If you`re looking for information on the estimated initial investment for a Jimmy John franchise, check out this article: Franchise Costs: Detailed Estimates of Jimmy John`s Franchise Costs An entrepreneur looking for a sandwich-themed restaurant franchise might consider Jimmy John`s, a popular gourmet sub-restaurant that markets itself as the leader in fresh meat, bread and vegetables in a gourmet sandwich. While you consider the marketing benefits of buying in an established sandwich restaurant chain, you should also recognize the rules for franchise owners. The numbers and the franchise power speak for themselves with this franchise. If I am interested in buying a restaurant franchise, I can assure you that I would be interested in owning a JIMMY JOHN`S franchise. The figures reflect the averages of 21 (21) affiliate-owned restaurants opened prior to January 1, 2011, as published in item 19 of our April 2016 franchise disclosure document. These averages are based on a 52-week period from December 31, 2014 to December 29, 2015. Of these 21 (21) restaurants, 10 (48%) higher gross sales, 12 (57%) increase in food and paper costs and 9 (43%) The net income rate was higher during the period under review. The presentation of the financial performance contained in point 19 of our April 2016 franchise publication document also includes (1) average and median gross sales, average and average gross franchise sales, and the number and percentage of restaurants, which exceed the averages of the reference period, (2) average and average gross sales, average and average cost of food and paper, as well as average and average net earnings information over the reference period for fourteen (14) restaurants opened after January 1, 2011 and before January 1, 2015, and (3) other average and median performance information for related restaurants. Jimmy John`s Franchise Info: www.jimmyjohns.com/franchising Most franchises have minimum requirements to purchase a franchise.
The company wants to ensure that a franchisee owner has the financial means to operate a successful restaurant. Jimmy John requires a future franchisee to have at least $80,000 in uns borrowed cash and $300,000 in personal assets to create a new franchise store, according to the company`s website. The company does not offer financial assistance, but it may involve interested parties with potential lenders. Each location is different, and the length depends on a variety of factors. However, it usually takes about 6-8 months between signing the franchise agreement and opening day at your Jimmy John restaurant. This does not mean that each JIMMY JOHN restaurant has an average of $1 million in gross sales. Sales volumes vary considerably from system to system. The consideration of all stores is the census of traffic, accessibility and visibility of the site, community and competition, and much more.
Of course, high-end restaurants have franchisees with high management skills, experience, business acumen and the ability to build business relationships to promote JIMMY JOHN`s in local markets. Real success in this business comes with multi-property unit.