What was the reported value of Jersey Mikes' construction in progress related to aircraft in 2024?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Land | $ 328,333 | $ 328,333 |
| Buildings | 4,031,351 | 4,031,351 |
| Office furniture and fixtures | 5,171,310 | 4,051,398 |
| Leasehold improvements | 7,625,601 | 5,598,603 |
| Machinery and equipment | 2,642,259 | 2,242,259 |
| Vehicles | 141,354 | 69,302 |
| Aircraft | 41,744,200 | 4 1,744,200 |
| Construction in progress | 44,266 | 44,266 |
| Construction in progress—aircraft | 41,000,000 | - |
| Property and equipment | 1 02,728,674 | 5 8,109,712 |
| Less accumulated depreciation | 12,995,155 | 1 0,635,405 |
| Property and equipment—net | $ 8 9,733,519 | $ 47,474,307 |
Source: Item 23 — RECEIPTS (FDD pages 77–421)
What This Means (2025 FDD)
According to Jersey Mikes' 2025 Franchise Disclosure Document, the reported value of construction in progress related to aircraft was $41,000,000 in 2024. In 2023, there was no reported value for this category.
This substantial figure indicates a significant investment by Jersey Mikes in aircraft-related construction projects during 2024. This could include building or expanding facilities to support aircraft operations, maintenance, or storage. The absence of a corresponding value in 2023 suggests that this investment was a new initiative or a significant expansion of existing infrastructure in 2024.
For a potential franchisee, this information provides insight into Jersey Mikes' asset allocation and strategic investments. While franchisees are unlikely to be directly involved in aircraft-related operations, these investments reflect the overall financial health and strategic direction of the company. Understanding where Jersey Mikes allocates its capital can help franchisees assess the long-term stability and growth potential of the franchise system.