Investment
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 2020 Franchise Disclosure Document. The estimated initial investment for developing a Jersey Mike's franchise breaks down as follows:
| TYPE OF EXPENDITURE | METHOD OF PAYMENT | WHEN DUE | TO WHOM PAYMENT IS TO BE MADE | ACTUAL OR ESTIMATED AMOUNTS |
|---|---|---|---|---|
| Initial Franchise Fee | Lump Sum | On Signing of the Franchise Agreement | Company | $18,500 |
| Real Estate and Construction Fee | Lump Sum | On Signing Lease | Company | $5,000 |
| Rent/Lease CAM/Taxes/Lease and Utility Security Deposits | Monthly | Monthly | Landlord | $0 - $72,480 |
| Architectural Fees | As Incurred | As Arranged | Approved Suppliers | $1,050 - $33,142 |
| Leasehold Improvements | As Arranged | As Arranged | Landlord or Contractors | $75,172 - $722,422 |
| Equipment/Furniture/Small Wares | As Arranged | As Arranged | Designated and Approved Suppliers | $31,627 - $207,546 |
| Initial Inventory | As Arranged | As Arranged | Designated and Approved Suppliers | $1,923 - $35,000 |
| Insurance | As Arranged | As Arranged | Your Insurance Company | $1,000 - $24,780 |
| Training | As Incurred | As Incurred | Transportation, Hotels, Restaurants, Staff Salaries | $1,000 - $68,000 |
| Grand Opening Advertising | Lump Sum | On Signing Lease | Company | $12,500 |
| Exterior Signage | As Arranged | As Arranged | Approved Suppliers | $1,121 – $40,073 |
| Interior Branding/Graphics | As Incurred | As Incurred | Approved Suppliers | $1,610 - $11,208 |
| Uniforms, Office Equipment, and Supplies, TVs/Stereo System/Security System | As Incurred | As Incurred | Designated and Approved Suppliers | $900 - $65,507 |
| POS System | As Incurred | As Incurred | Designated Suppliers | $8,250 - $27,509 |
| POS System Connection to Private Network | As Incurred | Prior to Opening | Company | $4,500 |
| POS License Fee | As Incurred | Prior to Opening | Company | $2,000 - $4,000 |
| Professional Fees (lawyer, accountant, etc.) | As Incurred | As Incurred | Accountant, Lawyer | $250 - $21,425 |
| Business Licenses and Permits | As Incurred | As Incurred | Local Municipality, State | $500 - $25,000 |
| Additional Funds for 3 months | As Incurred | As Incurred | Approved Suppliers, Employees | $15,000 |
| Total: $181,903 - $1,413,592 | ||||
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for informational purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction.
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-9229 Jersey Mike’s Franchise Systems - 2251 Landmark Place, Manasquan, NJ 08736
*$1.2 million Average Unit Volume (for traditional locations). Please refer to Item 19 of our Franchise Disclosure Document for complete numbers and information.