Key Investment Facts
[LAST UPDATED: Jul 2, 2026] · [VERIFIED · FDD]
About Jersey Mike's
Premium sub sandwich chain known for fresh-sliced, fresh-grilled subs.
Training Program: 4 weeks of initial training included.
Item 19 (Financial Performance Representation): Available — franchisees can view historical earnings data.
Tags: subs, premium, fast-growing
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Investment Overview: Is Jersey Mike's Worth It?
Opening a Jersey Mike's franchise requires an initial investment in the range of $217K to $749K. The initial franchise fee is $19K, which grants you access to the brand, training, and operational systems. Ongoing royalty fees are 6.50% of gross revenue. Jersey Mike's operates in the Food & Restaurant sector and typically requires owner-operator involvement.
As of the most recent disclosure, Jersey Mike's has 2,700 total franchise units (2,680 franchised). Recent growth shows 11.00%, which signals strong expansion in the Food & Restaurant space. The reported failure rate is 2.50%, well below industry averages, suggesting solid franchisee retention. New franchisees receive 4 weeks of initial training to prepare for operations.
Franchisee satisfaction for Jersey Mike's is rated 82 out of 100, which is considered strong relative to other Food & Restaurant franchises. High satisfaction scores often correlate with better support systems, stronger brand recognition, and more predictable unit economics. Jersey Mike's provides an Item 19 Financial Performance Representation in its FDD, which means prospective franchisees can review historical earnings data before investing. We recommend using our AI Financial Model tool to project personalized returns, and reviewing the full FDD analysis before making any investment decision.
Risk Assessment
Key risk signals from FDD data. Higher score = lower risk. Verify in the franchise's current disclosure document.
Ownership & Private Equity
Blackstone acquired majority stake in Jersey Mike's Subs for approximately $8B in 2025. Named #1 on Entrepreneur Franchise 500 2026.
⚠️ PE ownership can affect franchise support culture and resale terms. Always review the most recent FDD for ownership disclosures.
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Frequently Asked Questions About Jersey Mike's
How much does it cost to open a Jersey Mike's franchise?
The total initial investment for a Jersey Mike's franchise ranges from $217K to $749K. This includes the franchise fee of $19K, plus buildout, equipment, inventory, and working capital. Ongoing royalty fees are 6.50% of gross revenue. Always request the current Franchise Disclosure Document for exact, up-to-date figures.
Is Jersey Mike's a good franchise to buy in 2026?
Jersey Mike's operates in the Food & Restaurant sector with 2,700 total units. Franchisee satisfaction is rated 82/100, which is above average. Whether it's a good investment depends on your market, capital, and goals. We recommend using our AI Financial Model tool to project personalized returns before making a decision.
Can I run a Jersey Mike's franchise as a semi-absentee owner?
Jersey Mike's typically operates under a owner-operator model. Owner-operators are expected to be involved in daily management. This hands-on model usually offers more control over operations and customer experience but requires a greater time commitment.
What is the failure rate for Jersey Mike's franchises?
The reported failure rate for Jersey Mike's is 2.50%, which is below industry averages and suggests strong franchisee retention. Failure rates vary by market and operator experience. Always review Item 20 of the FDD, which discloses franchisee turnover, transfers, and terminations over the past three years.
How does Jersey Mike's compare to other Food & Restaurant franchises?
Jersey Mike's competes with other brands in the Food & Restaurant space. Key differentiators include investment level ($217K to $749K), franchisee satisfaction (82/100), and the owner-operator operating model. Use our franchise comparison tool to see side-by-side data against specific competitors.
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