Jersey Mike's franchise cost 2026
From the 2026 Franchise Disclosure Document of A Sub Above, LLC, registered in Wisconsin (filing 640926, effective 4/10/2026). Every number links to the page it was read from.
| Total initial investment | $436,176 to $1,162,228 | p.23 |
| Initial franchise fee | $20,000 | p.14 |
| Royalty | 6.5% of Gross Receipts | p.15 |
| Advertising fund | not stated | |
| Item 19 financial performance | Unit Volume: $1,367,578 | p.57 |
| Units, end of 2025 | 3,227 | p.58 |
Units by year (Item 20, Table 1)
| Type | Year | Start | End | Net change | |
|---|---|---|---|---|---|
| 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 (Item 20, 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 |
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 |
Item 19: what the filing says about revenue
Jersey Mike's reports Unit Volume of $1,367,578 across 2606 outlets.p.57
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 | rank 4 of 10 |
| Royalty plus ad fund | 6.5% | rank 3 of 10 |
| Three-year unit growth | 35.2% | rank 1 of 12 |
| Closure rate, 2025 | 0.4% | rank 10 of 11 (1 = most) |
| Discloses unit revenue | yes | |
| Litigation disclosed | held | held |
Litigation (Item 3)
Item 3 has not been read for this filing yet, or the two readers disagreed and it is held for review.
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Every recurring fee, the Item 19 method and what it leaves out, three years of openings, closures and transfers, litigation and bankruptcy items, territory and renewal terms, and the questions to ask existing Jersey Mike's franchisees based on this filing. What's in the report.
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Provenance
Source: Wisconsin Department of Financial Institutions franchise filing 640926, effective 4/10/2026, expires 4/10/2027. Extracted 2026-09-03 by two independent passes; only figures both passes agreed on and that appear verbatim on the cited page are shown. 3 field(s) held back as unresolved. Arithmetic checks flagged: Item 20 Table 3 does not foot for 2025: start + opened - closures = 5,534, filing states 3201. How this works.