In 2024, how many Jersey Mikes outlets were reacquired from franchisees 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's 2025 Franchise Disclosure Document, in 2024, one outlet in Indiana was reacquired from a franchisee. 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 from a franchisee. 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 relevant for prospective franchisees as it provides insight into the stability and changes in the number of Jersey Mikes locations in Indiana. Reacquisitions can occur for various reasons, such as the franchisee's failure to meet brand standards or a mutual agreement between the franchisee and franchisor.
It is important to note that while the document provides data on outlet reacquisitions, it does not specify the reasons behind these reacquisitions. Understanding the reasons for outlet changes can help a potential franchisee assess the risks and opportunities associated with investing in a Jersey Mikes franchise in Indiana.
Prospective franchisees should inquire further about the reasons for any reacquisitions or closures to gain a better understanding of the market dynamics and potential challenges in specific states.