$7,500 if transfer is of Restaurant, or controlling ownership interest in you or your owners, and transferee is an existing Jimmy John’s Restaurant franchisee that has operated at least 1 Jimmy John’s Restaurant for 1 full year. No charge if Franchise Agreement transferred to an entity you control.
Full Answer
How many Jimmy John's franchisees are there?
As of March 2017, Jimmy John's has almost 3,000 stores with plans for expansion up to 5,000 and beyond. How much does Jimmy John's franchise cost? Jimmy John's has the franchise fee of up to $35,000, with total initial investment range of $329,500 - $557,500.
How long does it take to become a Jimmy John's franchisee?
In terms of support and training, the franchisee can expect 171 hours worth of on-the-job training. Additionally, general managers will receive 7 weeks of training and assistant managers will get three weeks. 2022 Franchise Requirements Needed to Own a Jimmy John's Franchise. What does a Jimmy John's Franchise Cost?
Why choose Jimmy John’s?
We started JIMMY JOHN’S from a garage and turned it into a recognizable franchise brand with more than 2,000 franchised units. We have a passion for our business, for our food and for our customers. Our goal from day one, was to make the world’s greatest gourmet sandwiches.
Is Jimmy John's a semi absentee franchise?
No. Jimmy John's is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations. Is Jimmy John's a Home Based franchise?
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How much does the average Jimmy John's franchise owner make?
(2021) Jimmy John's Median Franchise Sales: $874,845 Based on the median sales provided by Jimmy John's franchise locations, at an average of a 15% profit margin, it will take around 5.5 years to recoup your investment.
How much does it cost to buy into a Jimmy John's franchise?
The franchise fee for a traditional Jimmy John's restaurant is $30,000 – $35,000, with a total initial investment ranging from $316,100 – $558,600.
How much profit does a Jimmy Johns make?
According to the brand's 2019 FDD, Jimmy John's stores saw an average 6.5% net profits on $1.2 million in annual sales. That comes out to a hair under $80,000 per year after a 6% royalty and about 6.5% of sales going towards marketing funds.
Who owns the Jimmy John's franchise?
Roark Capital GroupThe Jimmy John's franchise has over 2700 locations, with 98% of them being franchises....Jimmy John's.A Jimmy John's in Gillette, WyomingRevenueUS$3.1254 billion (2019)OwnerJimmy John Liautaud (1983–2019) Roark Capital Group (2019–present)Number of employees45,000 (2019)ParentInspire Brands14 more rows
What is the most profitable franchise to own in 2022?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
How Much Is a Subway franchise?
The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
How much profit does a Subway franchise make?
Average Sales / Revenue per Year They generate an annual average of $422,000 sales per franchise unit. Statistically speaking, most franchises make only an average of 7.5% of their annual sales, which comes around to $31,000 profit.
How much did Jimmy John's sell for?
$3 billionThe sale valued Jimmy John's at $3 billion, according to Forbes.
Do franchise owners make good money?
Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000. Legally, franchisors cannot give income amounts or forecasts of future income.
Is a franchise a good investment?
If you're a fledgling entrepreneur or a seasoned business person wanting to diversify your holdings, you've probably wondered, “Are franchises a good investment?” The simple answer is yes, especially if a great opportunity presents itself. There is an obvious appeal to starting a business via buying a franchise.
Why does Jimmy John's not have turkey?
Supply shortage created by avian influenza leads chain to temporarily halt sales of turkey sandwiches at certain locations. Sandwich restaurant chain Jimmy John's is has stopped serving turkey sandwiches at some of its restaurants, citing the impact that avian influenza has had on its supply.
What do you need to start a Jimmy John's franchise?
What Does a Jimmy John's Gourmet Sandwiches Franchise Cost? To buy a franchise with Jimmy John's Gourmet Sandwiches, you'll need to have at least $200,000 in liquid capital and a minimum net worth of $1,000,000. Franchisees can expect to make a total investment of $313,600 - $556,100.
How Much Is a Subway franchise?
The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
What is the franchise fee for Dunkin Donuts?
Here is a breakdown and ranges of the financial requirements to open a Dunkin' franchise: Total investment range: $97,500 to $1.7 million. Initial franchise fee: $40,000 to $90,000 (varies by location) Net worth: $500,000 minimum.
How much does it cost to open a Jersey Mike's franchise?
InvestmentType of ExpenditureActual or Estimated AmountsWhen DueInitial Franchise Fee$18,500On Signing of the Franchise AgreementReal Estate and Construction Fee$5,000On Signing LeaseRent/Lease CAM/Taxes/Lease and Utility Security Deposits$0 - $38,250MonthlyArchitectural Fees$4,876 - $16,000As Arranged15 more rows
How long does it take to open a franchise?
