How much does a Jimmy John's franchise owner make?
How much does a Jimmy John's franchise owner make?
The company estimates that annual sales can reach $1.2 million and net profits average about $280,000. The startup costs -- not including real estate -- are between $305,500 and $485,500. Franchisees also need $80,000 in cash and a net worth of about $300,000.16 ביוני 2011
What is the minimum net worth to be a franchisee of Jimmy John's?
$1,000,000
How much do franchise owners make a year?
The average franchise owner in the United States makes around $75,000 to $125,000 a year. That's definitely much more than the average salary of a college undergraduate with less than five years of experience, or around $50,000.10 בספט׳ 2020
How profitable is a Jimmy John's franchise?
Despite offering “free smells” at every location, Jimmy John's franchises do manage to turn a profit. According to the brand's 2019 FDD, Jimmy John's stores saw an average 6.5% net profits on $1.2 million in annual sales.16 באפר׳ 2021
How much do Store franchise owners make?
Franchise Business Review reports that the average franchise owner makes around $80,000 per year. However, this number is merely an average, with many people making below and above that figure.12 באפר׳ 2021
How much do McDonald's franchise owners make a year?
Some McDonald's franchise owners are naturally going to make more than others, but most franchise owners still pull in an estimated yearly profit of roughly $150,000 (via Fox Business).17 בדצמ׳ 2019
How much does it cost to open a Jimmy Johns?
Name of Fee Low High
-------------------------- ------- --------
Initial Franchise Fee $30,000 $35,000
Real Estate/Rent (1 month) $2,500 $8,000
Security Deposit $2,500 $8,000
Leasehold Improvements $97,500 $200,000
How much money do you need to open a Jimmy Johns?
To own a Jimmy John's Restaurant, your looking at a total investment of $313,600 to $556,100, depending on the size and location and includes initial real estate lease costs and a franchise fee of $35,000. In actuality, candidates will need $200,000 in either cash, marketable securities, stocks, etc.