In 2024, how many Jersey Mikes locations were reacquired by the franchisor in Indiana?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
WNED OUTLETS STATUS SUMMARY FOR FISCAL YEARS 2022 TO 2024 1,2
| State | Year | Outlets Operating at Start of Year | Outlets Opened | Outlets Reacquired From Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets Operating At End of Year |
|---|---|---|---|---|---|---|---|
| 2022 | 0 | 1 | 0 | 0 | 0 | 1 | |
| Arizona | 2023 | 1 | 1 | 0 | 0 | 0 | 2 |
| 2024 | 2 | 0 | 0 | 0 | 1 | 1 | |
| 2022 | 5 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 66–76)
What This Means (2025 FDD)
According to Jersey Mikes' 2025 Franchise Disclosure Document, in 2024, one location in Indiana was reacquired by the franchisor. At the start of 2024, there were 2 Jersey Mikes outlets operating in Indiana. During 2024, one new outlet was opened, and one was reacquired by Jersey Mikes. No outlets were closed or sold to a franchisee.
This indicates that Jersey Mikes may occasionally take over the operations of existing franchise locations. For a prospective franchisee, this could mean that there's a possibility of the franchisor assuming control of their location under certain circumstances. It is important to understand the conditions under which Jersey Mikes might reacquire a franchise.
The reacquisition of a franchise location could be due to various factors such as the franchisee's non-compliance with brand standards, financial difficulties, or mutual agreement between the franchisee and franchisor. Understanding the reasons behind reacquired locations can provide valuable insights into potential challenges and opportunities within the Jersey Mikes franchise system. A prospective franchisee should inquire about the criteria and processes involved in reacquisition to fully assess the risks and benefits associated with investing in a Jersey Mikes franchise.