2026 FDD Issued Apr 10, 2026, amended Aug 26, 2026 Minnesota Commerce (CARDS) Checked Oct 23, 2026
Jersey Mike's Franchise Cost (2026)
A Jersey Mike's franchise costs an estimated $436,176 – $1,162,228 to open, according to Item 7 of the 2026 Franchise Disclosure Document (FDD). That total includes the $20,000 initial franchise fee (Item 5) and covers this format: Single Restaurant. Item 6 lists continuing royalty fee: 6.5% of Gross Receipts, subject to the conditions below.
- Total investment
- $436K – $1.16MItem 7 source and qualifications
- Franchise fee
- $20KItem 5 source and terms
- Royalty
- 6.5% of Gross ReceiptsItem 6 conditions and fee bases apply
- Brand fund
- 1% of Gross Receipts + 4% of Gross ReceiptsItem 6 conditions and fee bases apply
- Units (2025)
- 3,227Item 20 source and scope
- Franchise exit rate
- 0.4% / yrCalculated 3-year average; definition and source
What stands out about Jersey Mike's
The development fee is separate from the initial franchise fee even when only one restaurant is planned. Item 7 includes both charges, and its notes say the development payment is not applied toward the franchise fee. The distinction matters when comparing an upfront fee with the total opening budget.
The traditional-restaurant sales sample uses an operating-days eligibility requirement rather than including every location open at year-end. Non-traditional and newly opened locations are excluded under the source conditions. The reported average therefore describes the eligible sample rather than the results of every restaurant carrying the brand.
What are the initial franchise fees and financial requirements for Jersey Mike's?
Item 5 lists an initial franchise fee of $20,000 for Jersey Mike's. Check the cited Item 5 for payment timing, discounts and format-specific terms.
Item 5 (PDF pages 14-15) requires an Area Development Agreement even for one restaurant, with a non-refundable $10,000 development fee per planned restaurant that is not credited toward the initial franchise fee. A separate non-refundable $20,000 initial franchise fee is due when each franchise agreement is signed; in fiscal 2025 some existing franchisees paid a reduced $8,500. A non-refundable $10,000 Grand Opening Advertising fee is due with each franchise agreement, except when buying an existing restaurant. Pre-opening charges also include $4,500 to connect the POS system to the franchisor's private network, a POS license of $2,000 for one register or $4,000 for two, and a $750 credit card processing software fee. Certain qualified managers may receive financing under the Coach Rod Smith Program.
Source: Jersey Mike's 2026 FDD, Item 5, PDF p. 14.
This record lists no minimum net worth or liquid-capital requirement for Jersey Mike's, because no sourced figure has been recorded. Ask the franchisor for its current financial qualifications in writing.
How much does it cost to open a Jersey Mike's franchise? (Item 7)
Source: Jersey Mike's 2026 FDD, Item 7, PDF p. 22.
Item 7 of Jersey Mike's 2026 Franchise Disclosure Document estimates the total cost to open one single restaurant at $436,176 – $1,162,228. This total includes the initial franchise fee.
| Expense Category | Low ($) | High ($) |
|---|---|---|
| Development Fee | $10,000 | $10,000 |
| Initial Franchise Fee | $20,000 | $20,000 |
| Rent/Lease CAM/Taxes/Lease and Utility Security Deposits | $10,579 | $19,848 |
| Architectural Fees | $8,412 | $29,827 |
| Leasehold Improvements | $147,495 | $658,581 |
| Equipment/Furniture/Small Wares | $138,434 | $159,872 |
| Initial Inventory | $13,805 | $25,797 |
| Insurance | $4,125 | $21,670 |
| Transportation, Training Staff Salaries | $14,299 | $27,879 |
| Grand Opening Advertising | $10,000 | $10,000 |
| Exterior Signage | $12,087 | $38,838 |
| Interior Branding / Graphics | $3,507 | $10,419 |
| Uniforms, Office Equipment and Supplies, TVs/Stereo System/Security System | $6,116 | $19,458 |
| POS System | $7,500 | $15,000 |
| POS System Connection to Private Network | $4,500 | $4,500 |
| POS License Fee | $2,000 | $4,000 |
| Initial Credit Card Processing Software Fee | $750 | $750 |
| Professional fees (lawyer, accountant, etc.) | $4,577 | $28,234 |
| Business Licenses and Permits | $500 | $25,000 |
| Additional Funds for 3 months | $17,490 | $32,555 |
| Total | $436,176 | $1,162,228 |
For comparison, the median high-end investment among 25 restaurants & food records without a source-review hold is $1,297,100.
Item 7 (PDF pages 22-23) prints $436,176-$1,162,228. It includes both a $10,000 Development Fee and a $20,000 Initial Franchise Fee. The development payment is not credited toward the initial franchise fee. Additional funds for three months are $17,490-$32,555; the table and notes retain format and site assumptions.
