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Jersey Mike’s Franchise | Owners Guide

When it comes to franchising, multiple questions arise for an aspiring business owner. From financial requirements to legalities and more, there are many rocks to turn when it comes to researching and acquiring the right franchise business. Jersey Mike’s is one of today’s fastest growing franchises and, for those interested in learning more about the business opportunity, several questions are likely to arise.

The International Franchise Professionals Group (IFPG) is a membership-based franchise consulting network that helps aspiring business owners make the best decisions when entering a franchise agreement. We’ve compiled this list of Frequently Asked Questions about Jersey Mike’s to help make your path to ownership and success run smoothly.

What are the requirements to become a Jersey Mike’s franchise owner?

The most important requirement is passion. To be a successful franchise owner and a successful leader, you must be passionate about your brand. If you’ve experienced and enjoyed Jersey Mike’s food and customer service, you’re off to a great start. Other than that, many factors go into becoming a franchisee and include:

• Having enough capital to cover start-up costs and maintenance

• Being able to lead and manage employees in a successful franchise

• Maintaining brand standards and adhering to management protocols

• Receiving approval from the Jersey Mike’s franchisor

• Possessing general business skill sets such as marketing, financial planning, and operations.

What is Jersey Mike’s unique approach to franchising?

Jersey Mike’s has a unique approach to franchising in that it is a collaborative process between the franchisor and franchisee, with the goal of mutual success. The brand’s franchising model focuses heavily on providing support and training in the areas of operations, marketing, and business systems. This is reinforced with an effective and proactive franchisor/franchisee relationship to ensure a strong and resilient foundation for business growth and success.

At Jersey Mike’s, you’ll be part of an intimate team environment with an emphasis on relationships and collaboration. From the franchisor to the franchisee, it’s a shared relationship and the goal is to ensure success for everyone involved. With each franchisee, Jersey Mike’s offers a personalized approach to help them with the unique challenges that come with operating a successful business.

What type of training do I receive as a franchisee?

Jersey Mike’s values its commitment to training its franchisees, which goes beyond just the initial training program. Jersey Mike’s creates a comprehensive training program for all facets of ownership including pre-opening, onboarding, training, and certification programs.

At Jersey Mike’s, franchisees can expect an intensive 10 day training program prior to opening and access to a 24/7 dedicated support team both before and after opening. The brand has also developed an eLearning platform which provides recorded tutorials and video training for franchisees to reference throughout their ownership journey.

Additionally, Jersey Mike’s offers regularly scheduled webinars and workshops that cover virtually every aspect of the operation. These workshops cover subjects such as business plans, management training, marketing plans, POS system reviews, and more.

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

The initial franchise fee for a Jersey Mike’s franchise is between $18,500 and $35,000 (plus 6% royalties), depending on the size of the location. This does not include the cost of building the store, equipment, signage, or any other related costs. The total cost for a Jersey Mike’s franchise is estimated to be between $190,000 and $400,000.

What are the legal requirements to becoming a franchisee?

In addition to the investment costs, franchisees must meet legal requirements to become a part of the Jersey Mike’s team. There is a standard Franchise Disclosure Document (FDD) provided by Jersey Mike’s that outlines the obligations of the franchisor and franchisee and any other pertinent information. Both parties must agree to the terms and conditions set forth within the FDD, and the document must be read thoroughly in its entirety.

It is essential that you understand all that is required of you as a franchisee before entering an agreement. Of course, this is where the IFPG comes in! Our knowledgeable Consultants are trained to help you understand the FDD and make the best decision for your business.

Concluding perspectives

The Jersey Mike’s franchise is a great opportunity for those looking to invest in a thriving business. But with any business, it’s important to do your research and understand the process and what’s required before entering any agreement. The IFPG is here to help make sure you make the best decision for your business. Contact us now for further assistance.

Topics:

Jersey Mike’s,

Franchise Consulting,

Franchise Agreement

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