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The real numbers on owning a Jersey Mike's franchise
Quick Service Restaurant / Submarine Sandwiches · FDD 2026 · from public state filings
DDisclosure honesty
This franchisor discloses earnings (Item 19) — but read how.
Investment
$436,176–$1,162,228
Total fees
11.5% of sales
Outlets
3,227
Closure signals
13 ceased, 0 terminated
Lawsuits
3
What their own earnings claim actually says
Discloses average ($1,367,578), median ($1,305,850), high, low Unit Volume for 2,606 traditional franchised restaurants in 2025. No expenses, no profit/loss data disclosed. Revenue-only; cherry-picks mature stores, excludes 583 newer units.
Honesty grade D: the disclosed numbers are incomplete or framed to look better than an owner's real take-home.
Failure & turnover reality (Item 20)
13 ceased operations in 2025; zero terminations reported; 218 transfers may mask distressed exits.
Legal history (Item 3)
3 matters disclosed.
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The franchisor won't put real owner profit in writing. We do — reconstructed from their own FDD.
Franchisor's framing: Discloses average ($1,367,578), median ($1,305,850), high, low Unit Volume for 2,606 traditiona…
🔒 Real estimated owner take-home (low / median / high) — unlocked in the report
Reconstructed owner P&L — net take-home after royalty, ad fund, rent, labor & debt
Break-even timeline + cash-on-cash ROI on your investment
Full fee stack + required-purchase markups
Decoded real failure / closure rate
How it ranks vs comparable franchises
Validation-call playbook — who to call + the exact questions
The FDD lists a total initial investment of about $436,176–$1,162,228, including a $20,000 initial franchise fee.
How much do Jersey Mike's franchise owners make?
Discloses average ($1,367,578), median ($1,305,850), high, low Unit Volume for 2,606 traditional franchised restaurants in 2025. No expenses, no profit/loss data disclosed. Revenue-only; cherry-picks mature stores, excludes 583 newer units. We grade this disclosure D for honesty.
What is the Jersey Mike's franchise failure rate?
13 ceased operations in 2025; zero terminations reported; 218 transfers may mask distressed exits.
Is a Jersey Mike's franchise worth it?
It depends on the numbers, not the pitch. Jersey Mike's scores D on disclosure honesty, carries about 11.5% of sales in ongoing fees, and discloses 3 legal matters. Get the real owner take-home before you sign.
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Source: MN CARDS 35938-202604-11 (Clean FDD 2026). FranchiseValidate is independent and not affiliated with Jersey Mike's or its franchisor. Figures are extracted from the franchisor's own public disclosure document; verify against the current FDD before any decision.