Jersey Mike's franchise: cost, fees & unit track record
Opening a Jersey Mike's franchise takes $185,903 – $1,417,592 all-in, per its franchise disclosure filings (data as of 2026-05). The initial franchise fee is $46,500 – $48,500. Ongoing, franchisees pay a royalty of 7% on sales plus an ad-fund contribution of up to 5%. To qualify, Jersey Mike's asks for $100,000 in liquid cash and a $300,000 net worth. Anything the filings do not state is marked "Not disclosed" below — never estimated.
Jersey Mike's franchise costs and fees
| Verification mark | Cost item | Low | High | Range |
|---|---|---|---|---|
| Initial franchise feeOne-time, paid to the franchisor at signing | $46,500 | $48,500 | $46,500 to $48,500 | |
| Initial investment (all-in)FDD Item 7-derived range: build-out, equipment, opening costs | $185,903 | $1,417,592 | $185,903 to $1,417,592 | |
| Net worth requiredFranchisor's stated qualification minimum | $300,000 | $300,000 | $300,000 | |
| Liquid cash requiredFranchisor's stated qualification minimum | $100,000 | $100,000 | $100,000 | |
| Cash to open (all-in range) | $185,903 | $1,417,592 | $185,903 to $1,417,592 |
| RoyaltyOngoing, % of sales | 7% |
|---|---|
| Ad fundOngoing, % of sales | Up to 5% |
| Initial termLength of the first franchise agreement | 10 years |
See the full Jersey Mike's cost breakdown — what's in that number and what isn't
How Jersey Mike's's cost compares
A dollar figure means more with a yardstick. Here is where Jersey Mike's's disclosed cost sits against the Food & Beverage category:
- Minimum startup cost of $185,903 — about 34% below the Food & Beverage median of $282,500.
- Initial franchise fee of $46,500 — about 1.3× the Food & Beverage median of $35,000.
Category medians are computed from the Food & Beverage brands in our data that disclosed each figure — a benchmark for scale, not a quality judgment. See all Food & Beverage franchises
Free info kit — costs, fees, and unit track record. You choose who may follow up.
Figures look outdated? Report outdated info.
How Jersey Mike's's units have held up
Openings and closures from FDD Item 20-style unit history, 2012–2022: began the window at 483 units; 1,878 units opened, 99 closed, ending at 2,361 units. (partial records: 2018 is not in the source data — totals span the reported years only.)
What about earnings?
We don't publish per-brand earnings figures — for Jersey Mike's or anyone else. The only primary source is Item 19 of the brand's own franchise disclosure document (FDD), and no law requires a franchisor to publish one, so the "average owner income" numbers circulating elsewhere are usually unsourced or survivorship-biased. Ask Jersey Mike's for its current FDD and read Item 19 yourself — and if there is no Item 19, that silence is information too.
What this data can't tell you
Everything on this page comes from disclosure filings — fees, ranges, and unit counts. Four questions that matter just as much are not in any filing we can source, so we say so instead of guessing:
- The hours and the labor
- No dataset field says whether Jersey Mike's is a manage-from-a-laptop business or a 60-hour week in disguise. Item 15 of the FDD states whether you're obligated to run the business personally, and Item 11 lists what the franchisor actually does for you — then ask current owners what their week looks like (validation calls), not the sales team.
- How hands-on the ownership really is
- "Semi-absentee" is a pitch, not a filing field. Treat any hands-off claim as unverified until it's consistent with Item 15 and with what multiple current franchisees tell you — what absentee ownership actually means.
- Your territory — whether it's protected, and whether it's open
- Two territory questions sit outside our data. Whether Jersey Mike's grants a protected or exclusive area is set in Item 12 of the FDD and varies brand to brand — some grant none, and the carve-outs (online sales, national accounts) matter as much as the map. And filing data can't say what's open in your market this month; only Jersey Mike's can confirm current availability. Ask both before you inquire, and get the answer in writing.
- What owners earn
- Covered honestly above: our dataset has no earnings fields, the only primary source is the brand's own Item 19, and here is how to read that evidence.
About the Jersey Mike's franchise
Jersey Mike's is a food & beverage franchisor with 2,361 units at the end of 2022 (FDD Item 20-style unit history). Between 2012 and 2022, it began the window at 483 units; its filings record 1,878 unit openings and 99 closures, ending at 2,361 units (partial records: 2018 is not in the source data — totals span the reported years only). Its parent company is Jersey Mike’s Funding, LLC. The filings indicate financing options are available; terms come from the franchisor, not from us.
Disclosure filings report 2 franchise-related lawsuits. Review Item 3 of the FDD. (as of 2026-05)
From the franchisor's materials
A SUB ABOVE, LLC (the "Company") offers franchises for the establishment, development, and operation of restaurant facilities for the on-premises and off-premises consumption of a wideassortment of made-to-order submarine type sandwiches, other sandwiches and related food products andbeverages
Jersey Mike's franchise: quick answers
- How much does a Jersey Mike's franchise cost?
- $185,903 – $1,417,592 all-in to open, per Jersey Mike's's franchise disclosure filings (data as of 2026-05).
- How many Jersey Mike's units are there?
- 2,361 units at the end of 2022 (FDD Item 20-style unit history).
- How have Jersey Mike's's units held up?
- 98.7% of units at risk between 2020 and 2022 did not close, per our metric recomputed from FDD Item 20-style unit history (methodology published on our verification page).
- Is Jersey Mike's SBA-eligible?
- Jersey Mike's is flagged SBA-eligible in our dataset (as of 2026-05). Confirm current status on the SBA Franchise Directory before relying on it for financing.