...
Jimmy John's.
| A Jimmy John's in Gillette, Wyoming | |
|---|---|
| Services | Franchising |
| Revenue | US$3.1254 billion (2019) |
| Owner | Jimmy John Liautaud (1983–2019) Roark Capital Group (2019–present) |
| Number of employees | 45,000 (2019) |
Is Jimmy Johns a publicly traded company?
Therefore, you cannot purchase shares of stock in the company. Since Jimmy John’s is not currently a publicly-traded company, there is not a price to report on how much a single stock in the company would cost. The most accurate way to determine an initial IPO price would be to compare it to other chain fast food restaurants.
How much do Jimmy Johns franchise owners earn?
Updated 2 years ago · Author has 107 answers and 1M answer views Jimmy John’s franchise estimates that annual sales can reach $1.2 million and net profits average about $280,000. The startup costs -- not including real estate are between $305,500 and $485,500. Franchisees also need $80,000 in cash and a net worth of about $300,000.
How much does Jimmy Johns franchise cost?
The upfront fee of the Jimmy John’s franchise is from $30,000 to $35,000. This initial franchise fee is paid lump-sum to the Jimmy John’s. The ongoing franchise expenses, on the other hand, are the following: The ongoing franchise expenses are based on gross sales.
Is Jimmy Johns a public company?
Jimmy John’s isn’t a public company, so it won’t disclose its profits quarterly. The brand’s franchisees are even less likely to share their private data, but a quick look at Jimmy John’s public numbers suggests the franchise is profitable. The franchise has more than 2,700 locations, with about 46 of those belonging to the corporation itself.
See more
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.
Are Jimmy John's franchises?
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.
How many Jimmy John's restaurants are there in the United States?
2,700 locationsWith over 2,700 locations in 43 states across the U.S., you've got plenty of Jimmy John's sandwich shops to choose from.
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...•
How Much Is a Subway franchise?
The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
Who owns Jimmy Johns now?
Inspire BrandsJimmy John's / Parent organizationInspire Brands, Inc. is an American holding company and the owner and franchisor of the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Rusty Taco, Mister Donut, Dunkin' Donuts and Baskin-Robbins restaurant chains. Wikipedia
Where is the original Jimmy John's located?
Charleston, ILJimmy John's / Place foundedCharleston is a city in and the county seat of Coles County, Illinois, United States. The population was 17,286, as of the 2020 census. The city is home to Eastern Illinois University and has close ties with its neighbor, Mattoon. Both are principal cities of the Charleston–Mattoon Micropolitan Statistical Area. Wikipedia
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.
Is Jimmy Johns better than Subway?
Overall, Jimmy John's is a solid fast food restaurant, and it comes very close to beating Subway, but while using our three criteria for measuring which is better, it is blatant to see that Subway is better than Jimmy John's.
What state has the most Jimmy Johns?
How many Jimmy Johns stores are there in the United States? There are 2,753 Jimmy Johns stores in the United States as of October 24, 2022. The state with the most number of Jimmy Johns locations in the US is Illinois, with 290 stores, which is about 11% of all Jimmy Johns stores in the US.
Why is there no turkey at Jimmy Johns?
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.
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.
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.
Who owns Jimmy Johns?
Inspire BrandsJimmy John's / Parent organizationInspire Brands, Inc. is an American holding company and the owner and franchisor of the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Rusty Taco, Mister Donut, Dunkin' Donuts and Baskin-Robbins restaurant chains. Wikipedia
Who owns Jimmy John's franchise?
For the type of container, see carboy. Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois.
When did Liautaud stop selling franchises?
Franchising continued until 2002 when Liautaud stopped selling franchises for one year to give support for stores that were struggling. The first franchise store opened in Eau Claire, Wisconsin. In 2001, the hundredth Jimmy John's store opened in Mt. Pleasant, Michigan.
What did Jimmy John Liautaud do?
After Jimmy John Liautaud graduated second to last in his class at Elgin Academy (1982), his father gave him the choice to join the military or start a business. Liautaud chose the latter, and his father lent him $25,000 to start a hot dog business, with the son owning 52% of the business, and his father owning 48%. He soon realized that a hot dog business would cost more than he had, so he decided to open a sandwich shop.
Where is the Liautaud franchise located?
It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois. In 35 years, the company has grown to more than 2,700 locations in all states except Alaska, Connecticut, Hawaii, Maine, New Hampshire, Rhode Island and Vermont. As of 2020. [update] , 98% of the locations are franchise -owned.
Where did Liautaud open his second store?
