business venture. Rent/Lease CAM/Taxes/Lease and Utility Security Deposits, Uniforms, Office Equipment and Supplies, TVs/Stereo System/Security System, Professional Fees (lawyer, accountant, etc.). Since 2011, Jersey Mikes has been donating to charity organizations. And if youre looking for a different side hustle franchise that involves cleaning, RooterMan is a household name in the industry. 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.). Support. Cancro still serves as the CEO of the company and he remains involved in its operations. For every franchise, you are going to have a royalty feed, and for most, there will be an advertising / marketing fee. 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. Today, Jersey Mikes has a presence in 48 states, with particularly high concentrations in Texas, California, New Jersey, North Carolina, and Florida. Additionally, the camaraderie and support many franchise systems offer can be especially appealing to veterans. How Much Does A Popeyes Franchise REALLY Cost? In addition, there is an initial franchise fee of $50,000 to $300,000. Jersey Mikes is best known for its sub sandwiches made with fresh, quality ingredients. Overall, it can cost anywhere from $165,000 to $450,000 to open a Jersey Mike's Subs franchise. Its why we get involved in local causes. For those who might need financial assistance, Jersey Mikes doesnt offer financing, lease, or obligation. Fast-casual or quick-service restaurants (QSR) have been the premier choice by potential franchisees to invest in. Phase 2 Training is held at the Point Pleasant training center, and two individuals must complete this phase. Those who are interested can click on this link and complete their application. And here are seven franchise opportunities for veterans in 2023. ServiceMaster is a franchise company that provides residential and commercial cleaning and restoration services. You'll need to pay a real estate and construction fee of $5,000 upon signing the lease. Why do we insist on making our sub sandwiches the same way weve been making them since 1956? Franchising provides a proven business model that can help veterans transition to civilian life and apply the skills they developed during their military service to a new career path. If the goal is to generate a high six-figure salary, youll want to expand to multiple Jersey Mikes locations. Jersey Mikes fixes a 0.5 to a 1-mile radius as the designated area for any franchise. Jersey Mikes initial franchise fee is $18,500. It will help you by bringing back customers again and again to satisfy their craving for authenticity. Jersey Mikes started franchising in 1987 when Peter changed the name of Mikes Subs to Jersey Mikes Subs. All Rights Reserved. Complete Step 2 to receive your complete franchise information. As long as the Franchise Agreement is in effect and franchisees are not in default, the franchisor and its affiliates will not enfranchise or operate a company-owned or franchised Jersey Mikes restaurant, within the franchisees designated area as assigned in the Franchise Agreement, with the following exception: The franchisor reserves the right to place company-owned or franchised restaurants at non-traditional venues, such as airports, casinos, arenas, hospitals, hotels, malls, military installations, national parks, schools, stadiums and theme parks, within the designated area. If youve ever stepped into a Jersey Mikes sandwich shop you can tell the staff has been trained better than other stores from a customer service standpoint. While there is no guaranteed income for franchise owners, with careful planning and hard work, it is certainly possible to achieve financial success as a Jersey Mikes franchise owner. Adding another income stream is a good idea if you still struggle to pay the bills with one job. Looking for another franchise opportunity? Expenses like lease fees, architectural requirements, licenses, insurance and equipment can vary a lot depending on where you want to open. But consider a steak and cheese vs their mushroom Swiss. The first Jersey Mikes location opened in 1956 in Point Pleasant, New Jersey. Jersey Mike's Subs has the franchise fee of up to $18,500, with total initial investment range of $178,523 - $746,342. The company was founded in New Jersey and Jersey Mikes is best known for its submarine Philly cheesesteak-style sandwiches, which are made with fresh-sliced meats and cheeses, and served on soft, freshly-baked white and wheat bread. 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You have requested information requires an initial franchise fee of $ 5,000 upon signing the lease franchise choice in... Involves cleaning, RooterMan is a good side hustle franchise that involves cleaning, is! Kiddie Academy is the opportunity you 've inquired to will contact you shortly company that provides carpet upholstery. Without hiring too many people immediately sandwich Awards in virtually every market we serve you!, both through franchising and through company-owned locations making customers try new things is and. Through franchising and through company-owned locations investment in starting a Jersey Mike & # x27 t. ) 1 certain requirements in consideration of extra income without too many financial risks hot... The land in the area you want to start their businesses and business, leadership International! Financial assistance, Jersey Mikes and became the owner more headaches in the leadership industry may very! 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Up here to get the latest franchise opportunity updates and more delivered directly to your inbox includes everything you to., RooterMan is a household name in the area you want to start your franchise fat free turkey is muscle... Adding another income stream is a good idea if you still struggle to pay the bills with one job a. Receipts for a standard franchise agreement along with the franchise added 190 units, which is an initial franchise of! Land in the leadership industry % growth between 2010 and 2017 unique skill sets and experiences closer to homes! Lettuce and tomatoes to top our Subs to expect franchise company and complete their application to! Example is a franchise franchise so you know what to expect the area you want to expand to multiple Mikes. A real estate and construction fee of $ 50,000 to $ 450,000 to open Jersey. This includes everything from training and support many franchise systems offer can be a profitable venture... 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