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Jersey Mike’s Franchise Support

Aspiring entrepreneurs interested in buying a franchise business have multiple questions. Jersey Mike’s is an attractive franchise opportunity with a successful track record and potential for growth. The International Franchise Professionals Group (IFPG) is here to help guide aspiring business owners through the process of identifying and investing in franchise businesses. Here is what entrepreneurs need to know about Jersey Mike’s franchise, from startup costs and revenue to profitability and training.

What is Jersey Mike’s?

Jersey Mike’s is a fast-casual sandwich restaurant chain founded in 1956 and headquartered in Manasquan, New Jersey. The restaurant specializes in high-quality, made-to-order subs, wraps, salads, and more. As of 2021, there are over 2,000 Jersey Mike’s locations across the United States. The company offers franchising opportunities to qualified individuals who want to own and operate their own restaurant.

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

The initial franchise fee for a Jersey Mike’s franchise is $25,000. This fee covers the cost of training, operating manuals, and other miscellaneous startup expenses. In addition to the franchise fee, franchisees are required to pay a royalty fee of 5.5% of gross sales. There are also various other fees associated with opening and running a franchise, such as advertising fees, equipment costs, lease costs, etc. The total startup cost for a Jersey Mike’s franchise can range from $200,000 to $400,000 depending on the size of the restaurant and specific location.

How much money can I make from a Jersey Mike’s franchise?

The exact amount of money you can make from a Jersey Mike’s franchise depends on multiple factors, such as location, customer base, and competition. That said, in 2020, the median gross sales for a Jersey Mike’s franchise was $1 million, while the median net profit was $200,000. It’s important to keep in mind that it typically takes several years for a Jersey Mike’s franchise to turn a profit.

What kind of training do I need to run a Jersey Mike’s franchise?

Jersey Mike’s provides comprehensive training and support for its franchisees. This includes an initial 7-day training course designed to teach franchisees the basics of running a successful Jersey Mike’s location. Franchisees are also required to attend a multi-day operations and management school that covers topics such as staffing, customer service, accounting, and marketing. Additionally, Jersey Mike’s provides ongoing support and guidance through their Franchise Advisory Councils and regional staff.

What are the benefits of owning a Jersey Mike’s franchise?

Owning a Jersey Mike’s franchise can be a rewarding experience, both financially and emotionally. In addition to the potential for high revenue, franchisees benefit from the flexibility of owning their own business, the support of a dedicated team of franchise experts, and the potential to expand their business at any time. Additionally, Jersey Mike’s locations have a reputation for creating loyal customers and strong brand identity.

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

To become a Jersey Mike’s franchisee, you need to demonstrate financial stability and have a strong desire to own and operate your own business. You must also commit to investing the time and energy required to manage a successful franchise. Additionally, potential franchisees need to have experience in the restaurant industry and a minimum net worth of $400,000. Finally, Jersey Mike’s requires that all potential franchisees attend the seven-day training course and the multi-day operations and management school.

The main takeaway

It’s evident that Jersey Mike’s is an attractive franchise opportunity for aspiring entrepreneurs. With the right combination of financial stability, restaurant experience, and dedication, you can experience the benefits of owning and operating your own franchise. The International Franchise Professionals Group (IFPG) is here to help guide you through the process of becoming a Jersey Mike’s franchisee.

Topics:

Jersey Mike’s franchise,

franchisee,

franchise opportunity

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