What is the amount of the transfer fee that Jersey Mike's charges?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
ranchisor's judgment, to develop JERSEY MIKE's restaurants, and to fulfill its obligations to Franchisor;
- (h) If the transferee and/or its Principals are an existing Jersey Mike's franchisee, the transferee and the transferee's Principals must be app
Source: Item 22 — CONTRACTS (FDD page 77)
What This Means (2025 FDD)
According to Jersey Mike's 2025 Franchise Disclosure Document, the transfer fee is $5,000. This fee covers services related to approving the transfer of the Development Agreement. Additionally, there is a $5,000 transfer fee for each Franchise Agreement transferred to the transferee.
This means that if a franchisee wants to sell their Jersey Mike's franchise to someone else, they will have to pay Jersey Mike's a transfer fee of $5,000 for the Development Agreement and $5,000 for each Franchise Agreement. This fee is in addition to any other costs associated with the sale of the franchise, such as legal fees or brokerage fees.
It is important for prospective franchisees to understand all of the costs associated with owning a Jersey Mike's franchise, including the transfer fee. This fee can be a significant expense, so franchisees should factor it into their financial planning. Franchisees should also be aware of the conditions that must be met for a transfer to be approved, as outlined in the FDD.