When is the Real Estate and Construction Fee due to Jersey Mikes?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
e content of the program.
- 3 Real Estate and Construction Fee. You must pay Company $5,000 for Company's assistance with the real estate and construction processes as you develop your Restaurant. The fee is due when you sign a lease for the Restaurant and must be paid via your automatic clearing house (ACH) account as described above. This fee is non-refundable. Company may waive this fee under the Exper
Source: Item 6 — OTHER FEES (FDD pages 15–24)
What This Means (2025 FDD)
According to Jersey Mike's 2025 Franchise Disclosure Document, the Real Estate and Construction Fee of $5,000 is due when you sign a lease for the Restaurant. This fee is specifically for Jersey Mike's assistance with the real estate and construction processes during the development of your restaurant.
The FDD specifies that this fee must be paid via your automatic clearing house (ACH) account. This means that franchisees need to ensure their ACH account is set up and ready for payment when the lease is signed to avoid any delays or potential issues with Jersey Mike's. The fee is non-refundable, so franchisees should be certain about their location and construction plans before signing the lease.
Jersey Mike's may waive this fee under the Experienced Franchisee Program, which could be a significant benefit for those who qualify. This waiver is at the discretion of Jersey Mike's. It is important to note that all fees are payable to Jersey Mike's unless otherwise stated, and any interest owed begins to accrue from the date of underpayment. This highlights the importance of adhering to the payment schedule to avoid additional costs.