Key accomplishments: I became a Domino's Pizza store manager in Alhambra, Calif. within the year, still 18 years old. 2. 20’ minimum. Jersey Mike's Subs to capture the authenticity of where the authentic sub sandwich was born. The franchising company is privately owned by Peter Cancro, who at age 17 purchased the original location and has since turned it into a national franchise. To buy a franchise with Jersey Mike’s, you'll need to have at least $100,000 in liquid capital. First job: My first job was in the restaurant business at age 18. Jersey Mike’s Subs started as Mike’s Subs in 1956 in Point Pleasant, New Jersey. Starting as a small sub sandwich shop in the seaside town of Point Pleasant, NJ in 1956, Jersey Mike’s Franchise Systems Inc. now oversees approximately 1800 sub sandwich franchises and catering locations across the United States. According to McDonald’s, they advise you have at least $500,000 non-borrowed personal resources to qualify for a franchise. SWOT analysis of Jersey Mike’s Subs analyses the brand/company with its strengths, weaknesses, opportunities & threats. This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. Jersey Mike's Franchise Insurance Requirements - COMPLIANCE ACTION REQUIRED 1 week 24027 - Palmer Foods, L.L.C. In 1972, a high school kid named Peter Cancro took a job there and loved the authentic submarine sandwiches. It is for informational purposes only. If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction. Thank you for your interest. I invite you to review the following pages and videos to explore what so many other people have discovered about this exciting business opportunity. Below is an in-depth analysis and side-by-side comparison of Tubby's Sub Shops vs Jersey Mike's Submarines & Salads including start-up costs and fees, business experience requirements, training & support and financing options. Based on the McDonald’s Franchise Disclosure Document, you should have a total investment starting at $1,314,500. A typical Jersey Mike’s franchise cost is estimated at $169,001 to $804,045. Jersey Mike’s Franchise Cost. Jersey Mike’s Subs is an American-based sub sandwich chain. This is a pre-condition all franchisees must meet to be taken seriously. There’s really no secret to owning a successful Jersey Mike’s franchise. Area Development Agreement: $50,000 to $120,000 For those who might need financial assistance, Jersey Mike’s doesn’t offer financing, lease, or obligation. 11. Jersey Mike's was founded on the Jersey Shore in 1956. Excellent Growth Opportunity - Newer Store, Absentee Run, Excellent Opportunity for owner operator to increase sales and profits - turn key operation. Jersey Mike’s standard sign to max size per code. Franchisees can expect to make a total investment of $177,943 - $592,851 . For instance, when a new store opened up in Keizer, Oregon, the local Statesman Journal noted wait times of up to three hours on opening day, and even a month after opening waits of up to 30 minutes.. And while the company earns perennially good reviews — according to Business Insider it topped the list of America's favorite burger chains in 2019 – it's not a … Zoës Kitchen is a natural extension of Zoë Cassimus' lifetime of cooking for family and friends. Today, Peter Cancro is CEO of Jersey Mike's Franchise Systems Inc., overseeing 350+ franchise restaurants. Jersey Mike’s charges a franchise fee of $18,500 . Despite the title, Peter still jumps behind the counter to test his skills and demonstrate his passion for the product and the customer. The article also covers top Jersey Mike’s Subs competitors and includes Jersey Mike’s Subs target market, segmentation, positioning & Unique Selling Proposition (USP). About Jersey Mike’s. The first Jersey Mike's Super Sub was created in Point Pleasant, New Jersey, on the Jersey Shore in 1956. It can go upwards to $2,306,500. Jeremy and his wife Sarah each bring over 20 years of franchising experience MILWAUKEE (June 2, 2020) — Cousins Subs today announced that TMart Operations I, LLC, represented by Company President Jeremy Alsaker, is the proud new owner of the Cousins … You’ll also have to pay a franchising fee of $45,000. With a Jersey Mike’s franchise, you can own a business that capitalizes on this solid tradition and excellent reputation for giving customers what they want – great food that is fresh, fast and affordable. 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