百大连锁店– Rank no.68 – 新移民致富之路

百大连锁店– Rank no.68 – 新移民致富之路


Top 250 Franchise by Entrepreneur – Rank no.68 – Jersey Mike’s Subs – US

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Products & Services: Submarine sandwiches

Number of Locations: 639

Total Investment: $243.33K – 492.73K

Founded: 1956

Began Franchising: 1987

About Jersey Mike’s Subs

The first Jersey Mike’s Super Sub was created in Point Pleasant, New Jersey, on the Jersey Shore in 1956.

Peter Cancro started working in the submarine sandwich business when he was 14 years old. At the age of 17, before state law allowed him to operate a slicing machine, Cancro bought the original Jersey Mike’s location.

 

Franchise Units

YEAR U.S. CANADIAN INTERNATIONAL COMPANY OWNED
2013 621 0 0 18
2012 566 0 0 18
2011 483 0 0 24
2010 430 0 0 22
2009 392 0 0 17
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.

Startup Costs, Ongoing Fees and Financing

Total Investment: $243,337 – $492,732
Franchise Fee: $18,500
Ongoing Royalty Fee: 6.5%
Term of Franchise Agreement: 10 years, renewable
FINANCIAL REQUIREMENTS

Net Worth: $300,000
Liquid Cash Available: $100,000

OPERATIONS

35% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 10 – 15. Absentee ownership of franchise is allowed. (85% of current franchisees are owner/operators).

FINANCING TYPE IN-HOUSE THIRD PARTY
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 5 days. At certified training location : 1-3 months.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,

Franchise Ranking History

Franchise 500®: #68 (2013), #81 (2012), #147 (2010), #168 (2009),
Fastest-Growing: #33 (2013), #48 (2012), #57 (2010),
Jersey Mike’s Subs
Jerseymikes.png
Type Private
Industry Restaurants
Founded Point Pleasant, New Jersey(1956)
Headquarters Manasquan, New JerseyU.S.
Key people Peter CancroFounder
Products Subs,
other food products
Website jerseymikes.com

Jersey Mike’s Subs is a submarine sandwich, or “sub", chain headquartered in Manasquan, New Jersey.[1] The Jersey Mike’sfranchise has more than 750 locations open and in development across the United States.

History[edit]

At age 14, Peter Cancro of Point Pleasant, New Jersey took a job at Mike’s, a neighborhood sandwich shop founded in 1956 and then on its third owner. When the shop went up for sale once again in 1975, Cancro’s mother suggested he buy it. With help from a high school football coach who was also a banker, Cancro, then 17 and a high school senior, managed to pull together $125,000 in three days. Today, Cancro is the owner and CEO of the company.[2]

Product[edit]

Like the original Mike’s store in 1956, each Jersey Mike’s Subs serves submarine sandwiches made to order, slicing the meats and cheeses as needed.

Prospective store managers are sent to the location of the original store in Point Pleasant for part of a six- to eight-week training course.