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How much does a Jimmy Johns 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.
What does it take to own a Jimmy John's franchise?
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.
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 $11.00 per hour for Merchandiser to $18.97 per hour for Store Manager.
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...•
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 a Subway franchise?
How much is the franchisee fee? The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
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.
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
How much do sports clips owners make?
The salary for Franchise Owner at Sport Clips is $60,000 annually.
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.
How Much Is a Subway franchise?
How much is the franchisee fee? The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
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.