Jimmy John’s Franchise
Jimmy John's franchise - Introduction
Jimmy John's franchise, the prominent exotic sub restaurant that touts itself as the leader in bread, and vegetables in a delicious sandwich. Jimmy John's is a good option for an entrepreneur seeking a sandwich-themed franchise business opportunity. While contemplating the marketing benefits of purchasing a well-established sandwich shop chain, you must also know the franchise owner's rules.
Jimmy John's offers a wide selection of cuisine to their customers in a welcoming manner. It was built for every consumer who doesn't like to compromise on their unique tastes.
For those individuals who want to join the Jimmy John's Franchise and want to expand their business or start up their business along with Jimmy John's, we will provide every minute detail of all things you may need to opt for a famous franchise like the Jimmy John's.
"Jimmy John's" provides an opportunity to become a successful businessman with cheap startup costs and significant profits.
Must Read : Top 10 Food Franchise in India
Jimmy John's franchise insight details
- Jimmy John's Franchise is a sandwich restaurant business in the United States specializing in delivery. Jimmy John created the company in 1983, and it is based in Champaign, Illinois. Except for Norway, Georgia, Ireland, and Vermont, the corporation has grown to almost 2,800 sites in 35 years.
- 98% of the establishments were franchised as of 2014.
- Jimmy John's has about 3,000 locations with aspirations to expand to 5,000 and beyond.
- Jimmy John's Gourmet Sandwiches is a sandwich shop that sells a few baked products. It began franchising in 1993 after being created in 1983.
- Jimmy John's has joined the Inspire Brands restaurant group, giving them even greater power. Jimmy John's Gourmet Sandwiches today has more than 2,700 locations.
- Jimmy John's Gourmet Sandwiches prepares its sandwiches with fresh vegetables and meats. Their meat is properly sliced and grilled, and their bread is freshly made. Their mission is to create fantastic sandwiches for their devoted clients.
How much does Jimmy John's franchise cost ?
| Franchise Cost & Setup cost | $329,500 to $557,500 |
| Net Income of Applicant | At least $300,000 |
| Royalty fee | 6 % |
| Monthly marketing fee | 4.5% |
- Initial Franchise Fees & Initial Investment
- The estimated cost of opening a Jimmy John's franchised restaurant ranges from $329,500 to $557,500, not including real estate purchase costs.
- To own a Jimmy John's , you should have a net income of at least $300,000 and accessibility to at least $80,000 in cash to start a Jimmy John's franchise.
- New entrepreneurs must pay $30,000-$35,000 for each unit they wish to build.
- Ongoing Royalties and Contributions to the Program
- Franchisees of Jimmy John's must pay a 6% royalty charge on monthly gross sales and a 4.5% monthly marketing fee to the franchisor's system-wide marketing programme on an ongoing basis.
Why Should You Consider Opening a Jimmy John's Franchise?
- When you buy a Jimmy John's Gourmet Sandwiches franchise, you'll have access to advertising, construction, purchasing, real estate, and other business aspects.
- They usually provide you with the resources you need to remodel or relocate your business. If you need to shift, you might be able to use excellent real estate services. Jimmy John's normally negotiates the best prices and assists you in choosing the finest location for you.
Requirements & Elegibility criteria for Jimmy John's Franchise
- The corporation wants to ensure that a franchisee has enough money to run a profitable restaurant. To open a new franchised location, Jimmy John's needs a prospective franchisee to have a minimum of $80,000 in non-borrowed available funds and $300,000 in personal worth, as per the company's website.
- Although the company will not provide funding, it can link interested parties with possible financiers.
- Jimmy John's imposes a "Royalty and Ongoing Service fee" of 6% of gross sales, according to the corporate website. It's effectively a recurring branding charge in which the franchisee's success with the brand generates residual money for the corporation.
- In addition, Jimmy John's advertises its brand regularly and charges all franchisees a 4.5% of gross sales fee to support these efforts.
Jimmy John's Franchise Training
- To manage a Jimmy John's restaurant, Jimmy John provides two introductory training sessions.
- They also offer four-week specific training sessions for their operation partners.
- All staff and supervisors must attend boot camp training if this is their first restaurant.
- Boot camp is a five-day programme that teaches you all you need to know about cooking.
Jimmy John's Agreement Terms and Renewal
- The initial period is ten years from the date the restaurant initially opened its doors to the public.
Obligations of Jimmy Johns Franchise
- Franchisees should always carry out their contractual obligations honestly, genuinely, and quickly and take all reasonable steps to promote and enhance the company and Jimmy John's reputation.
- Also, franchisees must consistently distribute all menu items and other facilities required by the franchisor for Jimmy John's restaurants.
- Franchisees cannot provide or sell the products or perform services that the franchisor has not approved.
Consistency and Quality
- To maintain a steady brand image, many franchises have strict operating standards for franchisees to follow. Jimmy John's guidelines are based on the image of a fresh product that it promotes.
- Weekly shipments of non-produced products are sent from national distributors. Fresh produce is procured from a local source daily. These regulations assist operators in fulfilling the brand's promise to provide the freshest sub sandwiches, which benefits both the brand and the franchisees.
Is the jimmy John's franchise profitable?
- Annual sales are expected to reach $1.2 million, with net profits of $280,000. The beginning expenditures range from $305,500 to $485,500, not including real estate.
- Franchisees must also have a net worth of around $300,000 and $80,000 in cash.