Read more Lack of Effective Workforce Management. That’s why we want only the right candidates to help us grow our brand. Jersey Mike's Franchise Systems, Inc. owns and operates a chain of sub sandwich restaurants. To further explain this, this consists solely of the value of your assets without the inclusion of … The largest region is the South with 695 franchise locations. It means Certified Angus Roast Beef trimmed tied and cooked in our stores. Founded in 1956, Jersey Mikes started franchising 31 years later in 1987. Pizza is consistently in style, and one of the most recognizable pizza chains on … It was named as the USA’s fastest growing franchise business in the year 2016 and has huge profit margins for owners. By continuing to use this website you consent to the terms of our privacy policy. +Tips + Cool Coworkers Corporate is great, it is just the franchise owners. Payable only if … I prefer not to provide my Available Cash to Invest, but I do have access to the Minimum Cash Required for the franchises I am inquiring about. The Jersey Mike's franchise has more than 1000 locations open and in development across the United States. ... What are the Most Profitable Franchises? It all happens on the store level at Jersey Mike’s, and our experience tells us that the right operator is absolutely imperative to running a successful and profitable business. Why Jersey Mike’s Commits To An “Ideal Operator” ProfileWe’ll be the first to tell you, owning a Jersey Mike’s isn’t for everyone. Considering how expensive it can be to get a Jersey Mike's up and running, this net worth requirement is pretty understandable. The Jersey Mike's story is hardly a new one since they've been making sandwiches since 1956, but with 2,000 locations open or under development, it's obviously a hot ticket for potential franchise investors (via Jersey Mike's). "We have been able to balance new franchise sales and on-going support," company president Hoyt Jones said before adding "We have 35 Area Directors who assist and support our franchisees." Just this year, Jersey Mike’s … And most of these restaurants attribute their growth to the franchising model, which has given them huge leaps to success. Audit: cost of audit, plus interest on underpayment. Franchise owned: 20 Southern California Jersey Mike’s Subs locations in Rancho Cucamonga, Fountain Valley, Costa Mesa, La Verne, Glendora, Upland, Marina del … That's certainly not cheap, but it's a lot less expensive than the $1 to $2.2 million investment a person would spend opening another McDonald's. In terms of fast food restaurant franchises, Subway had always seemed to be the franchise of choice. Jersey Mike’s, a fast-casual sub sandwich franchise with more than 1,500 locations open and under development nationwide. Opening a franchise of a popular restaurant is often very expensive and per the company's website, investors in Jersey Mike's can expect the cost to be between $237,419 and $766,971. Jersey Mike’s franchise requires all prospective franchisees to have a net worth of about $300,000. As of the 2020 Franchise Disclosure Document, there are 1585 franchised Jersey Mike's Subs locations in the USA. Jersey Mike’s Subs is an American submarine sandwich chain headquartered in 2251 Landmark Pl. Fast-casual or quick-service restaurants (QSR) have been the premier choice by potential franchisees to invest in. Yes! Buy Jersey Mike's Franchise Opportunity for Sale - ~ Sandwich Sub Franchises for Sale, Food ~ Restaurants ~ Sandwich and Sub Franchise Opportunity Listing, Buy a Franchise Business Jersey Mike's, a fast-casual sub sandwich franchise with more than 1,500 locations open nationwide, believes that making a sub sandwich and making a difference can be one and the same. If I were to pick one of these franchises, which would it be? Our commitment to quality, freshness and authenticity has helped us win Best Sub and Best Sandwich Awards in virtually every market we serve. Everything about the Jersey Mike’s culture revolves around our commitment to our customer and to the community. We don't share our mailing list. In 1972, a high school kid named Peter Cancro took a job there and loved the authentic submarine sandwiches. She taught me to be honest, work hard, and not to depend on others. Looking for Jersey mike’s franchise? How much does a Jersey Mike's Subs franchise cost? Jersey Mike’s Subs started as Mike’s Subs in 1956 in Point Pleasant, New Jersey. Besides the financial vetting and training, the company places a lot of emphasis on community involvement from its franchisees. The quality of our product creates a passionate, loyal customer base with solid repeat business. When Selecting Franchisee Choose The Best For You. Dealing with the public, serving food, handling peak traffic times and being a welcoming host can be exciting and enjoyable to some while harrowing and arduous to others. 1. It all happens on the store level at Jersey Mike’s, and our experience tells us that the right operator is absolutely imperative to running a successful and profitable business. Jersey Mike’s has raised more than $28 million for charities since 2010. 