What was the end of year cash, cash equivalents, and restricted cash for Jersey Mikes in 2023?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
| CURRENT ASSETS: | ||
|---|---|---|
| Cash and cash equivalents (include restricted cash of $103,528,217 and | ||
| $74,178,062 in 2024 and 2023, respectively) | $ 843,405,358 | $ 139,028,486 |
Source: Item 23 — RECEIPTS (FDD pages 77–421)
What This Means (2025 FDD)
According to Jersey Mike's 2025 Franchise Disclosure Document, the end of year cash, cash equivalents, and restricted cash for 2023 was $139,028,486. This figure includes restricted cash of $74,178,062.
This number reflects the total amount of liquid assets Jersey Mike's had readily available at the close of the 2023 fiscal year. Cash equivalents are investments that can be easily converted into cash, and restricted cash is cash that is set aside for a specific purpose and not available for general use.
A prospective franchisee can use this information to assess the financial health and stability of Jersey Mike's. A substantial cash balance can indicate that the company is well-managed and has the resources to support its franchisees. It is important to note that this figure represents the financial position of Jersey Mike's as a whole and not the financial performance of individual franchise locations.