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_{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.}