How many Jersey Mikes locations were opened in Nevada during 2024?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets | Ceased | Outlets | ||||
|---|---|---|---|---|---|---|---|---|
| Reacquired | ||||||||
| Year | Operating | Outlets | Terminations | Non- | by | Operations- | Operating | |
| State | at Start of Year | Opened | Renewals | Franchisor | Other Reasons | At Year End | ||
| Nevada | 2022 | 17 | 1 | 0 | 0 | 0 | 0 | 18 |
| 2023 | 18 | 5 | 0 | 0 | 0 | 0 | 23 | |
| 2024 | 23 | 5 | 0 | 0 | 0 | 0 | 28 | |
| State | Year | Number of Transfers | ||||||
| ----------------------- | ------ | --------------------- | ||||||
| Nevada | 2022 | 0 | ||||||
| rvevada | 2023 | 1 | ||||||
| 2024 | 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 5 new Jersey Mikes locations opened in Nevada during 2024. The table shows that the number of outlets operating at the start of the year was 23, and the number of outlets operating at the end of the year was 28.
For a prospective franchisee, this indicates that Jersey Mikes is continuing to expand its presence in Nevada. This could be a positive sign, suggesting a growing market and brand recognition in the state. However, it's important to consider the specific locations of these new stores and whether they might impact the potential success of a new franchise.
It is also important to note that while 5 new stores opened, the number of transfers in 2024 was 1. A transfer occurs when an existing franchisee sells their location to someone else. This could be due to a variety of reasons, such as retirement, relocation, or underperformance. A high number of transfers could be a red flag, indicating that franchisees are struggling to succeed. However, in this case, the number of transfers is relatively low, so it is not necessarily a cause for concern.