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Jersey Mike's Subs

Franchise

Jersey Mike’s Subs is a submarine sandwich restaurant chain that prepares subs made to order, slicing meats and cheeses as needed, with an emphasis on Italian meats, but also American meats and cheeses. Customers never leave Jersey Mike’s unsatisfied.

Facts & Figures

Liquid capital required
$100,000
Net worth required
$300,000
Investment
$177,943 - $592,851
Franchise fee
$18,500
Units in operation
1,500

Overview

Jersey Mike’s is an exciting business opportunity, offering a simple, effective franchise restaurant model using only the freshest, highest quality ingredients prepared right in front of customers and served with energy and enthusiasm. The Jersey Mike’s business model features high unit volume and a strong bottom line with delicious, quality menu items that create passionate, loyal customers. The restaurant operation is clean and easy to manage, requiring minimal equipment and small staff. Jersey Mike’s offers a robust training program requiring 8-10 weeks of classroom training and in-store experience.

Jersey Mike’s Subs Franchise Opportunities – History

Jersey Mike’s Subs started as Mike’s Subs in 1956 in Point Pleasant, New Jersey. In 1972, a high school kid named Peter Cancro took a job there and loved the authentic submarine sandwiches. When Peter was a senior, the Mike’s owner (the third one) decided to sell the store, and Peter Cancro, at 17, jumped at the opportunity, buying the sub shop with partial help from his football coach. He opened a couple more Mike’s Subs, expanding on the idea that continues today of staff interacting in a friendly way with customers. In 1987, Cancro began franchising, and changed the company name to Jersey Mike’s Subs. Peter Cancro continues as CEO of Jersey Mike’s Franchise Systems Inc., today, overseeing more than 600 locations open and under development.

Jersey Mike’s Subs Franchise Cost / Initial Investment / Jersey Mike’s

Subs Franchise Income

The franchise fee for a Jersey Mike’s Subs shop is $18,500. The total investment to operate a Jersey Mike’s Subs ranges from $215,843 to $398,063.

Jersey Mike’s Subs Business Opportunities: Other Information

Since he took over Jersey Mike’s Subs, Peter Cancro has instilled a culture of giving to the community, and his passion for corporate-wide philanthropy have resulted in an annual Month of Giving, Wreaths Across America, Mike’s Way to a Cure, and many more fundraising and charitable endeavors.

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