How Much is a Jersey Mike’s Franchise


Jersey Mike’s is one of the biggest pizza chains in the country. The sandwich franchise has nearly 1,800 around the U.S., with thousands of employees. If you are interested in franchising and want to learn how to get involved in the Jersey Mike’s franchise with a location of your own, here is everything you need to know.

A Brief History of Jersey Mike’s Subs

The current CEO of Jersey Mike’s, Peter Cancro started working at Mike’s Subs in 1971 at the age of 14. Upon graduating high school at the age of 17, he bought the storefront and became the owner of Mike Subs. In 1987 he began franchising the business. Since then he has expanded the Jersey Mike’s Franchise to 1800+ locations across the United States.

Currently, there are 1796 franchise stores and 51 company-owned locations.

Also Read: How Much is a Domino’s Franchise?

How much is a Jersey Mike’s Franchise?

The initial Jersey Mike’s Franchise Fee is $18,500. This is the upfront fee that must be paid when opening a Jersey Mike’s franchise. However, the estimated total investment necessary to begin the operation of a Jersey Mike’s Franchise ranges from $144,668 to $786,233.

Here is a breakdown of the costs of opening a Jersey Mike’s franchise, referenced from the company itself.

Type of ExpenditureActual or Estimated AmountsMethod of PaymentWhen DueTo Whom Payment Is To Be Made
Initial Franchise Fee$18,500Lump SumOn Signing of the Franchise AgreementCompany
Real Estate and Construction Fee$5,000Lump SumOn Signing LeaseCompany
Rent/Lease CAM/Taxes/Lease
and Utility Security Deposits
$0 – $38,250MonthlyMonthlyLandlord
Architectural Fees$4,876 – $16,000As IncurredAs ArrangedApproved Suppliers
Leasehold Improvements$62,299 – $349,838As ArrangedAs ArrangedLandlord or Contractors
Equipment/Furniture/Small Wares$11,255 – $101,677As ArrangedAs ArrangedDesignated and Approved Suppliers
Initial Inventory$966 – $29,044As ArrangedAs ArrangedDesignated and Approved Suppliers
Insurance$2,000 – $12,000As ArrangedAs ArrangedYour Insurance Company
Training$2,500 – $56,850As IncurredAs IncurredTransportation, Hotels, Restaurants, Staff Salaries
Grand Opening Advertising$12,500Lump SumOn Signing LeaseCompany
Exterior Signage$2,188 – $46,516As ArrangedAs ArrangedApproved Suppliers
Interior Branding/Graphics$2,689 – $16,000As IncurredAs IncurredApproved Suppliers
Uniforms, Office Equipment and Supplies, TVs/Stereo
System/Security System
$2,260 – $25,361As IncurredAs IncurredDesignated and Approved Suppliers
POS System$85 – $13,305As IncurredAs IncurredDesignated Suppliers
POS System Connection to Private Network$2,000As IncurredPrior to OpeningCompany
Professional Fees (lawyer, accountant, etc.)$525 – $12,642As IncurredAs IncurredAccountant, Lawyer
Business Licences and Permits$25 – $15,750As IncurredAs IncurredLocal Municipality, State
Additional Funds for 3 months$15,000As IncurredAs IncurredApproved Suppliers, Employees
Total$144,668 – $786,233

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Will you Make Your Money Back?

Furthermore, in terms of a return on investment, the best-case scenario for a Jersey Mike’s franchise is making your money back in 3 years. If you have lower profitability of 10% it may take 5 years to get a return on your initial capital.