Full Answer
How much does it cost to open Jimmy John’s franchise?
The total initial investment necessary to begin the operation of a franchised Jimmy John’s restaurant is between $$316,100 and $558,600. This includes a $35,000 franchise fee that is paid to the franchisor. Did You Know?
How did Jimmy John’s start his business?
Jimmy John’s started back in 1983 when 19-year-old Jimmy John Liautaud opened his first sandwich shop in Charleston, Illinois. His dad was his partner, so he split the profit with him and, after two years, he bought out his dad and the business was all his.
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 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 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.
What are the requirements to own a Jimmy John's franchise?
The estimated initial investment required to open a Jimmy John's franchised restaurant is $329,500 to $557,500, excluding real estate purchase costs. You must have a net worth of at least $300,000 and access to at least $80,000 in cash or liquid assets to qualify for ownership of a Jimmy John's.
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?
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 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 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?
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 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.
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.
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.
How much do Firehouse Subs franchise owners make?
The estimated total pay for a Franchise Owner at Firehouse Subs is $116,018 per year.
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.
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 makes a franchise successful?
They have, or they are willing to create relationships with community leaders, schools, local sports teams, local charities… and really, anyone who enjoys a fresh, high-quality sandwich. When franchisees show their communities love via sponsorships and other types of involvement, those communities return the love with long-term loyalty.
How long does it take to open a franchise?
We estimate it will be 9 – 12 months after you sign the Franchise Agreement before you open your doors, but the timeframe could be longer depending on a variety of factors, including your diligence in the site selection and leasing processes and existing market conditions.
What is top supplier relationship?
Purchasing: Top supplier relationships help provide stores with the highest quality products at the best prices. We also manage nationwide distribution and R&D.
Is Inspire Brands a franchise?
The Inspire Brands family is full of exciting franchise opportunities. Find out which leading business is best for you.
Do you have to reside in the market where you are operating?
Yes. Either you or your operations partner must reside in the market in which you are operating.
What is Jimmy John's?
If you’re unfamiliar with Jimmy John’s it is a restaurant franchise that features gourmet deli sandwiches, fresh baked breads and ancillary other food and beverage products.
What are the components of Jimmy John's?
The 3 Key Components of the Jimmy John’s Brand: 1. Keep it Simple. From inventory, to menus to marketing to managment. It’s all about making gourmet sandwiches.Don’t muddy the waters with anything complex. 2. We know we make gourmet sandwiches that people want. Our food is in high demand by all age groups.
How much does it cost to own Jimmy John's?
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. None of the funds can be borrowed. Further, you’ll need a net worth of $1,000,000 to qualify.
What is royalty fee?
Royalty Fees are 6% of the Restaurant’s weekly Gross Sales. They’re due on Wednesday of each week. Gross Sales, basically means all revenue from operating the Restaurant.
Is Jimmy John's a fast growing restaurant?
No soups, no hot sandwiches, no salads. Just sandwiches. Our track record is best in class. Our system works for Jimmy John’s franchise owners, their teams and customers. We’ve been doing this for over 36 years. We’re one of the fastest growing restaurant chains in America. Most importantly, people love our food! Over 2,800 units strong and lots of room to grow.
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.
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