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Jersey Mike's Subs
November 12, 2024 at 6:26:33 PM
Last Year Rank:
39
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Investment Range:
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Initial Investment:
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Category:
$203,583 - $1,317,005
$18,500
Restaurant
Company Description
First opened in 1956 in Point Pleasant, New Jersey, as Mike’s Subs, Jersey Mike’s was founded by Peter Cancro after he bought the business in 1971. It’s known for fresh-baked bread and what’s called “Mike’s Way,” a sandwich preparation style that includes adding lettuce, tomatoes, onions and the brand’s “Mike’s Way” dressing, a blend of olive oil, red wine vinegar, and a special seasoning.
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 local partner charities.
Company Statistics
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Global Sales:
$3,342,000,000
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US Units:
2684
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International Units:
2
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Total Units:
2686
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Percent Franchised:
99%
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%International Units:
0%
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US Franchised Units:
2665
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International Franchised Units:
2
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Sales Gowth%:
24.70%
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Unit Growth%:
11.90%
Franchise Financial Overview
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Starting Year:
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Franchise Fee:
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Royalty Fee:
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Financing Available: