When is the grand opening advertising program payment due for a Jersey Mikes franchise?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
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- 10.3 Franchisee shall pay Franchisor Twelve Thousand Five Hundred Dollars ($12,500.00) for Franchisor's use in conducting a grand opening advertising program to promote the opening of the Franchised Restaurant; provided, however, that in the event of a transfer as described in Section 19.2 of this Agreement, or in the event of a Franchisor-approved relocation as described in Section 3.1 of this Agreement, Franchisee shall pay Franchisor Five Thousand Dollars ($5,000.00) for Franchisor's use in conducting such program. The payment is due in full on the date Franchisee signs a lease for the Premises, or a contract to purchase the Premises, a
Source: Item 22 — CONTRACTS (FDD page 77)
What This Means (2025 FDD)
According to Jersey Mike's 2025 Franchise Disclosure Document, a new franchisee must pay for the grand opening advertising program on a specific date. The payment is due in full on the date the franchisee signs a lease for the premises or a contract to purchase the premises.
For a standard new restaurant opening, the franchisee will pay Jersey Mike's $12,500 for the grand opening advertising program. However, if the opening is due to a transfer of ownership or a franchisor-approved relocation, the payment is reduced to $5,000.
The payment must be made via the franchisee's automatic clearing house (ACH) account, which is also used for other payments like royalty fees and advertising contributions. This ensures that Jersey Mike's receives the funds promptly and efficiently.