How much Jersey Mike’s Franchise Owners Make ($1.2M a year)
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- เผยแพร่เมื่อ 14 ต.ค. 2024
- There are Jersey Mike’s popping up everywhere. Their subs are delicious, and they always seem to be busy. Is there any opportunity for you to take advantage of this opportunity and start a franchise?
Let’s see how much a store costs, can make, and what our profits can be. All numbers and estimates our based off my opinion and independent research and could be wrong.
How much does it cost to open a jersey mike's franchise?
Their Website says anywhere from: $144K - $786 = Average: $465K
Costs include: Building, lease, marketing, etc. all in.
Financing: $465K * 20% down = $93K down, loan for $372,000 = $4,916 a month for 10%, 10
START UP COST: $93,000
HOW MUCH CAN WE MAKE/CASHFLOW
Average Gross Sales per Franchise: $1,250,000 a year - $104,166 a month - $26,041 a week - $3,720 a day
Average Profit Margin: 15% = $187,500 a year - $15,625 a month - $3,906.25 a week.
Costs: Royalty fee of 6.5%, and other fixed and variable expenses with operating restaurant.
Positives of this business:
Profitable
Scalable - buy another franchise
Marketing help
Negatives:
Employees
Not Absentee
Brand Protection and Creativity
How to Start: Visit Jersey Mike’s Website for full details.