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FRANCHISE RESALES

Buy a Jersey Mike’s Subs Franchise

Jersey Mike’s Subs is a fast-casual sandwich franchise founded in 1956 at a small shop in Point Pleasant, New Jersey. Now headquartered in Manasquan, NJ, the brand has grown into one of the largest sub sandwich chains in the US, with more than 3,200 locations and a growing presence in Canada.

The business is built around fresh-sliced meats and cheeses prepared in front of customers, served on fresh-baked bread. Cold subs, hot subs, and catering are available across the menu, with subs optionally prepared Mike’s Way: onions, lettuce, tomatoes, oil, vinegar, and spices. The brand’s MyMike’s loyalty program and mobile ordering app support repeat customer engagement and off-premise sales.

Majority ownership of Jersey Mike’s was acquired by private equity firm Blackstone at approximately an $8 billion valuation, and the company filed for an IPO in early 2026. CEO Charlie Morrison now leads the business. Franchisees operate individual restaurant locations under a brick-and-mortar model, typically in strip mall or inline settings, employing a team of hourly staff.

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Why buy a Jersey Mike’s Subs Franchise?

For those looking to buy a Jersey Mike’s franchise, the brand offers market recognition that few fast-casual concepts can match. Jersey Mike’s ranked No. 1 on Entrepreneur’s 2026 Franchise 500 (No. 2 in 2025), which evaluates franchisors on unit growth, financial strength, support quality, and brand power. The ranking reflects consistent consumer traffic and strong name recognition across the US market.

The annual Month of Giving campaign gives each location a built-in local engagement platform. In 2025 the campaign raised a record $30 million for local charities, bringing the total since 2011 to more than $143 million. Community participation is embedded in the brand identity, and franchisees are expected to build local relationships beyond the counter.

Jersey Mike’s Subs Franchise Costs & Information

Based on 2024 data reported in the 2025 FDD

  • Brand Profile

    • Year Founded

      1956

    • Franchising Since

      1987

    • New Startup Cost

      $185,903 – $1,417,592

    • Avg. Resale Price

      Contact us for details

  • Franchise Fees

    • Initial franchise Fee

      $20,000

      for new territories

    • Transfer Fee

      $15,000

      per Franchised Restaurant transferred

    • Royalty Fee

      6.5%

      of Gross Revenue

    • Marketing Fee

      5%

      of Gross Receipts

  • Unit Performance

    • Total Units *

      2989

    • New Units Opened *

      318

    • Units Transferred *

      79

    • Avg. Unit revenue *

      $1,338,874

    * Based on 2024 data reported in the 2025 FDD

Jersey Mike’s Subs – Additional  Information

  1. Training & Support

    Jersey Mike's supports franchisees with initial training in restaurant operations, food preparation, and customer service. Ongoing support includes operational coaching, marketing assistance, proprietary systems access, and group buying power for ingredient sourcing. The mentorship culture is a defining feature: many franchise owners entered the system as crew members and rose through the ranks. The Sub Above Fund provides financial assistance to team members in hardship. Resale buyers should confirm what initial training and system access are available to incoming owners and how existing staff certifications transfer with the sale.

  2. Ideal Owner

    The ideal Jersey Mike's franchisee is operations-focused and comfortable managing hourly staff in a high-paced restaurant environment. Prior foodservice experience is not required, but owners should be willing to be hands-on during peak hours and to engage actively with local customers and community. The brand places strong emphasis on culture: franchisees are expected to embrace its community-giving identity, not just manage the business mechanics. Multi-unit ownership is common in the system, which suits operators with ambitions to scale.

  3. Recognition & Awards

    Jersey Mike's ranked No. 1 on Entrepreneur's 2026 Franchise 500, having held the No. 2 position in 2025. The annual ranking evaluates franchisors on unit growth, financial strength, support quality, and brand power. The brand was also recognized on Forbes' Best Brands for Social Impact list in 2025, ranked No. 6 on Yelp's 2025 Fastest Growing Brands list, and named the No. 1 Best Sandwich Chain in America in 2025 by Eat This, Not That! For resale buyers, these recognitions signal a brand with strong national visibility, though local unit performance will depend on the specific territory, customer base, and competitive environment.

  4. Industry / Market

    The US sandwich and sub restaurant industry had revenue of approximately $42 billion in 2026, with a compound annual growth rate of 2.4% since 2020, according to IBISWorld. Jersey Mike's ranks among the three largest chains in the segment alongside Subway and Jimmy John's. Consumer demand for freshly prepared food and digital ordering convenience continues to support the category. For resale buyers, local factors including competition density, trade patterns, and off-premise sales mix are worth reviewing when assessing a specific unit.

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