Is Jimmy Johns a publicly traded company?
Therefore, you cannot purchase shares of stock in the company. Since Jimmy John’s is not currently a publicly-traded company, there is not a price to report on how much a single stock in the company would cost. The most accurate way to determine an initial IPO price would be to compare it to other chain fast food restaurants.
How much do Jimmy Johns franchise owners earn?
Updated 2 years ago · Author has 107 answers and 1M answer views Jimmy John’s franchise estimates that annual sales can reach $1.2 million and net profits average about $280,000. The startup costs -- not including real estate are between $305,500 and $485,500. Franchisees also need $80,000 in cash and a net worth of about $300,000.
How much does Jimmy Johns franchise cost?
The upfront fee of the Jimmy John’s franchise is from $30,000 to $35,000. This initial franchise fee is paid lump-sum to the Jimmy John’s. The ongoing franchise expenses, on the other hand, are the following: The ongoing franchise expenses are based on gross sales.
Is Jimmy Johns a public company?
Jimmy John’s isn’t a public company, so it won’t disclose its profits quarterly. The brand’s franchisees are even less likely to share their private data, but a quick look at Jimmy John’s public numbers suggests the franchise is profitable. The franchise has more than 2,700 locations, with about 46 of those belonging to the corporation itself.
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How much do Jimmy Johns franchise owners 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 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.
Who owns Jimmy John's franchise?
Inspire BrandsJimmy John'sA Jimmy John's in Gillette, WyomingOwnerJimmy John Liautaud (1983–2019) Roark Capital Group (2019–present)Number of employees45,000 (2019)ParentInspire BrandsWebsitejimmyjohns.com14 more rows
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...•
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.
Is a franchise a good investment?
If you're a fledgling entrepreneur or a seasoned business person wanting to diversify your holdings, you've probably wondered, “Are franchises a good investment?” The simple answer is yes, especially if a great opportunity presents itself. There is an obvious appeal to starting a business via buying a franchise.
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?
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.
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
Which franchise is best in 2022?
Franchises provide a strong corporate and management framework, plus marketing, merchandising and production support....Bluevine Business CheckingDunkin' ... Anytime Fitness. ... Planet Fitness. ... Orangetheory Fitness. ... Primrose Schools. ... Kiddie Academy. ... Kumon Math and Reading Centers. ... Ace Hardware.More items...•
How much is a Starbucks franchise?
Initial Start-Up Funding The average cost to license a Starbucks store is $315,000. You'll also need $700,000 in liquid assets to be considered.
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.
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.
Company Details
Founded: 1983 Franchising since: 1993 Canada: No International: No Headquarters: Champaign, IL
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
Planet Wings, Green Leaf's, Falafill, Maras Cafe & Bakery, Locali / Localita & The Badasserie, Chicken in a Barrel BBQ, PJ's Coffee of New Orleans, Stacked Pickle, The Italian Place, Parlay Cafe, Chick-fil-A, Popeyes, Five Guys, Auntie Anne's, Big Chicken, Buffalo Wild Wings, KFC, Wingstop, McDonald's, 7-11, Subway, Jersey Mike's, Tim Hortons, Pizza Hut, Dunkin', Wendy's, Taco Bell, Smoothie King, Baskin-Robbins, Hardee's, Chili's, Marco's Pizza, Long John Silver's, Cinnabon, Mountain Mike's Pizza, Jack in the Box, Captain D's, Lee's Famous Recipe Chicken, SONIC, Culver's, Dickey’s Barbecue Pit, Tropical Smoothie Cafe, Arby's, Wing Boss, Pizza Factory, DonutNV, Firehouse Subs, Denny's, Straw Hat Pizza, Golden Chick, Domino's, Chester's, Donatos, Duck Donuts, Blaze Pizza, Surf City Squeeze, Ledo Pizza, Chronic Tacos, Epic Wings, LaRosa's Pizzeria, Rosati's Pizza, Fox's Pizza Den, Farmer Boys, BurgerFi, Fosters Freeze, Baja Fresh, Benny's Pizza, Angry Crab Shack, Beyond Juicery + Eatery, Another Broken Egg Cafe, Built Custom Burgers, Cicis, Bar-B-Cutie SmokeHouse, Boomarang Diner, Buffalo's Cafe, Bonchon Korean Fried Chicken, Schlotzsky's, Alamo Drafthouse Cinema, Cantina Laredo, Capriotti's Sandwich Shop, Blimpie Subs & Salads, Champs Chicken, Charleys Philly Steaks, Squisito Pizza & Pasta, Wings and Rings, Woops!, Chop Stop, WOW American Eats, Your Pie, Westside Pizza, Which Wich, Tortilla Town, Togo's, Tony Roma's, UCBC Bagels, United Slice, Wayback Burgers, Moe's Southwest Grill, Tubby's Sub Shop, Chicken Salad Chick, Taco Moli, The Counter, Sip Fresh, Uncle Sharkii Poke Bar, Atlantic Poke, Crepe Delicious, Biscuit Belly, Dave's Hot Chicken, Sushi Obsession, Black Bear Diner, Bobby Chez Gourmet to Go, Chick N Max, Big Shawn's Cheesesteaks, Umai Savory Hot Dogs, Bowl Boss Acai, WaBa Grill, VooDoo BBQ & Grill, Tapville Social, Rusty Taco, Breadsmith, The Habit Burger Grill, Broadway Subs, Bacon Bitch, The Boil Daddy, Bunz Gourmet Burgers, Acropolis Greek Taverna, Yummy Cupcakes, Bridge Road Bistro, Big O Bagels, Billy Sims BBQ, Toppers Pizza, Wing Ferno, Brother Bruno's Pizza, Deli & Bagels, Buck's Pizza, Curry Up Now, Ike’s Love & Sandwiches, VooDoo Wing Company, Staks Pancakes, Bahia Bowls Acai Bowl, Barzini's, Bailey Seafood, Cottage Inn Pizza, Captain Tony's Pizza & Pasta Emporium, Burger Barn Grill, Cousins Subs, Burbowl, Talkin' Tacos.
What to know about Jimmy John's franchise?
Jimmy John's is a popular sandwich chain in the United States. The company was founded in 1983 by Jimmy John Liautaud. The company has grown rapidly in recent years, and now has multiple locations across the country. Jimmy John's is best known for its fresh, made-to-order sandwiches.
How much does a Jimmy John's franchise cost?
Are you wondering how much is a Jimmy John's franchise? Before starting a Jimmy John's franchise, it is important to know the franchise fee, working capital and other costs required to start the business.
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 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 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.
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.
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.
How much does a Jimmy Johns franchise owner make?
The average Jimmy John’s franchise owner makes between $851,969 – $1,034,580 in gross revenue. However, this number can vary greatly depending on a number of factors, such as the location of the franchise, the size of the store, and the owner’s experience.
Ending Summary
Jimmy John’s is a franchise opportunity that is definitely worth considering for anyone with the right qualifications. The company has a proven track record of success, and franchisees can expect to make a decent living from their business. Of course, as with any business venture, there is always some risk involved.
