Unless you sign a Development Agreement when you sign a Franchise Agreement you must pay Jersey Mikes Subs an initial franchise fee of 18500 for a standard Franchise Agreement. Heres what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Call Of The Entrepreneur Young Jersey Subs Operator Is One Of Their Best
The total investment to operate a Jersey Mikes Subs ranges from 215843 to 398063.
Jersey mike's franchise fee. 19 rows The estimated initial investment for developing a Jersey Mikes franchise breaks down as follows. Rentlease and utility security deposits etc starts from 1073 to 19978. Jersey Mikes charges a franchise fee of 18500.
The time is now. Your initial jersey mikes franchise cost may change depending upon various variables including the state of the premises the measure of development performed by the proprietor geographic zones and your capacities. Jersey Mikes Subs has a franchise fee of up to 18500 with a total initial investment range of 169001 to 804045.
If you have done your research on other stores you will know that they sometimes offer programs to lower costs however Jersey Mikes does not offer such programs. The franchise fee for a Jersey Mikes Subs shop is 18500. Jersey Mikes franchises offer a wide assortment of made-to-order submarine type sandwiches other sandwiches and related food products and beverages.
Jersey Mikes Franchise Cost A typical Jersey Mikes franchise cost is estimated at 169001 to 804045. The initial franchise fee starts at 18500 and is paid upon signing the franchise agreement. In 1972 a 14-year-old high school student began working at Mikes and immediately fell in love with the product and meeting and talking to new people.
How much does a Jersey Mikes Subs franchise cost. The following details will help. For those who might need financial assistance Jersey Mikes doesnt offer financing lease or obligation.
Here is a breakdown for your clarity. To open a franchise you need a liquid capital of 100000 a net worth of 300000 and be able to pay the franchise fee of 18500. Find information on Jersey Mikes franchise business opportunities and learn how much it costs to start an Jersey Mikes franchise business.
The accompanying evaluated speculation data is additionally clarified in our 2019 Franchise Disclosure Document. Discover how Jersey Mikes can make a difference in your life. 20 Southern California Jersey Mikes Subs locations in Rancho Cucamonga Fountain Valley Costa Mesa La Verne Glendora Upland Marina del Rey Long Beach Culver City Santa.
237419 to 766 971. Jersey Mikes Opens New Franchise In Somers Point When the first Mikes Sub Shop opened in Point Pleasant in 1956 franchise and chain restaurants were few and far between. Jersey Mikes Subs offers a wide assortment of made-to-order submarine type sandwiches and related food products and beverages.
The opportunity is right in front of you. Jersey Mikes initial franchise fee isnt as steep as others Opening a franchise of a popular restaurant is often very expensive and per the companys website investors in Jersey Mikes can expect the cost to be between 237419 and 766971. Our business model which offers a balanced lifestyle allows our owners the wherewithal to support important causes in their community and the flexibility to have a family life outside the restaurant.
Actual or Estimated Amounts. Jersey Mikes Franchise Costs Fees 2019 Initial Investment. Youll need to pay a real estate and construction fee of 5000 upon signing the lease.
To Whom Payment Is To Be Made. Find detailed information about Jersey Mikes franchise costs and fees. Territories throughout the country are now available for development.
Jersey Mikes Subs has the franchise fee of up to 18500 with total initial investment range of 178523 - 746342.