In 1986, he opened his second store in Macomb, Illinois, and in 1987, he opened a third in Champaign, Illinois. In 1988, Liautaud met Jamie Coulter, who would later become the CEO of Lone Star Steakhouse & Saloon. Coulter mentored Liautaud and "taught [him] how to effectively run multiple units.".
Who did Liautaud sell his stake in?
Since he had little expertise in real estate, he decided to take on a partner who did. In January 2007, Liautaud sold a 33% stake to Weston Presidio, a San Francisco–based private-equity firm. In the first year after partnering with Weston Presidio, 100 real estate deals were closed.
Who sponsored Kevin Harvick?
In 2009 and 2010, Jimmy John's sponsored Kevin Harvick in the NASCAR Nationwide Series. In 2011, Jimmy John's and Richard Childress Racing reached a multi-year agreement to sponsor Harvick for the Sprint Cup Series. The 2014 sponsorship continued with Harvick and the Stewart-Haas Racing team.
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?
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.
How many franchise locations do they have?
As of the 2021 Franchise Disclosure Document, there are 2651 franchised Jimmy John's locations in the USA.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
Why did Jimmy give me these opportunities to try these things?
Jimmy’s given me these opportunities to try these things because he knows I’m completely committed to making his business as successful as possible.
What is Jimmy John's culture?
Jimmy John’s culture is laser-focused on quality—high quality. It’s actually more than a culture, it’s a way of life that influences everything they do, from the delicious food to the work ethic instilled in the team and franchisees. Jimmy John’s believes if you aren’t going to do things first class, you shouldn’t do them at all.
Who is the CEO of 7shifts?
7shifts CEO Jordan Boesch was intrigued about the Jimmy John’s culture and about what set Dan apart from the fast-casual pack. Jordan recently had the opportunity to chat with Dan to learn more.
Overview
Jimmy John's is an American sandwich chain headquartered in Champaign, Illinois. The business was founded by Jimmy John Liautaud in 1983. After Liautaud graduated from high school, his father gave him a choice to either join the military or start a business. Liautaud, choosing the latter, initially decided to start a hot dog business, but changed to opening a sandwich business due to c…
History
After Jimmy John Liautaud graduated second to last in his class at Elgin Academy in 1982, his father gave him a choice to either join the Army or start a business. Although his father wanted him to enlist, the younger Liautaud chose the latter, and his father agreed to loan him $25,000 in exchange for a 48% stake in the business. Initially Jimmy John wanted to open a hot dog stand, but afte…
Menu
Jimmy John's has three bread options: French, thick-sliced Wheat, and the six-inch "Lil' John" (smaller version of French bread), as well as a lettuce wrap option known as the Unwich. Jimmy John's has 17 different numbered sandwiches plus a B.L.T., called the J.J.B.L.T, and the Gargantuan, a combination of all the meats. The 17 sandwiches may have ham, roast beef, tuna, turkey, salami, capicola, bacon, or provolone cheese or combine two or more meats and cheese…
Awards and recognition
Jimmy John's was named #1 on the Entrepreneur 2016 Franchise 500. In 2014, YouGov BrandIndex ranked restaurant chains that have the highest millennial brand loyalty, and Jimmy John's topped the ranking with 83% of the vote based on restaurants they would consider going to again. Jimmy John's was named the #2 Most Popular Restaurant for Business Meals by expense reporting program Certify. In 2015, Entrepreneur.com named Jimmy John's one of the 10 Promis…
Philanthropy
In September 2014, Jimmy John's donated $1 million to the Folds of Honor Foundation, a foundation that supports the families of killed or disabled soldiers. During the 2015 school year, Jimmy John's donated more than 100 laptop computers to the Champaign Unit 4 School District. Jimmy John's donated $125,000 to the Champaign Parks Foundation to support the Youth Scholarship Program in November 2016.
Sponsorships
Starting in 2007, Jimmy John's began sponsoring NASCAR, first with Steven Wallace in 2007 and 2008. In 2009 and 2010, Jimmy John's sponsored Kevin Harvick in the NASCAR Nationwide Series. In 2011, Jimmy John's and Richard Childress Racing reached a multi-year agreement to sponsor Harvick for the Sprint Cup Series. The 2014 sponsorship continued with Harvick and the Stew…
FDA warning
On February 21, 2020, the U.S. Food and Drug Administration sent an FDA warning letter to Jimmy John's detailing evidence from five outbreaks of human infections with Escherichia coli. The letter said that the evidence demonstrates that the company engaged in a pattern of receiving and selling spoiled produce, specifically clover sprouts and cucumbers. In the letter, the FDA says the Iowa Department of Public Health reported that, as of January 2020, a total of 22 people were inf…
See also
• List of submarine sandwich restaurants