What is the principal activity of JM 75, LLC, a subsidiary of Jersey Mike's?

According to Jersey Mike's 2025 Franchise Disclosure Document, JM 75, LLC, a wholly-owned subsidiary of Jersey Mike's Funding, LLC, is primarily involved in the administration of supply chain and brand dollar payment arrangements for Jersey Mike's submarine sandwich restaurants. This indicates that JM 75, LLC plays a crucial role in managing the financial aspects related to the supply chain and brand-related payments within the Jersey Mike's franchise system.

JM 75, LLC was formed in connection with an initial securitization transaction in 2019. Securitization typically involves pooling various financial assets (in this case, revenues related to the Jersey Mike's brand) and then issuing securities backed by those assets. This financial structure suggests that JM 75, LLC is integral to managing the financial flows and obligations created by this securitization.

For a prospective franchisee, this information highlights the complexity of the Jersey Mike's organizational and financial structure. While franchisees may not directly interact with JM 75, LLC, the entity's role in managing supply chain finances and brand payments underscores the importance of a well-managed and financially sound franchise system. Understanding the roles of these subsidiary entities can provide franchisees with a clearer picture of how the overall Jersey Mike's system operates and maintains its financial health.