jersey mike's franchise royalty fee

How much does a Jersey Mikes Subs franchise cost. Cost fees investments and requirements.

Jersey Mike S Franchise Costs Fees Fdd Franchise Direct

The initial Jersey Mikes Franchise Fee is 18500.

. How Much It Cost to Open a Jersey Mikes Franchise. Continuing Services and Royalty Fees. For those who might need financial assistance Jersey Mikes doesnt offer financing lease or obligation.

These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. 65 Ad Royalty Fee. Find detailed information about the Jersey Mikes franchise for sale.

The franchise fee is 18500 with royalty fee of 65. 65 of gross receipts for a standard franchise agreement. 65 Ad Royalty Fee.

Actual or Estimated Amounts. The estimated initial investment to open a Jersey Mikes Subs restaurant ranges from 150082 to 519970 inclusive of the initial franchise fee 18500 leasehold improvements 52000 to 287600 and equipment 36099 to 83307. Jersey Mikes Subs has a franchise fee of up to 18500 with a total initial investment range of 169001 to 804045.

Estimated 2020 Total Franchise Sales. Jersey Mikes Franchise Information - Interested in owning a franchise Review the process testimonials and investment needed then fill out the application to get the process started today. Jersey Mikes franchise fees for 2022.

144668 - 786233 Net Worth Requirement. Peter Cancro continues as CEO of Jersey Mikes Franchise Systems Inc today overseeing more than 600 locations open and under development. Jersey Mikes Franchise Costs Fees 2019.

If you are considering a Jersey Mikes Subs franchise dont get blindsided by these 25 important franchise fees from the initial franchise fee to the royalty fee to 23 other fees found in Items 5 and 6 of Jersey Mikes Subs 2016 FDD. Unless you sign a Development Agreement when you sign a Franchise Agreement you must pay Jersey Mikes Subs an initial nonrefundable franchise fee of 18500 for a standard Franchise Agreement. 65 of Gross Sales.

Here the franchisor will provide loans to aid with capital. Jersey Mikes Subs are a healthier alternative to fast food. 1987 Cancro began franchising and changed the company name to Jersey Mikes Subs.

A typical Jersey Mikes franchise cost is estimated at 169001 to 804045. 20 rows The estimated initial investment for developing a Jersey Mikes franchise breaks down as follows. Jersey Mikes sub is a sub sandwich franchise in the US.

Continuing Services and Royalty Fees. Keep in mind there is also an initial Jersey Mikes franchise fee of 18500 that is included in the initial investment amount of. This is the upfront fee that must be paid when opening a Jersey Mikes franchise.

To Whom Payment Is To Be Made. Heres what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business. The franchise fee for a Jersey Mikes Subs shop is 18500.

Jersey Mikes charges a franchise fee of 18500. Call us at 732-292-8272 or email us at. Jersey Mikes Franchise Fee Revenue And Profit Margin Ranked among the top 10 8 on the prestigious Entrepreneur Magazines top 500 franchise listings this franchise opportunity is one of the best to invest in.

Franchisees start with. However Jersey Mikes did start the Coach Rod Smith Program. Is Jersey Mikes a Semi Absentee Franchise with a Passive Ownership Opportunity.

Find detailed information about Jersey Mikes franchise costs and fees. To ensure the success of each franchise Jersey Mikes provides extensive complete training program on business operation. The first Jersey Mikes Super Sub was created in Point Pleasant New Jersey on the Jersey Shore in 1956.

Other financial requirements are minimum net worth of 100000 and liquid assets of 50000. Owning a Jersey Mikes franchise requires a 7 royalty fee and a 1 marketing fee. The fast-food chain serves made-to-order subs slicing cheeses and meats as needed.

The Jersey Mikes story is hardly a new one since theyve been making sandwiches since 1956 but with 2000 locations open or under development its obviously a hot ticket for potential franchise investors via Jersey MikesThe brand has been highlighted by business publications like Forbes as one of the best-franchise restaurants to buy into and with 16. 169001 to 804045 Working Capital. Skip to content.

Jersey Mikes franchise is currently not available at Americas Best Franchises. A Message from Peter Cancro. Franchise Jersey Mikes Subs.

237419 to 766 971. Buy the fastest growing Jersey Mikes restaurant franchise. The Jersey Mikes subs Franchise owns approximately 1900 locations across the US.

Discover how Jersey Mikes can make a difference in your life. Franchisees can expect to make a total investment of 177943 - 592851. Jersey Mikes subs support services include extensive.

Jersey Mikes franchises offer a wide assortment of made-to-order submarine type sandwiches other sandwiches and related food products and beverages. Detailed Information on Jersey Mikes Subs Initial Franchise Fee Royalty Fee 27 Other Fees Items 5 and 6 2021 FDD 1. Apply for a Jerseys Mike Sub franchise now and they will even go as far as assisting you in selecting the site for your store.

In 2020 franchise revenues were 1208 million. Founded in 1956 Jersey Mikes started franchising 31 years later in 1987. They also offer a discount for veterans.

5 Term of Agreement. To buy a franchise with Jersey Mikes youll need to have at least 100000 in liquid capital. The Royalty Fee is 65 of Gross Receipts payable weekly.

Start A Jersey Mike S Subs Franchise In 2022 Entrepreneur