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Owning a Jersey Mike’s Franchise

If you are a recently retired professional looking for a way to stay engaged and active, owning a business may be the perfect way to do just that. A Jersey Mike’s franchise is a popular franchise choice for many entrepreneurs — and it’s easy to see why. Jersey Mike’s is one of America’s fastest-growing franchise brands with close to 2,000 locations coast-to-coast. With its reliance on quality products, friendly service, and value, the franchise attracts millions of loyal customers every year. As an aspiring business owner, investing in a Jersey Mike’s franchise can be a great way to reap the rewards of business ownership while getting involved in a proven success story.

But before making such an investment, you may have a few questions. Here, we’ll address some of the most common questions potential franchisees have about the Jersey Mike’s franchise system.

Question 1: How much does it cost to open a Jersey Mike’s franchise?

The cost of opening a Jersey Mike’s franchise varies and depends on a number of factors. According to the official Jersey Mike’s website, the initial franchise fee ranges from $25K for a non-traditional location to $30K for a traditional location. The total investment into an established Jersey Mike’s franchise ranges from $195K to $450K. Expenses can include start-up costs, real estate, $15K for the initial inventory, a $5K deductible in the case of a merchant services agreement for data and gift cards, and a number of other expected costs.

Question 2: Is there financing available for Jersey Mike’s franchisees?

Yes, there is. Jersey Mike’s has established relationships with several lenders to help existing and prospective franchisees with financing options. The lenders evaluate asset and equity, experience, time in business, and other factors to determine the best financing options available.

Question 3: What type of support will I receive as a Jersey Mike’s franchisee?

As a franchisee, you will receive a variety of support services. The support services include real estate assistance, training programs, operational support, marketing programs, and more. The primary goal of Jersey Mike’s is to ensure franchisees’ success and maximize support for their operations. The company prides itself on helping to build relationships with customers and staff, as well as helping franchise owners and operators achieve their business goals.

Question 4: What kind of locations are available for franchising?

Jersey Mike’s franchises come in two categories: traditional and non-traditional. Traditional locations offer a full-service vibe, with an ordering counter, dining room, and prep kitchen. Non-traditional locations focus solely on fast, efficient customer service, and do not offer dining options. Non-traditional locations include mall kiosks, airports, stadiums, college campuses, military bases, amusement parks, and other high-traffic locations.

Question 5: What is the royalty fee for owning a Jersey Mike’s franchise?

The royalty rate for a Jersey Mike’s franchise is based on net sales and is 4.5%. The company offers flexible financing options to help existing and prospective franchisees with financing.

Question 6: How do I know if a Jersey Mike’s franchise is right for me?

The most important factor is deciding if you have the passion and drive to open a franchise location. As with any business, success requires hard work and dedication. That said, Jersey Mike’s franchises have proven to be successful — and they provide a great opportunity for potential franchisees. If you are committed to delivering premier customer service, building relationships with customers, and offering top-notch food, a Jersey Mike’s franchise could be the perfect fit for you.

Topics:

Jersey Mike’s Franchise,

Franchise Costs,

Financing Options

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