How many Jersey Mikes franchises were transferred in California during 2024?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers |
|---|---|---|
| Alabama | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 1 | |
| California | 2022 | 12 |
| 2023 | 8 | |
| 2024 | 20 | |
| Colorado | 2022 | 3 |
| 2023 | 0 | |
| 2024 | 0 | |
| Connecticut | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 1 | |
| Delaware | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| Florida | 2022 | 6 |
| 2023 | 22 | |
| 2024 | 2 | |
| Georgia | 2022 | 3 |
| · · | 2023 | 3 |
| 2024 | 1 | |
| Illinois | 2022 | 3 |
| 2023 | 0 | |
| 2024 | 2 | |
| Indiana | 2022 | 2 |
| 2023 | 1 | |
| 2024 | 2 | |
| Iowa | 2022 | 2 |
| 2023 | 0 | |
| 2024 | 0 | |
| Kansas | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 | |
| Kentucky | 2022 | 0 |
| 2023 | 3 | |
| 2024 | 0 | |
| Louisiana | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 66–76)
What This Means (2025 FDD)
According to Jersey Mike's 2025 Franchise Disclosure Document, there were 20 franchise transfers in California during 2024. This indicates the number of existing Jersey Mike's franchises that were sold to new franchisees within the state during that year. Franchise transfers can occur for various reasons, such as the original franchisee retiring, selling the business, or not fulfilling their franchise obligations.
For a prospective franchisee, a high number of transfers could signal a dynamic market with opportunities to acquire existing businesses rather than starting from scratch. However, it could also raise questions about franchisee satisfaction or the financial viability of locations if transfers are due to distress. Investigating the reasons behind these transfers would be a prudent step for anyone considering investing in a Jersey Mike's franchise in California.
It's important to note that franchise transfers are a normal part of the franchise lifecycle. The number of transfers can be influenced by economic conditions, local market dynamics, and the overall health of the Jersey Mike's franchise system. Reviewing transfer rates over multiple years, as provided in the FDD, can give a more comprehensive understanding of the stability and desirability of Jersey Mike's franchises in California.