Jimmy John’s Franchise Costs: Estimated Initial Investment (Item 7, 2022 FDD)
- 1. Initial Franchise Fee: $30,000 to $35,000 ...
- 2. Real Estate/Rent (1 month): $2,500 to $8,000 ...
- 3. Security Deposit: $2,500 to $8,000 ...
- 4. Leasehold Improvement Costs: $115,000 to $310,000 ...
- 5. Furniture, Fixtures, Signage, and Equipment (including Computer/Point-of-Sale System): $115,000 to $166,000 ...
- 6. Architect: $9,500 to $14,500
- 7. Office Equipment: $1,900 ...
- 8. Utility Deposits: $1,000 to $2,000 ...
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How much is a Jimmy Johns franchise?
Jimmy John's Franchise Costs & FeesName of FeeLowHighInitial Franchise Fee$30,000$35,000Real Estate/Rent (1 month)$2,500$8,000Security Deposit$2,500$8,000Leasehold Improvements$115,000$310,00011 more rows
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 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 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 make good money?
Buying a franchise might seem like easy money, but those royalties and fees will quickly cut into profit margins. The majority of franchise owners earn less than $50,000 per year.
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 is 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
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
What is the number one franchise to own?
Top 100 Franchises 2022RankNameCountry1KFCUnited States of America27-ElevenUnited States of America3McDonald'sUnited States of America4Marriott InternationalUnited States of America16 more rows
What franchise makes the most money?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
What food franchise makes the most money?
Here are our picks for the top three full-service restaurant franchises....The Most Profitable Food Franchise Opportunities in 2022 (Full-Service Restaurants)East Coast Wings + Grill. Type: Full-service wing restaurant. ... Another Broken Egg Cafe. ... Taziki's Mediterranean Cafe.
How much do franchise owners make a year?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
How much does a UPS franchise owner make?
How much does a UPS Store franchise owner make? The UPS Store Owner's average profit per year is approximately $100,000. It takes "about $365,000 in annual gross sales" to produce a modest "$35,000/yr income for the owner" and "about 60% of all US stores do not break even."
How much do Firehouse Subs franchise owners make?
The estimated total pay for a Franchise Owner at Firehouse Subs is $116,009 per year.
How much does owner of Subway make?
The average salary for an Owner is $122,868 per year in United States, which is 35% higher than the average Subway salary of $90,583 per year for this job.
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 to Franchise?
Now that you have an idea on how much does Jimmy John’s franchise cost, the next thing you should know is how to buy the franchise. Well, here is the process:
How much does it cost to buy office equipment?
Total cost for office equipment runs around $2,500.
How much does it cost to start a startup?
The cost runs around $6,000.
Is it possible to get money by franchising a business?
Franchising a business is one simple way to earn money, especially if you are franchising an already famous business. You will just have to qualify with their specific requirements, pay their franchising fee, and follow the rules. Jimmy John’s might be the best option for you. Jimmy John’s is a popular sandwich restaurant chain, ...
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.
