There is a wide range for an individual franchise. Your initial investment may vary depending on numerous factors, including the condition of the premises, the amount of construction performed by the landlord, geographic areas and your capabilities. The following estimated investment information is further explained in our 2016 Franchise Disclosure Document.
The estimated initial investment for developing a Jersey Mike's franchise breaks down as follows:
|Expenditure Type||Amounts*||Payment Method||When Due||To Whom|
|Total||$177,943 - $592,851.62|
|Initial Franchise Fee||$18,500||Lump Sum||On Signing of the Franchise Agreement||Company|
and Utility Security Deposits
|$2,025 - $30,248.66||Monthly||Monthly||Landlord|
|Architectural Fees||$2,038 – $22,000||As Incurred||As Arranged||Approved Suppliers|
|Leasehold Improvements||$84,250 - $258,864.22||As Arranged||As Arranged||Landlord or Contractors|
|Equipment/Furniture/Small Wares||$31,420 – $116,468||As Arranged||As Arranged||Designated and Approved Suppliers|
|Initial Inventory||$3,000 – $20,593.86||As Arranged||As Arranged||Designated and Approved Suppliers|
|Insurance||$2,000 - $6,000||As Arranged||As Arranged||Your Insurance Company|
|Training||$400 - $35,000||As Incurred||As Incurred||Transportation, Hotels, Restaurants, Staff Salaries|
|Grand Opening Advertising||$12,500||Lump Sum||On Signing Lease||Company|
|Exterior Signage||$975 - $19,281||As Arranged||As Arranged||Approved Suppliers|
|Interior Branding/Graphics||$445 - $5,110||As Incurred||As Incurred||Approved Suppliers|
|Uniforms, Office Equipment and Supplies, TVs/Stereo
|$4,805 - $19,550||As Incurred||As Incurred||Designated and Approved Suppliers|
|POS System||$585 - $13,735.88||As Incurred||As Incurred||Designated Suppliers|
|Additional Funds for 3 months||$15,000||As Incurred||As Incurred||Approved Suppliers, Employees|
*Actual or Estimated
The actual total initial investment necessary to begin operation of an individual Jersey Mike's Franchised Restaurant based on our experience from the opening of 195 Restaurants in the Jersey Mike’s system in 2015 was $201,357 – $471,164.50. The average cost to open a Restaurant in 2015, based on these 195 Restaurants was $318,916 and the median cost to open a Restaurant in 2015, based on these 195 Restaurants was $317,539. These numbers do not include two licensed, non-traditional restaurants opened on university campuses in New Jersey. Your initial investment may vary depending on numerous factors, including the condition and square footage of the Premises, the amount of construction performed by the landlord, impact fees, geographic areas and your capabilities.
This advertisement is not an offering. An offering can be made only through our Franchise Disclosure Document. If you would like to receive a copy of our Franchise Disclosure Document, please click the "Get Started" link.
FOR THE STATE OF NEW YORK: This advertisement is not an offering. An offering can be made only by a prospectus filed first with the Department of Law of the State of New York. Such filing does not constitute approval by the Department of Law. IN MINNESOTA: Minnesota Registration Number F-5389. Jersey Mike's Franchise Systems, Inc., 2251 Landmark Place, Manasquan, NJ 08736