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Jersey Mike’s Subs

THE COMPETITION IS SUB-PAR

Initial fee: $18,500
Royalty fee: 6,5%
Total investment: $215,843-$398,063
Term of agreement:  10 years, renewable
Branch: Food: Submarine sandwiches

Sandwich industry is booming. Last year the top 500 sandwich chains accounted for over $20 billion in sales. Studies show that 93% of Americans eat at least one sandwich each week. The industry has a great growth potential and provides unlimited opportunities to entrepreneurs. Consumers are consciously thinking more about what they are eating. Jersey Mike’s Subs are a healthier and fresher alternative to fast food.

 

Jersey Mike’s offers cold and hot subs made with high-quality ingredients sliced and cut fresh in front of the customer. Subs are made with bread baked fresh in the store, premium quality meat and cheese, fresh onions, lettuce, tomatoes, olive oil, red wine vinegar and zesty spices. The same authentic sub recipes are used as in 1956 when the first store opened. 

 

Good food and pleasant in-store experience drive millions of people to come back to Jersey Mike’s Subs.  This is a business with a solid customer repeat rate. Customers are treated as friends and are greeted by name. Staff unity takes significant part of the corporate culture; if employees and management are friends they can easily become friends with customers as well.

 

To ensure the success of each franchise, Jersey Mike’s provides extensive complete training program on business operation. Franchisees start with eight to ten weeks of training and in-store experience. The company provides ongoing trainings to prepare franchisees and employees to operate the franchise and keep customers happy and satisfied.

 

The Jersey Mike’s business model is easy to master and with high ROI. Repeat operations and limited menu enable fast and easy franchisee adaptation. Not much equipment is needed which makes the start-up investment relatively low. Approximately 35% of all franchisees own more than one store.    


 

Jersey Mike’s makes high-quality subs with freshly sliced ingredients. Jersey Mike’s Subs are a healthier alternative to fast food. The company started franchising in 1987 after customers said they wished they had Jersey Mike’s where they lived. There are 550 stores in the USA, most of which are owned by franchisees.

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