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How Much Does a Jersey Mike's Franchise Cost?

2024 Franchise Disclosure Document (FDD) Data

A Jersey Mike's franchise costs between $203,583 and $1,317,005 in total initial investment, according to the 2024 Franchise Disclosure Document. The initial franchise fee is $18,500.

$203,583

Minimum Investment

$1,317,005

Maximum Investment

$18,500

Franchise Fee

$20,500 – $22,500

Fee Range

Jersey Mike's Franchise Fee

Initial Franchise Fee $18,500

Fee Range $8,500 – $43,500

Item 7 Fee Estimate $20,500 – $22,500

Jersey Mike's Total Investment Breakdown

Here is the itemized breakdown of costs to open a Jersey Mike's franchise, as reported in the 2024 FDD Item 7 (Estimated Initial Investment).

Minimum Investment

Maximum Investment

Franchise Fee $20,500 – $22,500

Initial Franchise Fee Lump Sum · On Signing of the Franchise Agreement $18,500

POS License Fee Prior to Opening $2,000 – $4,000

Real Estate $108,325 – $674,411

Leasehold Improvements As Arranged · As Arranged $101,200 – $586,363

Rent/Lease CAM/Taxes/Lease and Utility Security Deposits Monthly · Monthly $0 – $57,069

Architectural Fees As Arranged $2,125 – $25,979

Real Estate and Construction Fee Lump Sum · On Signing Lease $5,000

Equipment & Assets $42,898 – $438,217

Equipment/Furniture/ Small Wares As Arranged · As Arranged $27,991 – $243,152

Uniforms, Office Equipment and Supplies, TVs/Stereo System/Security System $1,000 – $70,639

Exterior Signage As Arranged · As Arranged $2,145 – $52,978

Initial Inventory As Arranged · As Arranged $2,698 – $37,850

POS System $5,064 – $29,598

POS System Connection to Private Network Prior to Opening $4,000

Training $1,000 – $68,000

Working Capital & Reserves $15,000

Additional Funds for 3 months $15,000

Other Costs $15,860 – $98,877

Professional fees (lawyer, accountant, etc.) $250 – $34,107

Business Licenses and Permits $500 – $28,000

Interior Branding / Graphics $1,610 – $14,470

Grand Opening Advertising Lump Sum · On Signing Lease $12,500

Insurance As Arranged · As Arranged $1,000 – $9,800

Total Estimated Investment $203,583 – $1,317,005

How Does Jersey Mike's Compare to Other Food & Beverage Franchises?

Jersey Mike's's minimum investment of $203,583 is below the Food & Beverage industry median. The median minimum investment for Food & Beverage franchises is $316,000.

$203,583

Jersey Mike's Min

$316,000

Food & Beverage Median Min

$1,317,005

Jersey Mike's Max

$696,000

Food & Beverage Median Max

Investment Analysis

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Frequently Asked Questions

How much does it cost to open a Jersey Mike's?

The total startup cost for a Jersey Mike's franchise ranges from $203,583 to $1,317,005, according to the 2024 Franchise Disclosure Document (FDD) Item 7. The largest cost category is Real Estate at $108,325 to $674,411.

How much is the Jersey Mike's franchise fee?

The Jersey Mike's franchise fee is $18,500, with a range of $8,500 to $43,500 depending on the agreement, as disclosed in the 2024 FDD. This is a one-time upfront fee paid to the franchisor and is separate from the total initial investment.

Is Jersey Mike's a good investment?

Jersey Mike's requires a total franchise investment of $203,583 to $1,317,005 and scores Legal Risk: 95/100, Training: 100/100 in our FDD analysis. See our full Jersey Mike's franchise review for a detailed assessment of risks, territory, and support.

How much does a Jersey Mike's franchise owner make?

Jersey Mike's franchise locations report median gross sales of $1,272,804 per the 2024 FDD Item 19. See our Jersey Mike's franchise earnings breakdown for the full financial performance data.