1. 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 unit or area development opportunities as a Jimmy John’s franchisee, please click here to complete our in depth franchise application and a development representative will contact you shortly to discuss. You will also receive a franchise CD in the mail for your review.
2. How much money do I need to open a franchise?
Individuals will need $80,000 in non-borrowed personal resources (liquid assets, e.g. cash, marketable securities, stocks, etc…) along with an overall net worth (total assets minus total liabilities) of $300,000 to qualify. Financing is to be secured through third-party lending sources. The total cost of each unit varies by size and location.
3. How much are the royalties and other annual fees?
Royalty and Continuing Services fees are 6% of gross sales. Ongoing Advertising fees are 4.5% of gross sales.
4. What are the average annual sales of a Jimmy John’s store?
Average 2011 annual sales at 19 of the corporate-owned units were $1,360,396*. 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.
5. How much can I make as a Jimmy John’s franchisee?
We are restricted by the Federal Trade Commission and various state franchise sales regulations from providing you with specific profit projections. To learn more about actual experiences, we will encourage you to speak with existing franchisees during our application process.
6. Does Jimmy John’s offer financing?
No. However, Jimmy John’s Franchise, Inc. can direct potential franchisees to sources that have provided financing options to other franchisees in the areas of equipment leasing, construction and SBA loans.
7. How long does it take to open the store?
Each location is different, depending on a variety of factors, including site selection, build-out requirements and training. However, it typically takes approximately 6-8 months from signing the franchise agreement to opening day at your Jimmy John’s restaurant.
8. What kind of training can I expect as a franchisee?
All new franchisees participate in a 7 week training program. This consists of 3 weeks at the Jimmy John’s Training Center located in Champaign, IL, and 4 weeks of real life management experience by way of our apprenticeship program in a franchised location. In addition, we will train your assistant manager in Champaign for three weeks at the training center. Once completed, franchisees receive regular updates to their training, including on site reviews.
9. How is food quality and consistency maintained?
All products, with the exception of produce, are delivered by a national distributor to all stores on a weekly basis. Our vegetables are purchased from local sources and are delivered to your store fresh daily. In this manner, the high-quality Jimmy John’s sandwich you enjoy in Champaign, Illinois is the same as the tasty sandwich we make for you in St. George, Utah or any other Jimmy John’s location.
10. I’m interested in pursuing this further. What should I do next?
Click here to answer a brief questionnaire and to learn more.
Contact Bob Morena
Director of Franchise Development
Jimmy John’s Franchise, Inc.
2212 Fox Drive
Champaign, IL 61820
Or contact us via email at firstname.lastname@example.org
Note: This is not an offer to sell you a franchise. An offer can only be by the prospectus in the form of a Franchise Disclosure Document (FDD). This document will be presented to you at a meeting set up at your convenience.
*Figuresreflect averages for nineteen (19) affiliate-owned restaurants that openedbefore January 1, 2007 as published in Item 19 of our April 2012 FranchiseDisclosure Document. These averages are based on a 53-week annual period fromDecember 29, 2010 through January 3, 2012. Of these nineteen (19) restaurants, 9(47%) had higher gross sales, 10 (53%) had higher food and paper costs and 8 (42%)had higher net profit during the reported period. The financial performancerepresentation contained in Item 19 of our April 2012 Franchise DisclosureDocument also includes (1) average system –wide gross sales, average franchisegross sales, and the number and percentage of restaurants exceeding theseaverages during the referenced period and (2) average gross sales, average foodand paper cost, and average net profit information during the referenced periodfor affiliate-owned restaurants that were opened after January 1, 2007 andbefore January 1, 2011.
A new franchisee’s results may differ from therepresented performance. There is no assurance that you will do as well and youmust accept that risk. This offering is made by prospectus only.
© Copyright 2005 Jimmy John’s Franchise, LLC