What ongoing royalties and fees does Jersey Mike's charge? (Item 6)
Source: Jersey Mike's 2026 FDD, Item 6, PDF p. 15.
Item 6 of Jersey Mike's 2026 FDD lists the charges below. Recurring charges and charges triggered by a transfer, renewal or other event have different conditions. Read each fee’s basis and notes before comparing rates.
How to read an Item 6 fee table.
| Fee Type | Amount / Rate | Payment Frequency | Notes & Source |
|---|---|---|---|
| Continuing Royalty Fee | 6.5% of Gross Receipts | Every period | 6.5% of Gross Receipts, paid weekly by wire or ACH; the franchisor may change the payment frequency. Gross Receipts is defined in Item 6 note 1 (PDF page 19). (Item 6, PDF p. 15) |
| Grand Re-Opening Advertising | $5,000 | When it applies | For a franchisor-approved relocation; spent during the first month after the restaurant reopens. (Item 6, PDF p. 15) |
| Corporate Advertising and Development Fund | 1% of Gross Receipts | Every period | Currently 1% of Gross Receipts, paid with the royalty. Each fund contribution may be raised to as much as 6% on 90 days' notice, but the two fund contributions together will not exceed 6% of Gross Receipts (Item 6 note 3, PDF page 20). (Item 6, PDF p. 15) |
| National Media Fund | 4% of Gross Receipts | Every period | 4% of Gross Receipts, paid with the royalty; combined with the Corporate Advertising and Development Fund, contributions will not exceed 6%. Amounts may be reallocated between the two funds. (Item 6, PDF p. 15) |
| Audit | Varies | When it applies | Cost of the audit plus interest on the underpayment, payable only if the audit shows Gross Receipts were understated by at least 2%. (Item 6, PDF p. 16) |
| Management Fee | 5% of Gross Receipts | When it applies | 5% of Gross Receipts collected, plus the franchisor's costs, if the franchisor operates the restaurant on an interim basis after abandonment, an uncured default, the death or disability of the owner, or expiration or termination. (Item 6, PDF p. 16) |
| Interest | Varies | When it applies | Highest lawful rate for open-account business credit, not to exceed 1.5% per month, on amounts owed to the franchisor or its affiliates. (Item 6, PDF p. 16) |
| Late Fees | Varies | When it applies | The greater of $25 per instance or 5% of the late payment, due 5 days after the due date. (Item 6, PDF p. 16) |
| Approval of Alternative Supplier or Product | Varies | When it applies | Actual cost of inspection and testing for a supplier or product the franchisor has not approved. (Item 6, PDF p. 16) |
| General Contractor and Architect Approval | $5,000 | When it applies | $5,000 for each general contractor or architect not on the approved lists, when construction or a relocation begins; may be waived. (Item 6, PDF p. 16) |
| Monthly Software License Fee and Support Package | $395 per month | Every period | Currently $395 per month for the point-of-sale software, licensing, upgrades and help desk; may increase up to $795 per month and change with third-party costs. (Item 6, PDF p. 16) |
| Secure Network Fee | $39.85 per month | Every period | $39.85 per month for processing credit cards and transferring sales data; most of it is paid to the designated vendor. (Item 6, PDF p. 17) |
| Teamworx Software Fee (Optional) | $59.99 per month | When it applies | $59.99 per month only if the franchisee chooses Teamworx labor management software; may change with the vendor's costs. (Item 6, PDF p. 17) |
| Gift Card Program | $9.50 per month | When it applies | $9.50 per month, collected by ACH and paid to the designated vendor; may change with direct costs. (Item 6, PDF p. 17) |
| Third-Party Delivery Fee | Varies | When it applies | $6.00-$9.00 per small-order delivery and $29-$41 per large-order delivery, depending on distance, when the restaurant uses the delivery program. (Item 6, PDF p. 17) |
| Online Ordering Fees | Varies | When it applies | Currently $0.2921 per transaction plus 3.74% of each sale made through the franchisor's website, covering card processing, licensing, e-commerce and related costs. (Item 6, PDF p. 17) |
| Third-Party Order Fees | Varies | When it applies | $0.2921 per third-party transaction for order integration, software development and maintenance. (Item 6, PDF p. 17) |
| Text Message Fees | Varies | When it applies | Currently $0.025 per text message if the franchisee sends texts to its customer lists. (Item 6, PDF p. 18) |
| Transfer Fee | $15,000 | When it applies | Per restaurant transferred, at closing; does not apply to an assignment to an entity solely owned by the franchisee, although direct costs may be charged. The buyer and two designees must complete training (Item 6 note 9). (Item 6, PDF p. 18) |
