Highlights
- Every week, 6.5% of gross sales goes to the franchisor before rent, food or labor: royalty 6.5% of Gross Receipts.p.15
- Opening one unit is estimated at $436,176 to $1,162,228, including a $20,000 initial fee.p.23
- Jersey Mike's discloses unit performance in Item 19: Unit Volume of $1,367,578.p.57
- The system went from 2,387 outlets at the start of 2023 to 3,227 at the end of 2025, a net gain of 840.p.58
- In 2025, closures of all kinds equalled 0.4% of the outlets open at the start of the year.
Tools, from this filing's numbers
What Jersey Mike's takes off the top
Royalty 6.5% of Gross Receipts, applied to your own sales estimate. The rates are the filing's; the sales are yours.
Preset to the filing's Item 19 figure, $1,367,578 a year.p.57
Cash you would need to open
The filing's Item 7 range, $436,176 to $1,162,228, is an estimate for one unit including only its first months. Slide between the low and high cases and add the months of runway you want beyond that.
Monthly operating cash is taken as one-twelfth of your weekly-sales figure above times 52, a placeholder for rent, labor and food until you have your own budget.
Where the units went in 2025
Every outlet that opened, and every one that left, drawn from Item 20 Table 3 to scale.p.64
Total outlets, 2022 to 2025
Compare Jersey Mike's with another brand
Side by side, every figure cited.
Fees (Items 5 and 6)
| Initial franchise fee, standard | $20,000 | p.14 |
| Royalty | 6.5% of Gross Receipts | p.15 |
| Advertising fund | not stated | |
| Technology fee | Currently, $395/month, but may increase up to $795/month | p.16 |
The filing lists every recurring and conditional fee in Item 6. The report carries all of them.
Estimated initial investment (Item 7)
| Expenditure | Low | High | |
|---|---|---|---|
| Development Fee | $10,000 | $10,000 | p.22 |
| Grand Opening Advertising | $10,000 | $10,000 | p.22 |
| Initial Franchise Fee | $20,000 | $20,000 | p.22 |
| Rent/Lease CAM/Taxes/Lease and Utility Security Deposits | $10,579 | $19,848 | p.22 |
| Architectural Fees | $8,412 | $29,827 | p.22 |
| Leasehold Improvements | $147,495 | $658,581 | p.22 |
| Equipment/Furniture/Small Wares | $138,434 | $159,872 | p.22 |
| Initial Inventory | $13,805 | $25,797 | p.22 |
| Insurance | $4,125 | $21,670 | p.22 |
| Training | $14,299 | $27,879 | p.22 |
| Exterior Signage | $12,087 | $38,838 | p.22 |
| Interior Branding / Graphics | $3,507 | $10,419 | p.22 |
| Uniforms, Office Equipment and Supplies, TVs/Stereo System/Security System | $6,116 | $19,458 | p.23 |
| POS System | $7,500 | $15,000 | p.23 |
| POS System Connection to Private Network | $4,500 | $4,500 | p.23 |
| POS License Fee | $2,000 | $4,000 | p.23 |
| Initial Credit Card Processing Software Fee | $750 | $750 | p.23 |
| Professional fees (lawyer, accountant, etc.) | $4,577 | $28,234 | p.23 |
| Business Licenses and Permits | $500 | $25,000 | p.23 |
| Additional Funds for 3 months | $17,490 | $32,555 | p.23 |
| Total | $436,176 | $1,162,228 | p.23 |
Revenue (Item 19)
Jersey Mike's reports Unit Volume of $1,367,578 across 2606 outlets.p.57 What the figure measures, which units were excluded and what it leaves out are in the report.
Units (Item 20)
| Type | Year | Start | End | Net | |
|---|---|---|---|---|---|
| franchised | 2023 | 2,361 | 2,647 | 286 | p.58 |
| company owned | 2023 | 26 | 28 | 2 | p.58 |
| total | 2023 | 2,387 | 2,675 | 288 | p.58 |
| franchised | 2024 | 2,647 | 2,955 | 308 | p.58 |
| company owned | 2024 | 28 | 34 | 6 | p.58 |
| total | 2024 | 2,675 | 2,989 | 314 | p.58 |
| franchised | 2025 | 2,955 | 3,201 | 246 | p.58 |
| company owned | 2025 | 34 | 26 | -8 | p.58 |
| total | 2025 | 2,989 | 3,227 | 238 | p.58 |
Openings and closures, system totals (Table 3)
| Year | Start | Opened | Terminated | Non-renewed | Reacquired | Ceased, other | End | |
|---|---|---|---|---|---|---|---|---|
| 2023 | 2,361 | 296 | 0 | 0 | 0 | 10 | 2,647 | p.64 |
| 2024 | 2,647 | 319 | 0 | 0 | 6 | 5 | 2,955 | p.64 |
| 2025 | 2,955 | 2,592 | 0 | 0 | 0 | 13 | 3,201 | p.64 |
Arithmetic checks flagged: Item 20 Table 3 does not foot for 2025: start + opened - closures = 5,534, filing states 3201. The figures shown are as filed.
Litigation (Item 3)
Item 3 has not been read for this filing yet, or the two readers disagreed and it is held for review.
Scorecard
Rank among the brands on this site that report the figure, on each list's own direction. No blended grade. How the lists work.
| Cost to open | $436,176 | 40 of 74 |
| Royalty plus ad fund | 6.5% | 14 of 59 |
| Three-year unit growth | 35.2% | 8 of 75 |
| Closure rate, 2025 | 0.4% | 64 of 71, 1 = most |
| Discloses unit revenue | yes | |
| Litigation disclosed | held | held |
Source
Wisconsin Department of Financial Institutions franchise filing 640926, effective 4/10/2026, expires 4/10/2027. Extracted 2026-09-04 by two independent readers; only figures both agreed on, whose quoted words appear on the cited page, are shown. 6 fields held for review. How this works.