In 2024, how many Jersey Mikes locations were reacquired by the franchisor in Texas?
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 |
|---|
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 66–76)
What This Means (2025 FDD)
According to Jersey Mike's 2025 Franchise Disclosure Document, in 2024, one location in Texas was reacquired by Jersey Mike's from a franchisee. This information is crucial for potential franchisees as it provides insight into the stability and performance of existing franchise locations. Reacquisitions can occur for various reasons, such as the franchisee's failure to meet brand standards or financial difficulties.
Understanding the frequency and reasons behind reacquisitions in specific states like Texas can help prospective franchisees assess the risks associated with investing in a Jersey Mike's franchise. It is important to note that while one location was reacquired, 33 new locations were opened in Texas during the same year, resulting in a net increase of 32 units. This suggests that while some individual locations may face challenges, the overall growth and expansion of Jersey Mike's in Texas remains positive.
For a potential franchisee, this data highlights the importance of thorough due diligence, including understanding the local market conditions in Texas and the factors that contribute to the success or failure of a Jersey Mike's franchise. It would be prudent to speak with current and former franchisees in Texas to gain a deeper understanding of the challenges and opportunities in that specific market. Additionally, inquiring with Jersey Mike's about the reasons for the reacquisition and the support they provide to struggling franchisees can offer valuable insights.