How many Jersey Mikes franchises were transferred in Texas during 2023?
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 |
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 18 franchise transfers in Texas during 2023. This indicates the number of existing Jersey Mikes franchises in Texas that changed ownership during that year.
Franchise transfers can occur for various reasons, such as the original franchisee retiring, selling the business, or facing financial difficulties. A high number of transfers could signal instability or challenges within the franchise system in that particular region, while a low number might suggest stability and franchisee satisfaction. However, a large number of transfers could also be a sign of a healthy market where franchisees are able to sell their businesses for a profit.
For a prospective Jersey Mikes franchisee, this information is relevant for assessing the health and stability of the franchise network in Texas. It would be wise to investigate the reasons behind these transfers and understand the experiences of both the transferring franchisees and those acquiring the existing locations. Understanding the context behind these numbers can provide valuable insights into the realities of operating a Jersey Mikes franchise in Texas.