Jersey Mike's franchise
Jersey Mike's is a sub sandwich chain that slices meats and cheeses to order, serving cold and grilled subs, wraps and salads for dine-in, carryout and catering. The concept grew from a single shop on the Jersey Shore. At the end of 2025 there were 3,227 Jersey Mike's locations in the US, 3,201 franchised and 26 company-owned.
- Cost to open
- $436K–$1.16M
- Franchise fee
- $20,000
- Royalty
- 6.5%
- Locations, 2025
- 3,227+840 in 3 yrs
Compare with similar brands Estimate your costs
Company snapshot
- Franchisor based in
- Tinton Falls, New Jersey
- Time to open
- About 9 months after signing
- Agreement length
- 10 years
- Financing
- None offered
From A Sub Above, LLC’s 2026 filing.
How much a Jersey Mike's franchise costs
Opening one Jersey Mike's restaurant costs an estimated $436,176 to $1,162,228. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: A Sub Above, LLC, 2026 filing, page 23
Jersey Mike's franchise fee
The franchise fee is $20,000, per restaurant, plus a $10,000 development fee per restaurant under the area development agreement and a $10,000 grand opening advertising fee. You pay it when you sign the franchise agreement.
Source: A Sub Above, LLC, 2026 filing, page 14
Royalty and ongoing fees
| Royalty | 6.5% of gross receipts, paid weekly. |
|---|---|
| Brand or marketing fund | Currently 1% of gross receipts to the advertising and development fund; together with the national media fund, up to 6% of gross receipts. |
Source: A Sub Above, LLC, 2026 filing, page 15
Sales and earnings
Shares figures Jersey Mike's publishes sales or earnings figures for its locations: it reports 2025 unit volumes for traditional franchised restaurants open more than 360 days. The full tables, with notes on which locations are counted, are in its filing.
Source: A Sub Above, LLC, 2026 filing, page 56
Locations opened and closed
| Year | Franchised | Company-owned | Closed |
|---|---|---|---|
| 2023 | 2,647 (+286) | 28 | 10 |
| 2024 | 2,955 (+308) | 34 | 11 |
| 2025 | 3,201 (+246) | 26 | 13 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
Source: A Sub Above, LLC, 2026 filing, page 58
How Jersey Mike's compares
Of the 46 fast food franchises on this site, Jersey Mike's is the 15th cheapest to open and the 15th largest by number of locations.
| Measure | Jersey Mike's | Typical fast food |
|---|---|---|
| Cost to open, low end | $436K | $701K |
| Royalty | 6.5% | 5% |
| Closed or left per year | 0.4% | 2% |
| Change in franchised locations, 3 yrs | +35.6% | +6.3% |
| Shares earnings figures | Yes | 39 of 46 |
Typical is the median across the 46 brands in fast food franchises.
Other fast food franchises
Jersey Mike's franchise questions
How long does it take to open a Jersey Mike's?
About 9 months after signing, according to Jersey Mike's's 2026 filing. Finding a site, permits and build-out are what usually stretch it.
Does Jersey Mike's help with financing?
No. Jersey Mike's does not offer financing or guarantee loans or leases, so buyers arrange their own, usually a bank or SBA loan.
How long is a Jersey Mike's franchise agreement?
The initial term is 10 years. Renewal is usually possible if you're in good standing, often for a fee and a remodel.
Is Jersey Mike's growing or shrinking?
Over the last 3 years 874 franchised locations opened and 34 closed or left, a net change of +35.6%. About 0.4% of locations closed or left each year. That is below the 2% typical for fast food franchises.
How does Jersey Mike's compare with other fast food franchises?
Of the 46 fast food franchises here, Jersey Mike's is the 15th cheapest to open (low end $436K against a $701K median) and the 15th largest by number of locations. Its 6.5% royalty is above the 5% median.
Does Jersey Mike's say how much franchisees make?
Yes: it reports 2025 unit volumes for traditional franchised restaurants open more than 360 days. Your results can differ; the filing explains which locations are counted.
Where is Jersey Mike's based?
A Sub Above, LLC is based in Tinton Falls, New Jersey.