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Jersey Mike's Subs

Entrepreneur's 2026 Franchise 500 #1. Fresh-sliced subs at scale.

Price
$436K–$1.16M
Category
$50K – $500K
Best for
QSR buyers who want the top-ranked sandwich brand, not the cheapest one.

Fee $20,000. Range per 2026 FDD Item 7. 6.5% royalty + 5% combined ad funds. $1.37M AUV (2025, per FDD). Verified Oct 2026. Last verified 2026-10-16.

Key features

  • Ranked #1 on the 2026 Entrepreneur Franchise 500
  • 3,227 US/Canada locations (+238 in 2025)
  • $1.37M average unit volume (2025 FDD)
  • Fresh-sliced model — premium positioning vs Subway

Pros

  • #1-ranked system
  • $1.37M AUV beats most QSR
  • Strong unit growth

Cons

  • 11.5% combined fee load is heavy
  • Build costs run $400K–$550K for most units
  • Blackstone PE ownership changes the culture
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