| Successor Franchise Fee | $20,000 | When it applies | Payable before the Franchise Agreement expires as a condition of obtaining a successor franchise. (Item 6, PDF p. 18) |
| Replacement Training | $2,500 | When it applies | Up to $2,500 per replacement trainee for Phases 1 and 3, paid in advance; initial Phase 1-3 training has no fee apart from expenses. (Item 6, PDF p. 18) |
| Additional Assistance | Varies | When it applies | $75 per hour plus expenses for additional on-site assistance; three days in the first month of operation are provided at the franchisor's cost. (Item 6, PDF p. 18) |
| Continuing Education | Varies | When it applies | The franchisee's and employees' expenses for refresher programs, required no more than twice a year and for no more than 4 days. (Item 6, PDF p. 18) |
| Maintenance | Varies | When it applies | Cost of maintenance the franchisor performs if the franchisee does not maintain the premises within 30 days of notice. (Item 6, PDF p. 18) |
| Insurance | Varies | When it applies | Premiums the franchisor pays for required coverage the franchisee does not obtain, plus reimbursement of its expenses. (Item 6, PDF p. 18) |
| Cost of Enforcement or Defense | Varies | When it applies | All costs, including attorneys' fees, if the franchisor prevails; in-house counsel time is charged at $300 per hour. (Item 6, PDF p. 19) |
| Relocation Fee | $5,000 | When it applies | $5,000 per approved relocation request, plus reimbursement of the franchisor's costs. (Item 6, PDF p. 19) |
| Indemnification | Varies | When it applies | All costs, including attorneys' fees, for claims arising from the restaurant's operation. (Item 6, PDF p. 19) |
| Liquidated Damages | Varies | When it applies | Average monthly royalty and fund contributions for the 12 months before termination, multiplied by the lesser of 36 or the months remaining in the term (Item 6 note 17, PDF page 22). (Item 6, PDF p. 19) |
Among the published restaurants & food records with comparable flat royalties, the median is 6%; Jersey Mike's lists 6.5%. This is the site’s sample, not an industry-wide estimate.
Explore annual fees and payback assumptions
Start with the recorded Jersey Mike's inputs, then enter your own operating costs and sales assumptions. The result is a scenario, not an FDD profit forecast.
Jersey Mike's startup investment and modeled fees over 10 years
Over a 10-year period, startup investment plus modeled recurring fees for Jersey Mike's total approximately $2,061,073 – $2,787,125. Based on the average unit volume (gross receipts) for traditional franchised restaurants disclosed in Item 19 ($1,367,578, 2025), recurring fees come to about $162,490 a year:
| Expense Component | Low ($) | High ($) |
|---|---|---|
| Startup investment (Item 7) | $436,176 | $1,162,228 |
| Recurring fees × 10 years (Item 6) | $1,624,897 | $1,624,897 |
| Startup + modeled fees | $2,061,073 | $2,787,125 |
Calculated model, not a disclosed FDD total. Assumes flat sales at the disclosed figure. Excludes rent, payroll, food or product costs and taxes, which the FDD does not set. Change the assumptions in the calculator · Estimate your payback for Jersey Mike's.
Source: Jersey Mike's 2026 FDD, Item 7 (startup inputs), PDF p. 22.
Source: Jersey Mike's 2026 FDD, Item 6 (fee inputs), PDF p. 15.
Source: Jersey Mike's 2026 FDD, Item 19 (sales input), PDF p. 57.
Item 20: Jersey Mike's franchised outlet history
Source: Jersey Mike's 2026 FDD, Item 20, PDF p. 64.
Item 20 Table 3 reports 3,201 franchised outlets at the end of 2025. The company-owned table reports a further 26 outlets. Our calculated average annual franchised exit rate is 0.4% across the 3 reported years, using the definition below.
| Year | Franchised at Start | Opened | Reported Exits | At End | Franchise Exit Rate (%) |
|---|---|---|---|---|---|
| 2023 | 2,361 | 296 | 10 | 2,647 | 0.4% |
| 2024 | 2,647 | 319 | 11 | 2,955 | 0.4% |
| 2025 | 2,955 | 259 | 13 | 3,201 | 0.4% |
Franchised units went from 2,361 to 3,201 over 3 years (+840).
Reported exits include terminations, non-renewals, franchisor reacquisitions and other cessations. A reacquired outlet may continue operating. How we calculate the exit rate. How to read the Item 20 outlet tables. Compare Jersey Mike's exit rate with other brands.
218 units changed owners in 2025.
Item 20 Table 3 (PDF pages 61-64) prints national totals on PDF page 64. Its footnote says 8 affiliate-owned outlets were redesignated as franchised outlets opened in 2025 after the Blackstone acquisition. Company-owned counts are affiliate-owned restaurants (Table 4, PDF pages 64-65); transfers come from Table 2 (PDF pages 58-60).
