What was the net income for Jersey Mikes in 2023?

According to Jersey Mike's 2025 Franchise Disclosure Document, the company's net income for the year 2023 was $21,256,637. This figure represents the profit Jersey Mike's retained after deducting all costs and expenses from its total revenue for that year.

Net income is a key indicator of a company's financial performance and overall profitability. For a prospective franchisee, a strong net income suggests that Jersey Mike's is a well-established and financially healthy franchise system. This can be reassuring, as it indicates the franchisor has a proven business model and is capable of supporting its franchisees.

It's important to note that while a high net income is generally positive, potential franchisees should also consider other financial metrics and factors, such as revenue trends, operating expenses, and the company's debt levels, to gain a comprehensive understanding of Jersey Mike's financial health. Additionally, franchisees should investigate how the franchisor uses its net income to support the franchise system, such as investing in marketing, training, and technology, which can ultimately benefit individual franchisees.