Jersey Mike's Franchise Opportunities
Jersey Mike's Subs is an American submarine sandwich chain headquartered in Manasquan, New Jersey. The Jersey Mike's franchise has almost 1,300 locations open and about 70 more in development across the United States. Five additional locations are open outside the U.S.
The company provides cold subs, hot subs, wraps, kids’ meals, combos, drinks, and desserts. It also offers franchising and catering services.
How to open a Jersey Mike's Subs franchise?
- Ensure you have adequate capitalization.
In order to open a Jersey Mike's Subs franchise, you must have a net worth of more than $178,000.
- Appreciate the investment required for a restaurant franchise.
You will need to consider building and real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.
- Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a Jersey Mike's Subs franchise owner.
- Assess market availability.
You will want to look at the market availability for Jersey Mike's Subs franchises and see if there are available markets in your location of interest before proceeding with the franchising application.
- Submit your application.
Your application will be reviewed by the Jersey Mike's Subs franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner.
- Receive approval & opening your Jersey Mike's Subs franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
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How much does Jersey Mike's Subs franchise cost?
Jersey Mike's Subs has the franchise fee of up to $18,500, with total initial investment range of $178,523 - $746,342.
Initial investments: $178,523 - $746,342
Net-worth Requirement: $300,000
Liquid Cash Requirement: $100,000
Initial Franchise Fee: $18,500
Ongoing Fee: 6.5%
Ad Royalty Fee: 5%
On-The-Job Training: 360 hours
Classroom Training: 40 hours
Number of Employees Required to Run: 10 - 15
Jersey Mike's Subs Franchise Info: https://www.jerseymikes.com/franchise
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