How many Jersey Mikes franchise transfers occurred in Michigan during 2022?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
AN THE FRANCHISOR) FOR FISCAL YEARS 2022 TO 2024 1
| State | Year | Number of Transfers |
|---|---|---|
| Alabama | 2022 | 0 |
| 2023 | 1 | |
| 20 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 66–76)
What This Means (2025 FDD)
According to Jersey Mikes' 2025 Franchise Disclosure Document, there were 31 franchise transfers in Michigan during 2022. This information is based on data the franchisor collected about franchise transfers across different states.
Franchise transfers typically involve an existing franchisee selling their business to a new owner, subject to the franchisor's approval. A high number of transfers could indicate various factors, such as franchisees retiring, seeking other opportunities, or facing challenges in their current location. For a prospective franchisee, understanding the reasons behind these transfers can provide valuable insights into the health and stability of the Jersey Mikes franchise system in Michigan.
It's important to note that franchise transfers are a normal part of any franchise system. However, a significantly high number compared to other states might warrant further investigation. A potential franchisee should consider asking Jersey Mikes about the reasons for the transfers and what support is provided to ensure a smooth transition for both the outgoing and incoming franchisees. Understanding these dynamics can help a new franchisee make an informed decision about investing in a Jersey Mikes location in Michigan.