In 2024, how many Jersey Mikes outlets in Indiana 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's 2025 Franchise Disclosure Document, in 2024, one Jersey Mikes location in Indiana was reacquired by the franchisor. At the start of 2024, there were 2 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. At the end of 2024, there were a total of 4 Jersey Mikes outlets operating in Indiana.
This information is valuable for potential franchisees as it provides insight into the brand's activity within a specific state. Reacquisitions can occur for various reasons, such as the franchisee's decision to sell the business back to Jersey Mikes or a breach of the franchise agreement. While one reacquisition doesn't necessarily indicate a problem, it's a point worth investigating further during due diligence.
Prospective franchisees should inquire with Jersey Mikes about the reasons behind the reacquisition in Indiana. Understanding the circumstances can help assess the stability and performance of franchises in that market. It's also important to consider the overall growth and activity in the state, as the opening of a new location alongside the reacquisition could suggest a dynamic market with both opportunities and challenges.
By examining trends in outlet openings, closures, sales, and reacquisitions, potential franchisees can gain a better understanding of the health and maturity of the Jersey Mikes brand in specific geographic areas. This information, combined with other due diligence efforts, can contribute to a more informed investment decision.