Coach Dunn
How can I open a Jimmy John’s franchise? Jimmy John’s actively seeks highly qualified individuals to become franchisees. Prior business experience, coupled with personal financial qualifications, individual motivation and a track record of success are important factors in our evaluation process. If you are interested in pursuing single or area development opportunities as a Jimmy John’s franchisee, please read the information below and be sure to complete the contact form at the end.
Jimmy John's Franchise Financial Details, Costs and Fees Jimmy John’s franchisees pay an initial franchise fee of $35,000. Fees for subsequent stores are $30,000 respectively. Individuals typically need a minimum of $80,000 in non-borrowed personal resources to qualify for financing thru third-party lending sources, Jimmy John’s does not provide financing. The total cost of each unit varies by size and location. Royalty and continuing services fees are 6% of gross sales. Advertising fees are 4.5%.
Company Information What is the typical size of a Jimmy John’s location? The average size of a location is 1,200 - 1,800 square feet. What are the average annual sales of a Jimmy John’s store? Average 2014 annual sales were $1,367,810. You are welcome to contact existing franchisees to find out what their sales are. Most franchisees are willing to discuss such information with you once it is determined that you are serious about investing in a Jimmy John’s franchise. What kinds of training can I expect as a franchisee? All new franchisees participate in an intense 17-day training, then they must enroll in a 4-week mandatory apprenticeship program.
Why Jimmy Johns? I would like to own a Jimmy Johns franchise because I enjoy deli sandwiches and their sandwiches are good. The franchise fees are expensive but reasonable for a successful chain. The average annual sales also seem like an amount that would make me a lot of money on a yearly basis. They also provide good training opportunities and it seems like they want to help you be successful.