1 Jersey Mike’s Subs Franchise Costs And Fees
- Author: whyfranchise.com
- Published Date: 07/22/2023
- Review: 4.8 (670 vote)
- Summary: Net Worth Requirement, ; Royalty Fee, 6.50% ; Ad Royalty, 5% ; Cash Requirement, $100,000 ; Term of Agreement, 10 years
- Matching search results: We’ll be the first to tell you, owning a Jersey Mike’s isn’t for everyone. But we do think it is an amazing opportunity for the right individuals. The restaurant business has its own set of challenges. Dealing with the public, serving food, handling …
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2 News – How Jersey Mike’s CEO Turned $125000 Into $1 Billion
- Author: jerseymikes.com
- Published Date: 09/26/2021
- Review: 4.64 (321 vote)
- Summary: · The submarine sandwich restaurant has won the award for the fastest growing franchise concept in America for the last four years in a row. And
- Matching search results: Every year, on the last Wednesday of March, Jersey Mike’s hosts a “Day of Giving” during which the brand donates 100% of its sales to local charities. At the end of the day, around $5-$7 million will go to nonprofits, kids in school, and hospital …
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3 Jersey Mikes Franchise Opportunity For 2023
- Author: visafranchise.com
- Published Date: 11/22/2021
- Review: 4.39 (280 vote)
- Summary: · Sub Above LLC is the franchisor of all Jersey Mike businesses and the company was profitable in 2020 with a net income of 101.8 million in 2020
- Matching search results: Sub Above LLC is the franchisor of all Jersey Mike businesses and the company was profitable in 2020 with a net income of 101.8 million in 2020. The large discrepancy in net incomes from 2019 to 2020 is because in 2019 Sub Above LLC was transferred …
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4 For Peter Cancro, doing good is the secret to fueling Jersey Mikes growth
- Author: restaurantbusinessonline.com
- Published Date: 05/05/2023
- Review: 4.22 (471 vote)
- Summary: · The sandwich shop CEO, who has owned the company since he was 17, led his chain to soaring sales by taking care of franchisees, workers and
- Matching search results: Some of his 550 franchisees would like to own more Jersey Mike’s locations. But they’re geographically maxxed out in certain areas. Cancro, whose solid steering of Jersey Mike’s amid the pandemic’s ups and downs has earned him a Restaurant Leader of …
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5 Start a Jersey Mike’s Franchise, 2023 Costs & Fees
- Author: franchisegator.com
- Published Date: 03/18/2023
- Review: 4.11 (586 vote)
- Summary: To buy a franchise with Jersey Mikes, you’ll need to have at least $100,000 in liquid capital. Franchisees can expect to make a total investment of $177,943
- Matching search results: Our training program requires three times the hands-on experience than many franchise systems. Our training program requires 8-10 weeks of classroom training and in-store experience immediately sets the bar high for operational excellence. Ongoing …
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6 Jersey Mikes Franchise vs. Teriyaki Madness Franchise: How They Compare
- Author: franchise.teriyakimadness.com
- Published Date: 07/06/2023
- Review: 3.82 (367 vote)
- Summary: Jersey Mike’s franchise candidates must prove to have a net worth of at least $300,000, with $100,000 of that being liquid assets. The process of opening a
- Matching search results: Now for the moment you’ve all been waiting for. The numbers. The initial franchise fee to own a TMAD location is $45,000, with total initial costs ranging from $346,400 to $768,760*, making it an affordable and excellent opportunity for interested …
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7 002: Jersey Mikes Founder & CEO – Peter Cancro
- Author: talentwargroup.com
- Published Date: 04/07/2023
- Review: 3.65 (525 vote)
- Summary: · In 1971 at the age of only 17, Peter raised $125,000 to purchase the single store sandwich shop called Mike’s Subs. Today, Jersey Mike’s has
- Matching search results: I first went out trying to raise the capital and I found out this is more difficult than I thought. I go to some of the wealthy people that live in the neighboring towns and told them about what I was doing. There were a couple of groups that wanted …
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8 Peter Cancro Took Jersey Mike’s From One Store To Nearly 1,600, And He’s Not Done Yet
- Author: forbes.com
- Published Date: 11/10/2021
- Review: 3.43 (521 vote)
- Summary: · As Jersey Mike’s closes in on 1,600 stores in 47 states, the company achieved $1 billion in revenue and expects to surpass $2 billion in a
- Matching search results: Peter Cancro became the the fourth owner in 1975 of Jersey Mike’s Subs, founded in 1956 on the Jersey Shore. He is also the owner who took Jersey Mike’s national when he began franchising in 1987. Today, there are 1,551 restaurants stretching from …
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9 How the founder of Jersey Mikes turned one sandwich shop into a billion-dollar business
- Author: fortune.com
- Published Date: 01/29/2023
- Review: 3.28 (360 vote)
- Summary: · My first job was at Mike’s Subs in Point Pleasant, N.J., a small beach town on the Jersey Shore. My older brother worked there the summer
- Matching search results: On that Sunday, I called Rod Smith, my Pop Warner football coach, who was also a banker. I told him what I wanted to do, and he helped finance the real estate and business loan. He knew me, and he said I always get the ball across the goal line. …
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10 What is Peter Cancro Net Worth in 2020? Some Details
- Author: idolpersona.com
- Published Date: 03/02/2023
- Review: 3.04 (496 vote)
- Summary: · According to Celebrity Net Worth, Jersey Mike’s Subs CEO Peter Cancro holds an estimated net worth of $400 million as of December 2020
- Matching search results: Peter Cancro is the fourth owner of Jersey Mike’s Subs, which was founded in 1956. As a Chief Executive of one of the biggest fast-food companies in the country, Peter makes a lot of money from his managerial position. But exactly how much does he …
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