How much does it cost to open Jimmy John's franchise?
Jimmy John's has the franchise fee of up to $35,000, with total initial investment range of $329,500 - $557,500. Initial investments:$329,500 - $557,500 Net-worth Requirement:$300,000 Liquid Cash Requirement:$80,000 Initial Franchise Investment Name of Fee
How many Jimmy John's locations are there in the US?
Jimmy John's has opened approximately 200 locations per year over the past three years. As of 2014, 98% of the locations were franchise-owned. 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?
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.
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How much does a 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?
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
What do you need to start a Jimmy John's franchise?
What Does a Jimmy Johns Gourmet Sandwiches Franchise Cost? To buy a franchise with Jimmy Johns 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?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
What is the cost of a Starbucks franchise?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
What is the cost of McDonald's franchise?
The Franchise fee of McDonald's goes for around 30 lakhs INR; however, this fee is also attached with a 4 % monthly royalty fee as service fees to the brand. The actual investment amount differs, a business owner needs to keep a rough estimate of around 6 to 14 Crores.
How much is it to buy a Taco Bell franchise?
Costs overview Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of 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.
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
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...•
Which is best franchise to buy?
Top 20 Franchise Business in India1) Patanjali.2) Domino's.3) Archies.4) PMKVY Franchise.4) Dr. Batra's Clinic.5) KFC.6) First Cry.7) Lenskart.More items...•
How much do Chick-fil-A owners make?
Chick-Fil-A Franchise Owner Salary Owners make $200,000 to $240,000 per year on average after considering annual fees. Chick-fil-A restaurants produce around $5.3 million in annual sales on average so between 5% – 7% of total sales will hit the bottom line after expenses.
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 it to buy a Taco Bell franchise?
Costs overview Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of 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
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, ...
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 much money did the man who made the hot dog stand need?
He could not open a hot dog stand as he needed $45K but what he had was only $25K. So, he made a little change in his plan. He went for sandwiches as the raw materials and equipment needed to make them cost within his budget.
How long is the franchise training?
The training session is held in classrooms as well as in stores along with 4 weeks of hands-on management experience for the brand new franchisees. The team is guaranteed to provide you with the best quality training in order to run the store victoriously.
When did Jimmy John Liautaud start his journey?
Origin of Jimmy John’s. The legendary journey actually started in 1982 when Jimmy John Liautaud was trying to find a way to stand up in life. He graduated from Elgin Academy High School in 1982. His father, being a well-disciplined man from the army, wanted the same for Jimmy.
When did Jimmy Johns start his business?
He found a few places like closed garages and old closed pizza shops where he could open his restaurants and the outcome turned out to be fine. In 1983 he started the business with his father as his business partner.
Who owns Jimmy John's Gourmet Sandwich?
Here’s the complete review. Jimmy John’s Gourmet Sandwich is an American based fast-food restaurant chain. At present, it is owned by Inspire Brands. It is especially known for making one of the best quality sandwiches that carries the most heavenly taste.
When did the sailor start his business?
In 1983 he started the business with his father as his business partner. In that very year, they managed to raise a profit of $40K and the next year $50 and it kept on increasing. By 2002 he managed to spread the business in 160 locations.
Does the estimated value of the initial investment range include the real estate purchase value?
Note: The total estimated value of the initial investment range does not include the real estate purchase value.
