What skills and qualifications must the transferee and its principals demonstrate to develop Jersey Mike's restaurants?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
(f) The transferee and the transferee's Principals apply to Franchisor for acceptance as a Jersey Mike's developer, and furnishes to Franchisor the information and references that Franchisor requests to determine transferee's and its Principals' skills, qualifications and economic resources;
(g) The transferee and the transferee's Principals demonstrate that it and the Principals have the skills, qualifications, ethics, moral values and economic resources necessary, in Franchisor's judgment, to develop JERSEY MIKE's restaurants, and to fulfill its obligations to Franchisor;
(h) If the transferee and/or its Principals are an existing Jersey Mike's franchisee, the transferee and the transferee's Principals must be approved by Franchisor, in its sole and absolute discretion, for growth;
Source: Item 22 — CONTRACTS (FDD page 77)
What This Means (2025 FDD)
According to Jersey Mike's 2025 Franchise Disclosure Document, a transferee and their principals must demonstrate several qualifications to develop Jersey Mike's restaurants. The transferee and their principals must apply to Jersey Mike's for acceptance as a developer and provide all requested information and references, so Jersey Mike's can determine their skills, qualifications, and economic resources.
Furthermore, the transferee and their principals must demonstrate that they possess the skills, qualifications, ethics, moral values, and economic resources necessary, in Jersey Mike's judgment, to develop Jersey Mike's restaurants and fulfill their obligations to Jersey Mike's. If the transferee or their principals are existing Jersey Mike's franchisees, they must be approved by Jersey Mike's for growth, at Jersey Mike's sole and absolute discretion.
These conditions ensure that any party taking over development rights meets Jersey Mike's standards for business acumen, financial stability, and ethical conduct. This protects the brand's integrity and the interests of existing franchisees by ensuring that new developers are well-qualified and committed to upholding Jersey Mike's standards. Prospective transferees should be prepared to undergo a thorough evaluation process by Jersey Mike's to demonstrate their suitability as developers.