12 December 2023

Got Questions About Owning a Jimmy John’s Franchise? I’ve Got Answers!

By Ronald Smith

Ever thought about owning a restaurant? Well, if you’re an entrepreneur looking for a chance to dive into the biz, you gotta check out Jimmy John’s Franchisor SPV, LLC. It’s a great opportunity to serve up some delicious gourmet sandwiches and make some serious dough. But before you jump in, let me give you the lowdown on everything you need to know about owning a Jimmy John’s franchise.

The Skinny on Jimmy John’s Franchise

Okay, let’s get down to business. I could ramble on and on about Jimmy John’s, but why waste time? Here are the important facts you gotta know about owning a Jimmy John’s franchise:

    I wanna tell you all about Jimmy John’s! It all started back in 1983 when Jimmy John Liautaud opened the very first Jimmy John’s store in Illinois. Fun fact: he actually wanted to start a hot dog business, but instead he ended up creating the amazing sandwich shop we know and love today. Fast forward 20 years, and Jimmy John’s had grown to 160 locations, mostly run by franchisees.

    But wait, it gets even better! Right now, Jimmy John’s has over 2,700 units spread across 43 states. That’s a whole lot of delicious sandwiches being made and enjoyed!

    Now, let’s talk about something really cool. In 2019, Jimmy John’s joined the Inspire Brands family. They’re part of a big group that includes other awesome restaurants like Arby’s, Buffalo Wild Wings, Rusty Taco, and Sonic Drive-in. It’s like being part of an epic food family!

    Speaking of family, Jimmy John’s is no small fry when it comes to making money. Believe it or not, the Jimmy John’s franchise system brings in a whopping $2.1 billion in revenue every year. That’s a whole lot of dough!

    Okay, brace yourself because we’re about to dig into the best part: the food. Jimmy John’s takes pride in their made-to-order sandwiches. They use super fresh veggies and bread that’s baked fresh every day. And let’s not forget about their all-natural meats and cheeses that are hand-sliced with care. It’s like getting a little taste of heaven in every bite.

    I hope you’re as excited about Jimmy John’s as I am. Now, let’s move on and talk about the franchise cost. It’s time to see just how much it takes to be a part of this incredible sandwich empire.

    How much does it cost to open a Jimmy John’s franchise? The cost of opening a Jimmy John’s franchise can be anywhere between $350,000 and $670,000, not including the expenses for purchasing real estate. This initial investment estimate covers several elements, such as an initial franchise fee of $30,000 to $35,000, monthly rent of around $5,000, security deposits, furniture, equipment, grand opening events, supplies, inventory, and other expenses related to starting a new business. It’s important to note that the franchisor does not provide direct or indirect financing options.

    Jimmy John’s Franchise Fee

    When you own a Jimmy John’s restaurant, there are ongoing costs and fees to consider. After paying the initial franchise fee, I, as a franchisee, need to pay a royalty of 6% of my restaurant’s weekly gross sales. Additionally, I am required to contribute 4.5% of my weekly gross sales to the brand’s advertising and development fund, as well as 2% of sales for local advertising.

    The Profitability of Jimmy John’s Franchise

    You may wonder how profitable Jimmy John’s stores are. Well, based on the company’s 2019 franchise disclosure document, on average, a Jimmy John’s restaurant makes around $1.2 million in annual gross sales. Out of that, about $280,000 is net profit. It’s important to note that most Jimmy John’s franchisees can recover their initial investment from their average sales within approximately 5 years of operating.

    The Salary of a Jimmy John’s Franchise Owner

    Have you ever wondered how much a Jimmy John’s franchise owner makes? Well, let me fill you in. On average, the owner of a Jimmy John’s franchise earns around $90,000 per year. Not bad, right? But here’s the catch – to make that kind of money, the franchisee needs to pull in at least $900,000 in sales each year. Now, that may sound like a big number, but considering that the average Jimmy John’s franchise made $922,442 in sales last year, it’s definitely doable.

    What You Need to Open a Jimmy John’s Franchise

    So, you’re interested in opening a Jimmy John’s franchise? Awesome! Let me break down what you need to make that happen:

    Financial Assets

    My Experience

    If you’re thinking about owning a Jimmy John’s franchise, it’s important that you have experience leading teams and following systems.

    A Strong Work Ethic

    As a franchise owner, you need to be capable and have a competitive spirit to succeed at Jimmy John’s.

    Putting Customers First

    It’s not just about being genuine and community-minded. You also need to show a devotion to our brand’s customers.

    Love for the Brand

    We’re looking for franchisees who truly love the brand and our delicious gourmet sandwiches at Jimmy John’s.

    Is Opening a Jimmy John’s Franchise Worth it?

    Should you consider opening a Jimmy John’s sandwich shop? Well, let me tell you, Jimmy John’s offers a pretty sweet deal when it comes to franchises. They’re affordable and consistent in bringing profit. While they may not be the top earners in the industry, their earnings are steady and grow over time. In fact, most Jimmy John’s franchise owners make back their initial investment in just about 5 years. That’s pretty impressive, right? So, it’s safe to say that investing in a Jimmy John’s sandwich shop is a smart move.

    Now, I know you might be worried about the financial aspect, but don’t fret. While they don’t provide direct financial assistance, there are usually financing options available for those who qualify. So, you won’t have to break the bank to make your sandwich dreams come true.

    But it’s not all about the money, my friend. Owning a Jimmy John’s franchise comes with some personal perks too. Imagine being a part of one of the fastest-growing restaurant chains out there. You’ll be serving up delicious, healthy, and fresh-made meals to your loyal customers. It’s a win-win situation, really.

  • Ready to take the plunge and buy your first franchise? Here are some secrets revealed just for you.
  • Curious about what exactly a franchise is? Look no further, I’ll break it down for you.
  • And if you’re specifically interested in sandwich franchises, I’ve got a list of 20 for you to check out.

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