In 2024, how many Jersey Mikes outlets were reacquired from franchisees in California?
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, two Jersey Mikes outlets in California were reacquired from franchisees. This information is crucial for potential franchisees as it provides insight into the stability and performance of existing franchise locations within the state. Reacquisition of franchises can occur for various reasons, including the franchisee's failure to meet brand standards, financial difficulties, or a mutual agreement between the franchisee and Jersey Mikes.
Understanding the reasons behind franchise reacquisitions is essential for prospective franchisees. While two reacquisitions may not seem significant, it's important to consider this figure in relation to the total number of Jersey Mikes locations in California. The document indicates that there were 358 outlets operating at the start of 2024 and 383 at the end of the year. This suggests that while some locations were reacquired, the overall franchise system in California continued to grow.
Prospective franchisees should investigate the reasons for these reacquisitions to assess any potential risks or challenges associated with operating a Jersey Mikes franchise in California. Factors such as local market conditions, competition, and the franchisor's support system can all play a role in the success or failure of a franchise location. It is also important to note that one outlet closed in California in 2024.