How much do Jersey Mike's franchise owners make? (Item 19)
Source: Jersey Mike's 2026 FDD, Item 19, PDF p. 57.
Item 19 of the 2026 FDD reports average Unit Volume (Gross Receipts) for Traditional Franchised Restaurants of $1,367,578 (2025, 2,606 traditional franchised restaurants operating full year). Jersey Mike's Item 19 reports sales but no profit, costs or owner pay. Rent, payroll, supplies, loan payments and Item 6 fees such as the royalty (6.5% of Gross Receipts) come out of sales before an owner is paid, so these figures cannot show what an owner earns.
See every Jersey Mike's Item 19 figure, with its period and sample.
Estimate your payback for Jersey Mike's using Item 7 startup costs and Item 6 fee rules.
How to interpret Jersey Mike's Item 19 figures and sample limits.
How long is the Jersey Mike's franchise agreement term?
Source: Jersey Mike's 2026 FDD, Item 17, PDF p. 48.
The standard Jersey Mike's franchise agreement runs 10 years, with renewal terms of 10 years.
Item 17 (PDF page 48): the term ends 10 years after the restaurant opens. A franchisee that has complied with the agreement may renew once for 10 years by meeting the successor-franchise conditions, including a $20,000 fee.
How long does it take to open a Jersey Mike's franchise? (Item 11)
Source: Jersey Mike's 2026 FDD, Item 11, PDF p. 32.
Item 11 of the 2026 FDD states the time from signing the franchise agreement to opening: approximately 9 months, or approximately 12 months when developing a restaurant under an Area Development Agreement.
Compare Jersey Mike's with other franchises
Head-to-head FDD cost, fee, and earnings comparisons:
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Frequently Asked Questions about Jersey Mike's
- How much does it cost to open a Jersey Mike's restaurant?
- Item 7 of the 2026 FDD estimates $436,176 – $1,162,228 for one restaurant, including a development fee and the initial franchise fee of $20,000. Leasehold improvements are the widest line in the estimate.
- What ongoing fees does Jersey Mike's charge?
- Item 6 lists a royalty of 6.5% of Gross Receipts and two advertising fund contributions that together cannot exceed a stated cap, plus monthly software and network fees. Online ordering, delivery and other fees depend on how the restaurant operates.
- How long is a Jersey Mike's franchise agreement?
- The franchise agreement runs 10 years from the restaurant's opening. Item 17 allows one renewal term if the franchisee has complied with the agreement and meets the successor conditions.
- What does Jersey Mike's report in Item 19?
- Item 19 reports an average unit volume of $1,367,578 for traditional franchised restaurants open for most of 2025. Non-traditional and recently opened restaurants are excluded, and the figure is sales before costs.
Sources
A SUB ABOVE, LLC Franchise Disclosure Document, issued April 10, 2026, as amended August 26, 2026, as filed with the Minnesota Commerce (CARDS). Read the source FDD PDF. How to get this FDD yourself.
- Item 5: cited PDF p. 14
- Item 6: cited PDF p. 15
- Item 7: cited PDF p. 22
- Item 19: cited PDF p. 56
- Item 20: cited PDF p. 64
- Agreement term (Item 17): cited PDF p. 48
Page references for Jersey Mike's use the PDF viewer's digital page count, not printed page headers. Some viewers download the document instead of opening the referenced page.
If the state document viewer does not open, use Minnesota Commerce's public filing instructions to look up the filing by franchisor name and document date.
Document & verification changelog
- October 29, 2026: Record updated.
- October 28, 2026: Replaced a broken state PDF link with the August 26, 2026 Clean FDD filing. The replacement PDF matches the previously checked local document by SHA-256; the disclosed figures did not change.
- October 23, 2026: Source check completed against the recorded FDD.
- October 23, 2026: Complete source recheck against the April 10, 2026 FDD as amended August 26, 2026: cover, Item 1, Item 5, all 29 Item 6 rows and notes (PDF pages 15-22), every Item 7 row and total, Item 17, Item 19 and Item 20 Tables 1-4. Replaced the Item 6 schedule, which had misstated the software, insurance and liquidated-damages terms and omitted most rows; removed liquid-capital and net-worth figures that had no FDD or exact website source; corrected the Item 20 page. The source hold is cleared.
- October 19, 2026: Source review hold recorded: The October 19 review corrected financial-performance and source references, and clarified the separate development and initial franchise fees. A complete independent source recheck of the remaining record sections is still pending. The historical source-check date is not renewed by this targeted review.
- October 16, 2026: Initial cost profile published from the 2026 Franchise Disclosure Document (issued April 10, 2026).
- August 26, 2026: Amendment date recorded for the source FDD.