Jimmy John’s requires that prospective franchisees meet the following criteria in order to own and operate a Jimmy John’s store:
- Liquid Capital: $200,000
- Net Worth: $1,000,000
- Franchise Fee: $30,000 to $35,000 per store
- Initial Start Up Costs Range: $316,100 - $558,600
- Royalty Fee: 6%
- Advertising Fee: 4.5%
See more
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.
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 franchise is the most profitable?
Most Profitable FranchisesAnytime Fitness. Anytime Fitness is a popular gym brand with a low-cost investment and high revenue potential. ... McDonald's. McDonald's franchise program is one of the most established in the fast food industry. ... UPS Store. ... Jersey Mike's Subs. ... Dunkin' ... Sport Clips. ... 7-Eleven. ... Papa John's.
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?
Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000. Legally, franchisors cannot give income amounts or forecasts of future income.
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 does a Subway franchise cost?
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
Which is the best franchise to own in USA?
Top 100 Franchises 2022RankNameCountry1KFCUnited States of America27-ElevenUnited States of America3McDonald'sUnited States of America4Marriott InternationalUnited States of America16 more rows
How much is 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.
How to tell if a franchise is profitable?
According to Franchise Direct, the best way to determine a franchise's future profitability is by analyzing Item 19 of the franchise's franchise disclosure document (FDD), which outlines the business's financial performance. It's a good idea to consult an accountant or lawyer, who can help you crunch the numbers.
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.
What happens after Jimmy John's opens?
After your store opens, members of our Field Sales Force team will visit your store on an ongoing basis to provide support and feedback to ensure that your store is operating in accordance with Jimmy John's Brand Standards and to share with you the experiences of the best operators in the chain.
How long is franchise training?
Training - Our training program consists of classroom and in-store training, plus 4 weeks of hands-on management experience for brand-new franchise owners. Trainees are exposed to every aspect of store management, from baking bread and slicing veggies, to learning how to manage food costs and financials.
What is purchasing team?
Purchasing - The Purchasing team works with our suppliers to ensure your store receives the highest quality products at the best prices. They also manage our nationwide distribution network, work on research and development, and help ensure that you are getting the best prices possible for the inventory you need to run your store.
Is Jimmy John's a multi unit?
One of the fastest growing restaurant chains in the U.S., Jimmy John’s is now seeking multi-unit operators to fuel our growth. Homemade bread is served freshly baked, and the meats and veggies are freshly sliced in-shop every day.
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.
When was Jimmy John's Gourmet Sandwiches founded?
Founded in 1983 , Jimmy John's Gourmet Sandwiches was established to meet the demand of Americans who require an easy to go and deliciously tasty sandwiches. We have carved a niche for ourselves and have created several outlets all over the country. We uphold the trust placed on us by our customers, and so we do not joke about quality and timely delivery. Jimmy John's has received several accolades from renowned individuals and organizations as being the best when it comes to restaurant chain business in America.#N#Our history and precedence are Sterling, which makes our franchise a viable investment opportunity for would-be investors. We welcome you with open arms as you join the restaurant chain business with the fastest growth in America.
What is Jimmy John's sandwich?
Jimmy John's is all about sandwiches. No soups, not salads but just purely sandwiches. Gourmet Sandwiches has made a name as the fastest growing Restaurant chain in the whole of America. We have been rated by Money Magazine as the number one fast-food casual chain in the United States. We are the definition of fresh with over 2,700 units and still growing stronger with lots of room for expansion.#N#We make the freshest and most delicious sandwiches in a clean and friendly environment. Our veggies and meat are all-natural and professionally hand-sliced. We have always maintained a high standard ever since our inception. Jimmy John's bread is freshly baked and sliced to make the most deliciously tasty sandwiches for our customers within 30 seconds.#N#We are all about keeping it simple while maintaining a high level of professionalism. Our menu, product, and system of operation are unique. We are efficient, consistent, and effective in ensuring that freshly made meals are promptly delivered for just under $20. Business owners can have the opportunity of being part of the number one restaurant chain in America.#N#We urge you to join the Jimmy John's family and let us work together to always put a smile of satisfaction on the faces of our customers. With our distinctive business model, you can purchase our franchise and have a high return of investment at a low investment cost. Jimmy John's Gourmet Sandwiches is renowned not just for its taste but also for the customer-friendly way we serve and deliver our products. We make promises and keep our promises, which puts places us far above our competitors.#N#It is our earnest desire to build a brand that is found in every nook and cranny across the country and beyond. A lot of outstanding benefits awaits owners of our franchise. Our brand is tested and trusted. We are renowned and widely recognized all over America. Having a franchise as strong, reliable, and dependable as yours will give you the much-needed boost that every business owner craves to have.
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.
Download Our FREE Mobile App
Search and review available startup businesses near you on your Android and Apple smartphones and tablets.
Investment Level Analysis
See how the investment level of Jimmy John's Sandwiches' compares to those of other available food & restaurant related franchises.
Hundreds of franchises are ready to expand in your area
Browse our full list by category and investment level to find the right business opportunity for you.