About Jersey Mike's Subs
Jersey Mike’s, a fast-casual sub sandwich franchise with more than 1,500 locations open and Franchises Under development nationwide, believes that making a sub sandwich and making a difference can be one and the same. Jersey Mike’s offers A Sub Above®, serving authentic fresh sliced subs on freshly baked bread – the same recipe it started with in 1956 – and is passionate about giving back to its local communities.
In just three years, Jersey Mike’s has nearly doubled in size, ranked one of top five fastest-growing restaurant chains with sales above $200 million, according to Technomic’s 2014 annual report of the 500 largest U.S. restaurant chains. Nation’s Restaurant News named Jersey Mike’s as its “Fastest Growing Franchise” in the Top 100 three years in a row (2014, 2015, & 2016) and Franchise Times ranked Jersey Mike’s as the “Smartest Growing Franchise” on their annual “Fast & Serious” list. in 2017.
The growth is fueled by passionate Jersey Mike’s fans who crave their subs made Mike’s Way® with the freshest vegetables and The Juice: red wine vinegar and olive oil blended to perfection. It’s an exquisite zing — a splash of extra and unexpected. The company uses only premium meats and cheeses sliced on the spot and piled on delectable bread baked fresh in the restaurant throughout the day. The company wins best sub awards in virtually every market it enters.
CEO Peter Cancro started the company at age 17, before he was even legally able to slice a sub. The company remains committed to making a difference in the communities it serves. Since 2010, Jersey Mike’s locations throughout the country have raised nearly $18 million for worthy local charities and have distributed more than 1.5 million free sub sandwiches to help numerous causes.
Why Franchise with us?
Today more than ever, people are paying close attention to what they eat. Consumers demand high quality fresh product and expect a pleasant experience. But on-the-go consumers also demand fast service. Fresh and fast is where the Fast Casual segment of the restaurant business has flourished, attracting a quick moving, affluent customer base that has money to spend and demands higher quality than traditional “fast food” or QSR offers.
The sandwich segment continues to show strong growth and provides a product with a stronger perception of health and freshness than burgers or fried foods. Among consumers polled for Chicago-based research firm Technomic’s Sandwich Consumer Trend Report, 93 percent reported that they eat at least one sandwich each week. The versatility, portability and perceived freshness and value of sandwiches continue to make them among the nations most popular menu items. The top 500 sandwich chains accounted for over $20 billion in sales last year. And the growth of the sandwich segment continues to outpace industry standards.
Mike’s Way to Profitability
The quality of our product creates a passionate, loyal customer base with solid repeat business.
The operation is clean and easy, requiring little equipment investment and very manageable staff sizes. Our comfortable store interiors, fresh product prepared in front of you and friendly banter between customers and crew make this simple concept exciting and vibrant. Our limited menu offerings add to the simplicity of our model, and also strengthen our brand by focusing on what we do best: making fresh, delicious, authentic sub sandwiches.
The “Giving” component of the Jersey Mike’s brand is as authentic as our subs. As a teenage entrepreneur, Peter Cancro was taught the importance of giving to community causes by other local business people he considered his mentors. From the very beginning, Peter embraced this concept of making a difference and instilled it in his franchise company. Today that giving spirit is alive and well. And it is every bit as much of Jersey Mike’s culture as oil and vinegar.
Discover how Mike’s Way to Profitability can make a difference in your life.
Timing Mike’s Way
Whether you’re a jazz musician or a businessman, it’s said timing is everything. When it comes to franchise opportunities, timing is equally important. You want an established brand with well-defined systems and a strong customer following. But you also want growth potential. The Jersey Mike’s brand is uniquely poised for that growth opportunity.
With over 50 years under our belt, our systems are time tested and our customers are passionate about our product and the Jersey Mike’s experience. Our growth, however, is just beginning. Territories throughout the country are now available for development. The time is now; the opportunity is right in front of you.
Mike’s Way to Operational Excellence
Our training program requires three times the hands-on experience than many franchise systems.
A robust training program that requires 8-10 weeks of classroom training and in-store experience immediately sets the bar high for operational excellence. Ongoing Back to Basics training, Train the Trainer programs and others crew excellence initiatives help keep the bar high. 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. Well trained owners and managers operate better stores and help us protect the Jersey Mike’s brand.
Why does Jersey Mike’s franchise?
We began franchising simply because so many people that visited the original Jersey Mike’s at the Jersey Shore told us they wished they had a Jersey Mike’s where they lived. As it turns out, in addition to providing new communities with a delicious, sub sandwich, our business model gives people the opportunity to realize their dream of business ownership and making a big difference in their lives and the lives of others. It gives more people the opportunity to be an employer and positively affect other lives and families. And finally, it gives owners the chance to make a difference in the community by helping local causes. Our owners get to run their own business, and at the same time, be a part of a larger cause.
Why Jersey Mike’s commits to an “ideal operator” profile?
We’ll be the first to tell you, owning a Jersey Mike’s isn’t for everyone. But we do think it is an amazing opportunity for the right individuals. The restaurant business has its own set of challenges. 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. That’s why we want only the right candidates to help us grow our brand. 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. Do you have what it takes to be a Jersey Mike’s franchisee?
Peter Cancro, FoFranchises Under/CEO
1987 (34 years)
Total Number of Units
1,742 (as of 2020)
Part-Time / Full-Time
How Much Does It Cost To Open A Jersey Mike’s Subs Franchise?
There are several costs associated with opening a Jersey Mike’s Subs franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.
Some franchises may have a weekly fee that the franchisee pays for operating a Jersey Mike’s Subs franchise. The weekly fee for opening a Jersey Mike’s Subs franchise is Continuing Service And Royalty Fee Due Weekly.
The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (Jersey Mike’s Subs Is Renewable) and does the franchise offer financing support (Jersey Mike’s Subs Jersey Mike’s Subs has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll).
Jersey Mike's Subs Company Details
Here are some additional details about Jersey Mike's Subs.
|Parent Company||Jersey Mike's Franchise Systems Inc.|
|Net Worth Requirement||$300,000|
|Term of Agreement||10 years|
|Run from Home||No|
Training and Support Offered By Jersey Mike’s Subs
Jersey Mike’s Subs offers several support options to its franchisees. With 1,742 (as of 2020) units, Jersey Mike’s Subs aims to provide support to each franchise owner to help them operate a successful franchise location. Jersey Mike’s Subs offers 360 hours on the job training, 40 hours classroom training, and No additional training.
Training and Support Offered
Here are the support options offered by Jersey Mike's Subs.
|On-The-Job Training||360 hours|
|Classroom Training||40 hours|
Is Jersey Mike’s Subs Right For You?
Jersey Mike’s Subs has gone digital! Here are all of the ways you can find Jersey Mike’s Subs online. Oftentimes, you can reach out to current franchisees of Jersey Mike’s Subs online. Current franchisees may be able to offer personalized insights into what it is like owning a Jersey Mike’s Subs franchise and offer tips to running a successful Jersey Mike’s Subs franchise location.
Why Should You Start a Jersey Mike’s Subs Franchise?
Investing in a Food franchise such as Jersey Mike's Subs can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Jersey Mike's Subs franchise and we'll be in touch soon!