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. In the franchising business, anything over 15% is pretty healthy.16 Apr 2021
What is the most profitable franchise to own?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.3 Jan 2022
How much do franchise store owners make?
Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000. Legally, franchisors cannot give income amounts or forecasts of future income.12 Aug 2021
What is the minimum net worth to be a franchisee of Jimmy John's?
$1,000,000
How much do you make owning a Jimmy Johns?
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 Jun 2011
How profitable is Jimmy Johns 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 Apr 2021