Jersey Mike's
Food & Beverage · Sub Sandwiches
Description
What is Jersey Mike's?
Jersey Mike's Subs, established in 1956 in Point Pleasant, New Jersey, is a renowned fast-casual restaurant chain specializing in authentic Northeast-American style submarine sandwiches. Known for its commitment to quality, each sub is prepared "Mike's Way®," featuring fresh-baked bread, premium meats and cheeses sliced to order, and topped with onions, lettuce, tomatoes, and a signature blend of olive oil and red wine vinegar.
Under the leadership of CEO Peter Cancro, who began his journey with the company as a teenager, Jersey Mike's has experienced significant growth, expanding to over 3,000 locations across the United States and internationally. The brand's dedication to quality ingredients, exceptional customer service, and community involvement has solidified its position as a leader in the submarine sandwich industry. In November 2024, Jersey Mike's announced a significant development, with private equity firm Blackstone acquiring a majority stake in the company, valuing it at approximately $8 billion.
- Revenue 114% Above Sub-sector Average
- 2,675+ Successful Units Nationwide
- Premium Brand, Premium Returns
- Established Since 1956, Still Growing
Location Analysis
Where Jersey Mike's wins
Key market analysis reveals strategic positioning in suburban shopping centers and high-traffic retail corridors, with successful locations typically featuring strong daytime population density and median household incomes above $50,000. The franchise shows particular strength in college towns and business districts, leveraging lunch crowds and delivery services. While the Northeast shows market maturity, significant expansion opportunities exist in the Western and Southwestern states, where market penetration remains lower.
Ideal locations demonstrate substantial population density within a 3-mile radius, proximity to office complexes or educational institutions, and accessible parking with strong street visibility. The brand's success across diverse markets from the Midwest to the Eastern seaboard suggests adaptability to various demographic profiles, though performance typically excels in areas with higher educational attainment and median incomes.
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Financial Analysis
The numbers behind Jersey Mike's
The franchise demonstrates exceptional system maturity with 2,675 units and nearly 70 years of operational history since 1956. This extensive footprint indicates proven scalability and franchisor expertise in supporting multi-unit development. The reported gross revenue of $1,302,781 substantially exceeds the sub-sector average of $608,302, suggesting strong brand performance within the competitive sandwich segment.
The quick-service restaurant model requires hands-on management and operational complexity, as acknowledged by the franchisor's emphasis on energy and commitment. The sandwich sector faces intense competition but benefits from consistent consumer demand for convenient, customizable meal options. Jersey Mike's "made fresh" positioning differentiates it within the crowded QSR landscape.
Ideal investors should possess substantial liquid capital given the investment ceiling, restaurant industry experience, and community engagement focus. The franchise emphasizes selective growth, indicating rigorous qualification standards. Multi-unit development opportunities exist for qualified operators, though territory availability may be limited in established markets. Prospective franchisees must review the complete FDD for detailed investment breakdowns and operational requirements.", "brand_bragging_rights": [ "Nearly 70 years operational history", "2,675+ units nationwide footprint", "Made fresh in-store preparation", "Revenue exceeds sub-sector average significantly", "Established brand recognition and loyalty", "Community-focused business model approach
Financing partners
Vetted partners, tailored to franchisees
Your Franzy advisor can connect you with these partners later in the process — competitive rates, specialized in franchise financing.
FranFund
CRF USA
Nonprofit SBA lender; provides financing for franchise acquisitions, startups, and expansion.
First Bank of the Lake
Pension Pros
FDD Item 7
Initial investment range
Per FDD Item 7, total initial investment ranges from $203,583 to $1,317,005. The midpoint $760,294 is what most franchisees report at signing — financing typically reduces cash-at-close by 80–90%. Knowing the investment range helps you plan confidently and ensure you're fully prepared to make the leap.
FDD Item 19
Average gross sales
According to Item 19 of the Franchise Disclosure Document, Jersey Mike's has an average gross revenue of $1M. (Note: This information is based on the latest FDD in our records. Please review the Franchise Disclosure Document (FDD) and confirm this information directly with the brand. We make no claims of accuracy for the information presented.)
Growth over time
Franchise footprint
2024 Franchise Disclosure
FDD documents
Below are items 2, 3, 4, 7, 11 and 19 for Jersey Mike's's 2024 FDD. The complete FDD is delivered to you directly by the franchisor, per the FTC Franchise Rule.
Connect to download Items 2, 3, 4, and 11 — direct from the franchisor.
Buyer FAQs
Frequently asked questions
The initial investment for a Jersey Mike's franchise typically ranges between $203,583.00 and $1,317,005.00. This includes the franchise fee, equipment, real estate, and other startup costs. To get a detailed breakdown and better understand the financial requirements, we recommend scheduling a call with the Franzy team. We'll walk you through the specifics and answer any questions you might have. For more detailed information, refer to the financial sections of the FDD.
Disclaimer. The information provided on this page is based on the latest Franchise Disclosure Document (FDD) that is publicly available and that we have on record, which was issued in 2024. This information is for informational purposes only and is not intended to constitute legal, financial, or business advice. We make no guarantees or claims regarding the completeness or accuracy. For the most current and detailed information, we recommend consulting the franchisor directly for the most recent FDD and regarding any questions that you may have about the information provided.
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