What is the 'Opening Deadline' for a Jersey Mikes franchise?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
WHEREAS, Franchisor and Franchisee have entered into that certain Franchise Agreement dated on the same date as this Addendum (the "Franchise Agreement"), pursuant to which Franchisor granted Franchisee the right to own and operate a JERSEY MIKE'S Franchised Restaurant ("Restaurant");
WHEREAS, Franchisor has agreed to re duce the initial franchise fee in consi deration for Franchisee's agreement to open the Restaurant by December 31, 2025; and
WHEREAS, the parties agree to certain modifications of the Franchise Agreement to reflect their participation in the Experienced Franchisee program as set forth below.
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- r. Fails to open the Franchised Restaurant on or before December 31, 2026 in accordance with the Franchisor's System Standards.
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- Real Estate and Construction Fee. If Franchisee opens the Franchised Restaurant on or before December 31, 2026 in accordance with the Franchisor's System Standards, Franchisor will waive the Real Estate and Construction Fee.
Source: Item 22 — CONTRACTS (FDD page 77)
What This Means (2025 FDD)
According to Jersey Mike's 2025 Franchise Disclosure Document, franchisees who sign an addendum agreeing to open their restaurant by December 31, 2025, may receive a reduction in the initial franchise fee. However, the standard deadline for opening a Jersey Mike's restaurant is December 31, 2026. Failing to open the franchised restaurant on or before this date can result in termination of the franchise agreement.
Jersey Mike's offers a waiver of the Real Estate and Construction Fee if the franchisee opens the restaurant on or before December 31, 2026, in accordance with the franchisor's System Standards. This provides a financial incentive for franchisees to expedite the opening process and adhere to the established standards.
These deadlines and incentives are crucial for prospective franchisees to consider, as they directly impact the financial obligations and the terms of the franchise agreement. Meeting the earlier deadline can result in cost savings, while failing to meet the final deadline can lead to serious consequences, including termination of the agreement.