- Last Year Rank:61
- Investment Range: $214,449 - $1,352,580
- Initial Investment: $18,500
- Category: Restaurant
Company Description
Jersey Mike’s Subs is an American-based sub sandwich chain. It’s owned by parent company Jersey Mike’s Franchise Systems, and has more than 2,000 locations across the U.S.
First opened in 1956 in Point Pleasant, New Jersey, Jersey Mike’s is known for fresh-baked bread and the combination of oil, vinegar and spices on all sandwiches (upon request).
The company runs a “Jersey Mike’s Day of Giving” on the last Wednesday of March, when 100 percent of the day’s sales are donated to a local partner charity.
Company Statistics
- Global Sales: $2,680,000,000
- US Units:2,397
- International Units:3
- Total Units:2,400
- Percent Franchised: 99%
- % International Units: 0%
- US Franchised Units:2,379
- International Franchised Units:1
- Sales Growth %:21.7%
- Unit Growth %:14.2%
Sponsored information provided by the franchisor
Jersey Mike's Subs is a fast-casual sub sandwich franchise with more than 2,500 locations 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/fresh grilled subs on freshly baked bread – the same recipe it started with in 1956. The model seems to be working, as the brand remains the fastest growing sandwich brand year after year for the last decade.
Their subs are authentic and fresh, served up with a helping of neighborly banter from their dedicated and high-energy team. Everything is quickly made to order for each customer, just the way the first subs were made at the original Jersey Mike’s more than 65 years ago.
“Giving…making a difference in someone’s life” has always been a guiding principle at Jersey Mike’s. It’s a philosophy that Jersey Mike’s Founder and CEO Peter Cancro has emphasized to each and every Jersey Mike’s store owner: support the community that supports you. In the last decade alone, locations throughout the country have raised more than $110 million for local charities. This includes the annual fundraising event Jersey Mike's owners volunteer to participate in: The "Month of Giving," which culminates in the "Day of Giving," the last Wednesday when franchise owners donate 100% of all the day's sales- not just profit- to local charities across the country. Since 2011, Jersey Mike's and their generous customers have raised more than $88 million.
The company Founder and CEO, Peter Cancro bought Mike's Subs in 1975 when he was 17 years old. He began franchising it 10 years later in 1987, and is actively involved in the business today. During the pandemic, Peter paid for every store in the company across the country to be remodeled. The incredible decision ensured that every store would have the same image. The project of remodeling 1800 locations took only 18 months to complete!
Investment Details
- Starting Year: 1956
- Franchise Fee: $18,500
- Investment Range: $214,449 – $1,352,580
- Royalty Fee: 6.5%
- Financing Available: Yes - Third Party
Contact Information
- Contact: Brian Sommers
- Address: 2251 Landmark Place Manasquan, NJ 08736-1026
- Phone: (732) 292-8272
- Email: franchise@jerseymikes.com
- Website: www.jerseymikes.com
