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Jersey Mike's Subs
 

JERSEY MIKE'S is a submarine sandwich franchise company which is voted “Best Sub” in virtually every market served. They have stayed true to their original recipes to serve premium quality authentic subs. They bake bread daily in the store. Roast beefs are cooked on premises. Meats and cheeses are sliced in front of the customer and the subs are topped with fresh sliced onions, lettuce, tomatoes, with red wine vinegar, olive oil and spices. The company’s mission is to bring its customers the highest quality, freshest made sub in the industry and give back to the communities in which it operates. **Note: Operating Units figures are as of year end 2008 - FDD

Franchisor Background

Year Established:

  1956

Franchising Since:

  1986

Operating Units:

Franchised Units:479 95.6%  
Company-Owned Units:22 4.4%  
 ______ _____  
Total Operating Units:501 100%  
 

Geographic Distribution:

U.S.:400 100% In 27 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:400 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. North Carolina89
2. Ohio34
3. California34

Registered in Following Registration States:

  

Financial Requirements

Investment:

Minimum Net Worth:$
Cash Investment:$
Total Investment:$161.6-418.4K
Average Total Investment:$290K
 

Fees:

Initial Franchise Fee:$18.5K
Average Franchise Fee:$18K
On-Going Royalty:6.5%
Average Royalty:6%
Advertising Fee:3.5%

Average Number of Employees:

   7 Full-time, 8 Part-time

Space Needs (in square footage):

   1,500

Preferred Sites:

   Free-standing Building, Strip Center

Other Sites:

  

Encourage Conversions?

   No

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:No
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:50
Site Selection Assistance?Yes
Lease Negotiation Assistance?Yes
Financial Assistance?No
 

Marketing Support:

Co-Op Advertising:Yes
National Advertising:Yes
Regional Advertising:No
Local Advertising:Yes
Marketing Materials:None Specified
Additional Services:None Specified
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Not Applicable
Central Purchasing:Not Applicable
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Not Applicable
 

Training:

1. Regionally and at Home Office8-12 Weeks
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:N/A
General Business Experience:N/A
Specific Industry Experience:N/A
Formal Education:N/A
Psychological Profile:N/A
Personal Interview(s):N/A

Minority Representation

Units Owned by Minorities:

African-American:N/A
Asian-American:N/A
Hispanic:N/A
Native American:N/A
Other:N/A
Specific Minority:N/A

Terms of Contract

Term of Initial Contract:10 Year(s)
Term of Renewal Period:10 Year(s)
Passive Ownership:Allowed, But Discouraged
Area Development Agreements?Yes, for 0 Year(s)
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

  
U.S.:Yes, All United States
Canada:No
Overseas:No
 
 
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