What was the net change in the number of company-owned Jersey Mikes outlets during 2024?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
IDE OUTLET SUMMARY FOR FISCAL YEARS 2022 TO 2024 1
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| 2022 | 2069 | 2361 | +292 | |
| Franchised | 2023 | 2361 | 2647 | +286 |
| 2024 | 2647 | 2955 | +308 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 66–76)
What This Means (2025 FDD)
According to Jersey Mikes' 2025 Franchise Disclosure Document, the net change in the number of company-owned outlets during 2024 was an increase of 6. At the start of 2024, there were 28 company-owned outlets, and by the end of the year, this number had increased to 34. It is important to note that the company itself does not own any restaurants; these 'company-owned' outlets are actually owned by Jersey Mike's affiliates.
This information is relevant for prospective franchisees as it provides insight into the growth and management strategies of Jersey Mikes. The increase in company-owned stores could indicate a strategy to maintain a certain level of control and ensure quality standards across the brand. It also shows potential franchisees how the brand is evolving and adapting in the market.
However, the FDD also notes that, due to the Blackstone, Inc. acquisition, 7 company-owned outlets will be re-designated as franchised outlets as of January 15, 2025. This change could signal a shift in strategy towards a greater emphasis on franchising rather than direct operation by affiliates. Franchisees should consider how these changes might affect the overall brand and their individual franchise operations.