For a Jersey Mikes franchise, what is the deadline for submitting a fully-executed lease approved by the company, after which either the franchisee or Jersey Mikes may terminate the Franchise Agreement?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
If you fail to submit a fully-executed lease, which has been previously approved by Company, within five months from the date you sign the Franchise Agreement, you or Company may terminate the Franchise Agreement. Additionally, you must open your Franchised Restaurant within nine months from the date you sign the Franchise Agreement, or four months from the date that you submit a fully executed lease (which has been previously approved by Company) to Company, whichever is earlier (the "Opening Deadline"), unless you obtain an extension of the Opening Deadline from Company in writing. If you fail to open your F ranchised Restaurant by the Opening Deadline, Company may terminate the Franchise Agreement. (Sections 3.5, 13.1, and 17.2).
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 35–51)
What This Means (2025 FDD)
According to Jersey Mike's 2025 Franchise Disclosure Document, a prospective franchisee has five months from the date of signing the Franchise Agreement to submit a fully-executed lease that has been previously approved by the company. If the franchisee fails to meet this deadline, both the franchisee and Jersey Mike's have the option to terminate the Franchise Agreement.
This stipulation is significant because it sets a clear timeframe for securing a location and finalizing lease arrangements. Failing to meet this deadline could result in the loss of the franchise opportunity. It is important for prospective franchisees to work diligently with a real estate broker approved by Jersey Mike's to identify and secure a suitable site within this five-month period.
Furthermore, the FDD states that the franchisee must open their Jersey Mike's restaurant within nine months from the date of signing the Franchise Agreement, or four months from the date that they submit a fully executed lease (which has been previously approved by Company) to Company, whichever is earlier. This dual deadline underscores the importance of both securing a lease and opening the restaurant promptly. Franchisees should be aware that failure to open by the specified deadline may also result in the termination of the Franchise Agreement by Jersey Mike's.