8:31. Owners of traditional restaurants have a designated (exclusive) territory that is generally a … Peter Cancro is CEO/Founder at Jersey Mike's Franchise Systems Inc. See Peter Cancro's compensation, career history, education, & memberships. Jersey Mike's Franchise Systems operates and franchises about 1150 Jersey Mike's Subs in more than 40 states. According to Careerbliss, a Jersey Mike's franchise owner operator can expect to earn an annual income of around $73,000. The estimated initial investment for developing a Jersey Mike's franchise … Orangetheory Fitness Our tuna is made fresh in the store. Yes, $18,000 is higher than the $15,000 investment fee that Subway asks for (via Business Insider), but last we checked Subway seemed to be disappearing rather than growing. Ever. They are passionate about the Jersey Mike’s concept, care about their local community and recognize the value of a proven system. Who Is The Ideal Jersey Mike’s Operator? Jersey Mike’s is one of the most successful franchise programs in the United States. Someone who has already been successful with another fast casual or QSR concept? Jersey Mike’s Subs started as Mike’s Subs in 1956 in Point Pleasant, New Jersey. Interested in joining our team?Fill out the form today! In this article you w Start the jersey mike's franchise? The fast-food chain serves made-to-order subs, slicing cheeses and meats as needed. By pressing Submit Request, you agree that Franchise Gator and businesses you selected may call/text you about your inquiry, which may involve the use of automated means. These less tangible traits are critical to our success. Jersey Mike’s Subs Franchise Opportunities – History. Contains phone number, address and name of each Jersey Mikes franchisee. Potential investors will need to show Jersey Mike's that they have the net worth to back up the franchise startup costs. I am very positive on India as a citizen and an entrepreneur. It all happens on the store level at Jersey Mike’s, and our experience tells us that the right operator is absolutely imperative to running a successful and profitable business. Jersey Mike’s Subs is undoubtedly one of the most profitable franchises to own in USA. It's the right approach," Cohen told Forbes. Our training program requires three times the hands-on experience than many franchise systems. Buy the fastest growing Jersey Mike's restaurant franchise. Considering that 70 percent of Jersey Mike's new stores come from existing franchisees, it's reasonable to believe that a good number of them are indeed making over $100,000 a year. This is a pre-condition all franchisees must meet to be taken seriously. In fact, each grand opening event supports a charity in the community. Our franchisees are a diverse group of individuals with something in common: they have embraced the opportunity of owning a Jersey Mike’s and serving our delicious, fresh sub sandwiches. You will reimburse Jersey Mike’s Subs for all costs in enforcing its obligations or defending any claim under the Franchise Agreement if it prevails. You don’t need to consent as a condition of any purchase, and you can revoke consent at any time. All Jersey Mike’s locations in the USA; Annually updated with contact information for new Jersey Mike owners. The main Jersey Mike's Super Sub was made in Point Pleasant, New Jersey, on the Jersey Shore in 1956. This plan has a BrightScope Rating of 76, placing it in the top 15% of all plans in its peer group. View Sandwich Franchise Businesses For Sale On BizBen.com In 2014, Garcia was the owner of 20 Jersey Mike's locations in California, with plans for many more, he told Entrepreneur. It’s why we get involved in local causes. Most of our owners have restaurant experience, but certainly not all. Meanwhile, Chick-fil-A only asks for $10,000, which puts Jersey Mike's $18,000 franchise fee somewhere in the middle. Formative influences/events: My mother--a single mom who worked three jobs. Biggest mistake: Not knowing about Jersey Mike's earlier in my life because I love t… Top Areas That Are Hurting Jersey Mike's Franchise Systems the Most 1. Our website is designed for and targeted to U.S. audiences and is governed by and operated in accordance with U.S. laws. Our philosophy is simple: more thorough and robust training program, which concentrates on the entire business operation not just product production, makes our stores better prepared to manage their business. Our cheese steaks are fresh grilled while you wait along with onions and peppers for that authentic Philly taste. Jersey Mike’s Subs Yet another very profitable franchise in the United States is Jersey Mike’s Subs, with the business named the USA’s fastest-growing franchise in 2016, with the number of their franchises having doubled in a decade. Those new franchise investors stand to make a good income too if they can make the Jersey Mike's cut. Find detailed information about the Jersey Mike's franchise for sale: cost, fees, investments, and requirements. Jersey Mike's, a fast-casual sub sandwich franchise with more than 1,500 locations open and under development nationwide. Based on 2020 FDD data, Jersey Mike's Subs has franchise locations in 47 states plus DC. There's a Jersey Mikes in a location where a Lenny's failed near me. Well trained owners and managers operate better stores and help us protect the Jersey Mike’s brand. But we do think it is an amazing opportunity for the right individuals. The Jersey Mike's franchise has almost 1,592 locations open and about 124 more in development across the United States, in addition to three locations in … Franchisees are required to have a net worth of at least $300,000, and $100,000 of that should be in liquid assets (via Entrepreneur). But Rigassio is more than just a successful franchise operator. 2020 Franchise Gator. All Rights Reserved. From 2010 to 2017, Jersey Mike's average growth in new franchise locations was 16%, bumping up to a 19% growth rate from 2016 to 2017, according to Franchise Grade.This growth has been reflected in … Jersey Mike's, a fast-casual sub sandwich franchise with more than 1,500 locations open and under development nationwide, believes that making a … All Jersey Mike’s locations in the USA; Annually updated with contact information for new Jersey Mike owners. Manasquan, New Jersey, Wyoming, and degree of brand is jersey mike's franchise profitable assets. Place to start your entrepreneurship journey 1,300 locations open and about 70 more in development years has since! Are there any Jersey Mike 's franchise Systems operates and franchises about 1150 Jersey Mike 's Profit... Lettuce and tomatoes to top our Subs turkey is whole muscle meat with fillers... In terms of Use quick-service restaurants ( QSR ) have been the choice! 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