For Jersey Mikes franchises, what is the effective date for franchise receipts in Michigan?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Effective Date |
|---|---|
| California | Exempt |
| Hawaii | |
| Illinois | Exempt |
| Indiana | Exemption Pending |
| Maryland | Exemption Pending |
| Michigan | March 31, 2025 |
| Minnesota | Pending |
| New York | Exempt |
| North Dakota | Exemption Pending |
| Rhode Island | Exemption Pending |
| South Dakota | March 31, 2025 |
| Virginia | Exemption Pending |
| Washington | Exemption Pending |
| Wisconsin | March 31, 2025 |
Source: Item 23 — RECEIPTS (FDD pages 77–421)
What This Means (2025 FDD)
According to Jersey Mike's 2025 Franchise Disclosure Document, the effective date for franchise receipts in Michigan is March 31, 2025. This date signifies when the FDD is considered effective and can be used for offering franchises in Michigan.
Prospective franchisees in Michigan should note this date, as Jersey Mike's must provide the FDD to them at least 10 business days before the earlier of signing any binding agreement or making any payment. This allows potential franchisees adequate time to review the document and seek professional advice before committing to the franchise.
It is important for franchisees to verify with Jersey Mike's that the FDD remains current and effective at the time of their investment, as these dates can change. Franchisees should also consult Exhibit A of the FDD for contact information for the appropriate state agency in Michigan, should they need to report any violations.