What was the net interest expense (including interest income) for Jersey Mikes in 2022?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
| Interest expense—net (including interest | |||
|---|---|---|---|
| income of $4,888,537, $5,596,531, and $1,614,477 | |||
| in 2024, 2023, and 2022, respectively) | 3 8,287,776 | 35,333,437 | 39,581,894 |
Source: Item 23 — RECEIPTS (FDD pages 77–421)
What This Means (2025 FDD)
According to Jersey Mikes's 2025 Franchise Disclosure Document, the net interest expense, which includes interest income, for the year 2022 was $39,581,894. This figure represents the result of subtracting interest income from total interest expenses. The interest income for 2022 was $1,614,477.
Understanding the net interest expense is crucial for prospective franchisees as it provides insight into Jersey Mikes's financial management and profitability. A high net interest expense could indicate that the company has significant debt obligations, which might affect its ability to invest in growth or support its franchisees. Conversely, a lower net interest expense, or even net interest income, could suggest a stronger financial position.
It's important to note that this figure is from Jersey Mike's financial statements and reflects the overall financial health of the company, not necessarily the performance of individual franchise locations. Franchisees should consider this information in conjunction with other financial metrics and consult with financial advisors to assess the overall risk and opportunity associated with investing in a Jersey Mikes franchise.