What was the reported value of Jersey Mikes' reacquired rights in 2024?

Based on the 2025 Franchise Disclosure Document, Jersey Mike's reacquired the noncontrolling member's interest of 49% in Jersey Mike's Holdings Canada Ltd during the third quarter of 2023. This interest is now wholly owned by the company. In March 2024, Jersey Mike's sold the corporate Canada stores to an unaffiliated party. The FDD does not specify the exact financial value assigned to the reacquisition of the Canadian holdings in 2024.

While the FDD mentions the acquisition and subsequent sale of Canadian stores, it does not provide a specific valuation for the reacquired rights. This type of transaction can have implications for a franchisee if Jersey Mike's decides to reacquire franchises in the United States, as it could impact the availability of territories or the overall franchise system structure.

A prospective franchisee should ask Jersey Mike's for more detailed information about the financial implications of the Canadian store transactions and the company's overall strategy regarding reacquisition of franchise rights. Understanding the terms and conditions under which Jersey Mike's might reacquire a franchise is crucial for assessing the long-term stability and potential risks associated with investing in a franchise.