Jimmy John's franchisees pay an initial franchise fee of $35,000. Fees for subsequent stores are $30,000 respectively. Royalty and continuing services fees are 6% of gross sales.
How much do Jimmy John’s franchisees make?
Basically, an average Jimmy John’s franchise owner can make 6.5% annually, which is a good amount of profit. Also, it doesn’t require any huge amount of investment. But there are multiple fees and charges that need to be paid by Franchisees which are deducted from their profit.
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?
Why do people like Jimmy John's so much?
Everything about Jimmy John's - from the menu, to the marketing, to franchise management - is about keeping it simple. No games or gimmicks. We've got something that people crave. It's damn good. We promise an honestly good sandwich and deliver on that promise.
How many Jimmy John’s restaurants are there in 2019?
(2) information regarding the actual gross sales and certain other operating results of affiliate-owned and operated Jimmy John’s Restaurants that opened on or before January 2, 2019 (42 of 43 Restaurants total) (Part 2); and (3) actual partial operating financial statements for 2 affiliate-owned and operated Jimmy John’s Restaurants (Part 3).
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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.
What percentage do franchise owners make?
Franchise royalties range from 4% of your revenue all the way up to 12% or more. The amount has to do with the type of franchise business. For example, a food franchise is a high-volume business. A lot of individual items are purchased by a high-volume of customers.
What is Jimmy Johns royalty fee?
6%$671,400Type of FeeAmountRoyalty6% of restaurant's weekly gross sales.Advertising and Development FundUp to 4.5% of restaurant's weekly gross sales (currently the full 4.5%) or 1.5% for non-traditional locations.Cooperative Advertising ProgramsUp to 2% of restaurant's gross sales.Successor Franchise$2,50029 more rows
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.
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...•
Do franchise owners take a salary?
Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
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.
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 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 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 much money do you need to open a Chipotle franchise?
Estimated Chipotle Franchise CostType of ExpenditureEstimated AmountLowHighChipotle Franchise Fee (if they franchised)$20,000$25,000Real Estate Purchase or Lease(may vary substantially based upon the location)Site Preparation and Completion Costs$150,000$400,00011 more rows•Jul 19, 2022
How much do 7 Eleven franchise owners make?
The estimated total pay for a Franchise Owner at 7-Eleven is $140,208 per year.
How much royalties do franchisees pay?
Royalty Fees Vary The amount that a franchisee pays is usually between 4% and 8% of the franchisee's gross sales each month. But some franchisors calculate it based on net sales (after expenses). That's good because you don't have to pay royalties on expenses, but the paid percentage rate is also higher.
How much does a Popeyes franchise owner make a year?
How Much Profit Does Popeyes Franchise Make Per Year? The average operating profits per store was $312,782 according to the Popeyes FDD (franchise disclosure document). This number reflects the profit before taking tax, fees, and interest on debt into consideration.
What is the failure rate of a franchise business?
But there is a problem: too many franchisors never grow into a bona fide successful franchise system. The numbers don't lie: 67 percent of all franchisors who launch don't sell a single franchise in their first two years.
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.
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.
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.
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?
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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 much of restaurant gross sales must be spent on local marketing?
Besides your advertising obligations described in this Item, you must spend 0.5% of the Restaurant’s weekly Gross Sales on local marketing.
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.
We're Simple
Limited, focused inventory - what could be easier? Everything about Jimmy John's - from the menu, to the marketing, to franchise management - is about keeping it simple. No games or gimmicks.
We're Honest
We've got something that people crave. It's damn good. We promise an honestly good sandwich and deliver on that promise. We tell it like it is. That's why customers have come to trust Jimmy John's.
We Make it Happen
When you start a business in a garage and nurture it into a nation-wide franchise, that's ass-kickin' execution. When you work your way up from delivery driver to store owner, that's passion. And when you drive six hours out of your way to get a sandwich, that's loyalty.
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.
Who owns Jimmy John's?
Jimmy John's is an American sandwich franchise chain with an emphasize on speedy delivery services. The company is owned by private equity firm Roark Capital Group and is popularly known for its out-of-the-box marketing campaigns and slogan "freakishly fast.".
When did Jimmy John's open?
Jimmy John's Gourmet Sandwiches Franchise Opportunities - History. Jimmy John Liautaud opened the first Jimmy John's in 1983 in Charleston, Illinois. His original plan of starting a hot dog business failed when he realized that it would be too expensive, instead, he opened a sandwich shop. The store saw profit after only its first year ...
Is Honey Baked Ham a franchise?
The Honey Baked Ham Company, America's first and favorite ham franchise, has been serving high quality products for over 60 years. As a retail food franchise, HoneyBaked stands out with its multiple revenue streams and simple operating requirements.
Is Jimmy John's sandwich franchise?
Jimmy John's Sandwiches is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $90,000 .