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Exploring Jersey Mike’s Franchise: Questions Answered

Starting a business can be an exciting and intimidating venture all at once. Those interested in business ownership may find solace in franchising, as it offers a variety of options, as well as a structure and support system for success. Most recently, franchise operations such as Jersey Mike’s have taken the market by storm, and those looking to invest in such a brand may be curious about how to move forward. In this article, we’ll answer some of the questions frequently asked about Jersey Mike’s franchise and offer further advice for those interested in business ownership.

What is Jersey Mike’s?

Jersey Mike’s, originally opened in 1956 as Mike’s Subs, is an American submarine sandwich restaurant chain with over 1,500 locations. With a focus on high quality, sustainably sourced ingredients, Jersey Mike’s has made a name for itself in the fast-casual restaurant market. Founded in the parts of New Jersey, the company has grown to locations across the country, bringing with it a sense of community and quality food.

How much does it cost to start a Jersey Mike’s franchise?

As with many franchise operations, costs can vary significantly depending on the size and location of a given restaurant. That said, potential franchisees should be prepared for an initial investment of at least $350,000 USD. Costs will also depend on whether an individual is opening a company or independently owned unit of Jersey Mike’s.

What makes investing in Jersey Mike’s profitable?

As previously mentioned, Jersey Mike’s has grown immensely since its beginnings in New Jersey. While the franchise success of the brand speaks for itself, a closer look at the financials will likely be enough to convince potential franchisees of the profitability of a Jersey Mike’s franchise. According to the company’s Franchise Disclosure Document, Jersey Mike’s locations averaged a revenue of over $1.1 million in 2018, which is the most recent data available.

What are the requirements for becoming a Jersey Mike’s franchisee?

In order to become a Jersey Mike’s franchisee, individuals must meet the company’s franchise requirements. Among others, these requirements include financial stability, background checks, and a minimum net worth of $500,000. Additionally, franchisees should expect to pay ongoing royalties of 6% of the franchise location’s sales, as well as an advertising fee of 3% of gross sales to the company.

What are the benefits of becoming a Jersey Mike’s franchisee?

In addition to the potential long-term financial rewards, investing in a Jersey Mike’s franchise comes with a variety of other benefits. These include access to the company’s proven business model, site selection and build-out assistance, turnkey operational training, and a dedicated franchise support system. Furthermore, the company’s commitment to community involvement and high-quality ingredients makes Jersey Mike’s a great fit for those interested in making a positive impact.

Where can I start for more information?

For more information on Jersey Mike’s franchise opportunities, the best place to start would be the company’s website. The website provides potential franchisees with a wealth of information, including an overview of Jersey Mike’s, an overview of the process, and frequently asked questions. Furthermore, the Jersey Mike’s official franchise website allows individuals to connect with representatives and learn more about available opportunities.

For those tired of corporate life feeling unfulfilled and wanting to transition into business ownership, investing in a franchise operation such as Jersey Mike’s can be a great option. With its successful record and comprehensive structure for success, plus its commitment to quality ingredients and community, it is easy to see why investing in a Jersey Mike’s franchise may be a perfect fit for some.

Topics:

Jersey Mike’s franchise,

franchise opportunity,

business ownership.

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