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Jimmy John's Franchise Opportunities
Jimmy John's Franchise, LLC is an American franchised sandwich restaurant chain, specializing in delivery. It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois. In 35 years, the company has grown to more than 2,800 locations in all states except Alaska, Connecticut, Hawaii, Maine, New Hampshire, Rhode Island and Vermont. Jimmy John's has opened approximately 200 locations per year over the past three years. As of 2014, 98% of the locations were franchise-owned.
As of March 2017, Jimmy John's has almost 3,000 stores with plans for expansion up to 5,000 and beyond.
How much does Jimmy John's franchise cost?
Jimmy John's has the franchise fee of up to $35,000, with total initial investment range of $329,500 - $557,500.
Initial investments: $329,500 - $557,500
Net-worth Requirement: $300,000
Liquid Cash Requirement: $80,000
Initial Franchise Investment
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $30,000 | $35,000 |
| Real Estate/Rent (1 month) | $2,500 | $8,000 |
| Security Deposit | $2,500 | $2,500 |
| Leasehold Improvements | $100,000 | $200,000 |
| Furniture, Fixtures, Signage, and Equipment (including Computer/ Point-of-Sale System) | $107,500 | $166,000 |
| Architect | $5,000 | $10,000 |
| Office Equipment | $2,500 | $2,500 |
| Utility Deposits | $1,000 | $2,000 |
| Opening Inventory and Supplies | $6,000 | $6,000 |
| Grand Opening Event | $3,000 | $5,000 |
| Training Expenses (out-of-pocket costs for up to 3 people) | $6,000 | $15,000 |
| Insurance | $11,500 | $15,000 |
| Miscellaneous Expenses | $2,000 | $10,000 |
| Additional Funds (first 3 months) | $50,000 | $75,000 |
| ESTIMATED TOTAL * | $329,500 | $557,000 |
* The estimated initial investment range excludes real estate purchase costs.
Ongoing Fees
Initial Franchise Fee: $35,000
Ongoing Fee: 6%
Ad Royalty Fee: 4.5%
Jimmy John's Franchise Profit
A Jimmy John's Gourmet Sandwiches franchise is a great investment opportunity that is sure to bring promising earnings. The brand started franchising in 1993 and today has numerous locations. On average, the estimated annual profit for a Jimmy John's franchise is around $1.2 million, and a franchise owner can expect to earn between $90,000 and $280,000. The initial cost of acquiring and running a franchise can be rather sizable, but the return on investment is solid. If you want to open a restaurant business, then Jimmy John’s is the right choice for you.
Support Options
On-The-Job Training: 119.5 hours
Classroom Training: 16 hours
Additional Training: 7 weeks for general managers; 3 weeks for assistant managers
Number of Employees Required to Run: 20
Jimmy John's Franchise Info: https://www.jimmyjohns.com/franchising
The information is provided from public sources on the Internet
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