Jimmy Johns franchise cost:
- Initial investment ranges from 329500 USD to 557500 USD
- The net worth requirement is around 300000 USD
- Liquid cash essential is around 80000 USD
Full Answer
How many Jimmy Jazz stores are there in the US?
Where was Jimmy Jazz first located?
How much does it cost to own a Jimmy Johns?
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.
Who owns Jimmy Jazz now?
owner Jimmy KhezrieJimmy Jazz owner Jimmy Khezrie noted that SNIPES gives Jimmy Jazz “a strong, global partner who shares our passion and who will appropriately continue our legacy as well as our investment in our teams and stores.” Jimmy Jazz opened its doors in Manhattan in 1989 and quickly became one of the top sneaker destinations in ...
How much money do you need to open a Jimmy John's franchise?
How much does it cost to open a Jimmy John's location? 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.
Is Jimmy Jazz still in business?
Jimmy Jazz was acquired by Snipes on Dec 1, 2021 .
Does Jimmy Jazz sell real clothes?
Yes, Jimmy Jazz sells authentic shoes and clothing. We are proud to be an Official Authorized Retailer for all brands we sell including Nike, Jordan, Adidas, Timberland, The North Face, New Balance, Polo Ralph Lauren, and many more.
How many employees does Jimmy Jazz have?
1,142 employeesJimmy Jazz has 1,142 employees, and the revenue per employee ratio is $146,234. Jimmy Jazz peak revenue was $167.0M in 2021.
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 does an average Jimmy John's make?
How much does Jimmy John's Sandwiches in California pay? Average Jimmy John's Sandwiches hourly pay ranges from approximately $11.71 per hour for Cashier to $18.97 per hour for Store Manager.
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 Jazz reputable?
As a testament to our ongoing commitment to providing the highest level of customer service and satisfaction, JimmyJazz.com has been certified by the Better Business Bureau as an accredited business and a trusted retailer.
Is Jimmy Jazz a good place to work?
Is Jimmy Jazz a good company to work for? Jimmy Jazz has an overall rating of 3.3 out of 5, based on over 253 reviews left anonymously by employees. 45% of employees would recommend working at Jimmy Jazz to a friend and 32% have a positive outlook for the business.
Where is Jimmy Jazz based?
Jimmy Jazz is the heart of live music in downtown Guelph We are a live music venue with always something on the go.
Who is James Khezrie?
Jimmy Khezrie - CEO GLOBAL GROUP ACQUISITIONS - Brooklyn, New York, United States | LinkedIn.
Who owns Snipes sneaker store?
With this deal, Snipes — owned by Germany's Deichmann SE, Europe's largest shoemaker — adds another U.S. sneaker chain to its stable, following its acquisition of Jimmy Jazz late last year. The company now has 680 stores worldwide.
Who owns Foot Locker?
Foot Locker Inc (NYSE:FL) Institutional investors hold a majority ownership of FL through the 88.51% of the outstanding shares that they control. This interest is also higher than at almost any other company in the Apparel/Footwear Retail industry.
Who bought expressions?
SnipesSnipes is continuing its ambitious U.S. expansion plan with the acquisition of the New England-based sneaker retailer Expressions. Snipes on Tuesday signed an agreement to purchase Expressions, which operates 35 stores across Massachusetts, Connecticut and Rhode Island.
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 start a startup?
The cost runs around $6,000.
How much does it cost to buy office equipment?
Total cost for office equipment runs around $2,500.
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, ...
What is franchise territory?
Territory Granted: Franchisees will operate the restaurant at a specific location that the franchisor first must accept. Franchisees will not receive an exclusive territory. Franchisees also do not have any type of non-exclusive territory. Franchisees may face competition from other franchisees, from outlets that the franchisor owns, or from other channels of distribution or competitive brands that the franchisor controls.
How long does a franchise last?
Term of Agreement and Renewal: The length of the initial franchise term is 10 years from the day on which restaurant first opens to the public for business. If franchisees are in full compliance, they may acquire one successor franchise on the then current terms (which may be materially different) for the shorter of 10 years or the lease term.
What year is Jimmy John's FDD?
The above information has been compiled from the FDD of Jimmy John's. Year of FDD: 2021.
How long is Boot Camp?
Boot Camp training consists of approximately five days in the franchisor’s training kitchen learning how to complete opening procedures, make all of the franchisor’s recipes, bake bread, and make sandwiches.
Does franchising offer financing?
Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee a franchisee’s note, lease, or obligation.
Does Franchise Direct sell your information?
Franchise Direct's reputation for integrity in the franchise industry has been established over our 20+ years in business. We NEVER sell your information or share it with anyone other than the companies from which you have requested information. Please view our privacy policy.
How much is local marketing?
Local market marketing is 1% of gross receipts of each Franchised Restaurant for its first 12 months of operation for each new restaurant. The amount required for Local Advertising will increase 0.5% every twelve months thereafter, up to a maximum of 3% of gross receipts of each Franchised Restaurant. These monies are expended by the franchisee in their local trade area.
What is the continuing royalty rate?
The continuing royalty rate is 4% of the gross receipts of each Franchised Restaurant, calculated and payable monthly through an Electronic Depository Transfer Account.
How to choose a Jimmy's Egg location?
A Jimmy’s Egg representative will tour your market with you to review potential sites you have identified. We will review our formal site criteria with you and your broker. A site application form will be submitted to Jimmy’s Egg for consent to the development of the location.
What is Jimmy's Egg training?
It is our mission to train you in the time-tested methods that, if followed properly, give you the best opportunity to be successful in your restaurant. We also provide you with an in store training solution for your staff prior to the opening.
How much does it cost to open a Jimmy's Egg?
The physical development costs to open a Jimmy’s Egg restaurant, including all architectural and permit fees range from $481,300 to $572,000. That does not include any Tenant Improvement Allowance (TIA) that might be negotiated by you and your broker.
How many sq ft are restaurants leased?
Most of our restaurants are leased 3,000-3,400 sq. ft. end cap spaces, or free standing conversions of former fast food restaurants. It is not a heavy investment model, like many other traditional breakfast concepts with large freestanding buildings. This gives us a nimble, flexible model that can relocate over time as trade area hot spots move to new areas.
Is Jimmy's Egg a casual breakfast?
Jimmy’s Egg® is part of the fast growing casual Breakfast and Lunch segment. With more than 30 years of proven management and operational expertise, strong brand identity and customer loyalty, Jimmy’s Egg provides a unique business model. We offer strong unit level economics and lower investment costs compared to other breakfast concept restaurants. Jimmy’s Egg offers you some of the best advantages in the industry:
How many Jimmy Jazz stores are there in the US?
Today, Jimmy Jazz and subsidiaries have over 170 stores on major streets and malls in the United States, which includes over 30 in the New York Metro area. Stores feature premier lifestyle, streetwear and footwear brands including Nike, Jordan, Adidas, Polo Footwear, Levi's, and Decibel, just to name a few.
Where was Jimmy Jazz first located?
With a natural entrepreneurial spirit and a vision, Brooklyn-born Khezrie opened the first Jimmy Jazz store on Delancy Street in Manhattan —named after his favorite song from The Clash, ...
