In 2024, how many Jersey Mikes outlets in California were reacquired by the franchisor?
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, there were 2 outlets in California that were reacquired by the franchisor in 2024. This information is part of a larger table detailing outlet information by state and year. The table also shows that there were 5 outlets operating in California at the start of 2024, none opened during the year, 1 closed, and 2 were sold to a franchisee, resulting in 4 outlets operating at the end of the year.
For a prospective franchisee, this data provides insight into the stability and changes within the Jersey Mikes franchise system in California. Reacquisitions can occur for various reasons, such as franchisee default, mutual agreement, or the franchisor's strategic decision to consolidate operations. Closures can indicate underperforming locations or market saturation, while sales to franchisees suggest a transfer of ownership within the system.
It's important to note that while the table provides a snapshot of outlet activity, it doesn't explain the reasons behind the reacquisitions or closures. A prospective franchisee should investigate further to understand the specific circumstances and potential risks associated with operating a Jersey Mikes franchise in California. Understanding the reasons behind these changes can help a franchisee assess the health and attractiveness of the California market.
Overall, the data suggests that the Jersey Mikes franchise network in California experienced some level of change in 2024. While the number of reacquired outlets is relatively small, it's a factor that potential franchisees should consider as part of their due diligence process. Further investigation into these specific instances would provide a more complete picture of the franchise's performance and stability in the region.