We estimate it will be 9 – 12 months after you sign the Franchise Agreement before you open your doors, but the timeframe could be longer depending on a variety of factors, including your diligence in the site selection and leasing processes and existing market conditions.
What makes a franchise successful?
They have, or they are willing to create relationships with community leaders, schools, local sports teams, local charities… and really, anyone who enjoys a fresh, high-quality sandwich. When franchisees show their communities love via sponsorships and other types of involvement, those communities return the love with long-term loyalty.
Do you have to reside in the market where you are operating?
Yes. Either you or your operations partner must reside in the market in which you are operating.
Is Inspire Brands a franchise?
The Inspire Brands family is full of exciting franchise opportunities. Find out which leading business is best for you.
Background
With so many quick-service restaurant (QSR) options, sometimes you just want a good sandwich. This is where the Jimmy John's franchise comes in. Founded in 1983 by James John Liautaud and franchising since 1993, the brand has always focused on what it does best: making high-quality sandwiches in a fast amount of time.
Support and Training Offered By Jimmy John's
In terms of support and training, the franchisee can expect 171 hours worth of on-the-job training. Additionally, general managers will receive 7 weeks of training and assistant managers will get three weeks.
Franchises Similar to Jimmy John's
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
What is the initial franchise fee?
The initial franchise fee is used to cover, among other things, the costs of evaluating your proposed site, providing the initial training program, and helping you develop and open your Restaurant (although the initial franchise fee is not in exchange for any particular products, services, or assistance).
How long is a company due if it breaches its obligation to recruit, solicit, or hire?
Due if you breach your obligation not to recruit, solicit, or hire the managers of certain other entities (unless you have a written release) to be your employees or partners/investors (for one year after their original employment ends).
Does Jimmy John's liquidated damages cover other damages?
These liquidated damages cover only Jimmy John’s damages from loss of the Royalty. They do not cover other damages to which it might be entitled due to your actions or inaction.
JIMMY STORE TERMS & CONDITIONS
By shopping at the Jimmy Store, you acknowledge and agree to be bound by these Jimmy Store Terms & Conditions, in addition to the General Terms & Conditions. These Jimmy Store Terms & Conditions apply to all offers, agreements, and transactions that are made or entered into in connection with the sale and delivery of products from the Jimmy Store.
JIMMY JOHN'S GIFT CARD TERMS & CONDITIONS
By using your Jimmy John's Gift Card and/or the Jimmy John's Gift Card website located at www.jimmyjohns.com/giftcards (the "Website"), you agree to the following terms and conditions regarding the use of the card and the Website (the "Terms & Conditions").
ONLINE COPYRIGHT INFRINGEMENT NOTIFICATION POLICY
If you believe that this Website (s) contains materials that constitute copyright infringement, please notify Jimmy John's in accordance with this Online Copyright Infringement Notification Policy.
NOTICE TO CALIFORNIA RESIDENTS
Under California Civil Code Section 1789.3, California residents are entitled to the following specific consumer rights information:
How much does it cost to own Jimmy John's?
To own a Jimmy John’s Restaurant, your looking at a total investment of $313,600 to $556,100, depending on the size and location and includes initial real estate lease costs and a franchise fee of $35,000. In actuality, candidates will need $200,000 in either cash, marketable securities, stocks, etc. None of the funds can be borrowed. Further, you’ll need a net worth of $1,000,000 to qualify.
What is Jimmy John's?
If you’re unfamiliar with Jimmy John’s it is a restaurant franchise that features gourmet deli sandwiches, fresh baked breads and ancillary other food and beverage products.
What are the components of Jimmy John's?
The 3 Key Components of the Jimmy John’s Brand: 1. Keep it Simple. From inventory, to menus to marketing to managment. It’s all about making gourmet sandwiches.Don’t muddy the waters with anything complex. 2. We know we make gourmet sandwiches that people want. Our food is in high demand by all age groups.
Is Jimmy John's a fast growing restaurant?
No soups, no hot sandwiches, no salads. Just sandwiches. Our track record is best in class. Our system works for Jimmy John’s franchise owners, their teams and customers. We’ve been doing this for over 36 years. We’re one of the fastest growing restaurant chains in America. Most importantly, people love our food! Over 2,800 units strong and lots of room to grow.
How much does a "Jimmy John's" franchise cost?
The minimum amount required for a franchisee to invest is $316,100 and can go all the way up to $558,600.
How many "Jimmy John's" units are in the United States?
There are Jimmy John's locations in the United States, of which "43" are corporate units and 2651 are franchise units.
From the Franchise Disclosure Document of "Jimmy John's", that was issued on, 04, 09 2021
The franchise is to operate a Restaurant under the “Jimmy John's” name that features gourmet deli sandwiches, fresh-baked breads, and other Food products.