Restaurants
Fresh-sliced sub sandwiches and grilled cheesesteaks.
2026 FDD · typical shopping-center restaurant (1,000–2,000 sq ft)
FY2025 · normalized comparable-store AUV
2025
June 28, 2026 · worldwide
$436,176–$1,162,228
Opening costs vary by format, location and lease terms.
2026 FDD Item 7
Includes a $10,000 development fee in addition to the $20,000 initial franchise fee, $10,579–$19,848 for first-three-month rent/CAM/taxes and security deposits, and $17,490–$32,555 for three months of additional funds. Excludes international, non-traditional, standalone and drive-thru locations, debt service, living expenses and owner-manager salary.
Selected ongoing charges, not a complete fee schedule. Confirm the current FDD and the terms for your format.
$1,364,000
FY2025 · normalized comparable-store AUV
Revenue is sales before expenses, not owner income. Compare matching periods, formats and location samples.
3,227 U.S. locations (2025).
Jersey Mike’s reported 3,227 U.S. locations for 2025.
3,378 stores worldwide at June 28, 2026, including company-owned and franchised, traditional and nontraditional stores. The separately displayed U.S. count is from an earlier FDD census and is not directly comparable.
Existing locations do not establish that a new territory is available. Confirm your market with the franchisor.
$436,176–$1,162,228 for a typical U.S. retail shopping-center restaurant (approximately 1,000–2,000 square feet). Includes a $10,000 development fee in addition to the $20,000 initial franchise fee, $10,579–$19,848 for first-three-month rent/CAM/taxes and deposits, and $17,490–$32,555 for three months of additional funds. Excludes international, non-traditional, standalone and drive-thru locations, debt service, living expenses and owner-manager salary.
Jersey Mike’s reported 3,227 U.S. locations for 2025.
The issuer reported 3,378 stores worldwide at June 28, 2026, covering company-owned and franchised, traditional and nontraditional stores in the U.S. and Canada. This is distinct from the earlier FDD U.S. census. The issuer’s historical December 28, 2025 domestic franchised count is eight above the FDD count; that discrepancy remains unresolved. Do not subtract the separately displayed U.S. count from this newer worldwide total to infer international locations. Development commitments are excluded.
Reported fiscal 2025 AUV was $1,364,000 for comparable traditional stores, including company-owned and franchised locations. The issuer normalizes trailing 364-day revenues by operating days; this is not a simple average of each store’s raw fiscal-year sales. The source divides comparable stores’ trailing 364day revenues by their operating days and multiplies by 364. Operating days are days open for business. Traditional stores open less than 425days and nontraditional stores are excluded; the comparable base excludes permanent closures. Sample count and a U.S.-only split are not disclosed. The fiscal accounting year had 362days following a change to a 52/53-week calendar; do not substitute that accounting span for the AUV definition. Current June 28,2026 reporting separately gives $1.376million under the same trailing 364day method; it does not replace this FY2025 selection. Revenue is not owner income; no profit or investment-return claim is selected. Comparable traditional stores only. Nontraditional kiosks, airports, colleges, commissaries, food courts and entertainment venues excluded
Research snapshot: . Sources and methodology
Compare Jersey Mike’s’s franchise model against starting or buying an independent business in sandwiches and bakery cafés (line-item CapEx, 0%-royalty owner SDE margins & SBA resale multiples):